PepsiCo announces next 10 accelerator participants

13 Feb 2020

PepsiCo has announced the ten emerging food and beverage brands that will join its second annual North America Greenhouse program.

Each of the participating startups will receive $20,000 in grant funding and participate in a six-month business program designed to accelerate their growth through personalized mentorship.

PepsiCo announces next 10 accelerator participants

The 2020 PepsiCo North America Greenhouse program is designed to support emerging entrepreneurs and brands in the food and beverage industry. PepsiCo mentors from brands including KeVita, Stacy's and IMAG!NE will address marketing, distribution, manufacturing, supply chain, packaging, label claims, fundraising, and overall challenges related to growing a business.

"PepsiCo's Greenhouse program aims to accelerate growth for entrepreneurs who have built purpose-driven brands that are changing the way consumers eat and drink," said Daniel Grubbs, Managing Director PepsiCo Ventures Group. "We provide a grant and mentorship to these companies, and we also draw great value from working closely with the entrepreneurs who are at the forefront of industry trends."

The 10 startups selected for the 2020 PepsiCo North America Greenhouse program are:

+ Beauty Gourmet (Boulder, CO) - A female-founded company, that places "beauty" nutrients into foods and beverages that fit seamlessly into a woman's daily life so that she can create an effortless foundation of wellness without having to do anything more than she would normally do

+ LOVE CORN (Ho Ho Kus, NJ) - Created the first delicious Premium Crunchy Corn brand that is a healthy swap for chips, pretzels, and crackers. It is vegan, plant based, gluten free, and non-GMO Project Verified

+ MudLrk Snacks (LaPorte, IN) - Crafts plant-based, crunchy, whole food snacks in three flavors of shiitake mushroom crisps (Ranch, Kansas City BBQ, Sriracha) and jackfruit crisps. All products are packaged in proprietary, innovative packaging made from compostable materials

+ NUMILK (New York, NY) - Offers machines and ingredients for grocery stores that allow customers to make their own fresh, plant-based milks in reusable bottles

+ Nuttee Bean Co. (Miami, FL) - Makes whole roasted fava bean snacks in three bold flavors: wasabi and ginger, chili and lime, and salt and vinegar. They are gluten free, allergy free, vegan, and certified non-GMO

+ Shindig, LLC (Milwaukee, WI) - Created a juice that blends all-natural fruit and vegetable ingredients into invigorating, nutritious recipes that taste great

+ Siren Snacks (San Francisco, CA) - Created a line of delicious, bite-sized snacks that incorporate functional, superfood ingredients. A female-founded brand, Siren Snacks currently sells a line of plant-based protein bites, Rest & Relaxation bites, and Organic Energy bites

+ SPUDSY (Costa Mesa, CA) - Makes the world's first sweet potato puff and comes in three flavors including Vegan Cheesy Cheddar, Bangin' Bar-B-Q, and Cinnamon Churro. They are certified non-GMO, vegan, and gluten free and source ingredients in a way that reduces food waste.

+ SUPERFRAU (Cambridge, MA) - Created an electrolyte elixir made with real ingredients. It captures fresh liquid whey at the source and infuses it with unique flavor extracts like cucumber lime, lemon elderflower, and peach mango, in order to upcycle it into refreshing, thirst-quenching sports drinks that also aims to build a more sustainable food system.

+ Synapse (Atlanta, GA) - Offers a plant-based alternative to energy drinks. With zero caffeine or artificial ingredients, Synapse is made with plants and harnesses the power of nootropics in a sparkling functional beverage

The finalists were selected by a committee of leaders within PepsiCo based on their product and brand qualities, how they integrate purpose into their offering, and meet the needs of current and future consumers, communities and/or our planet.

At the end of the PepsiCo North America Greenhouse program, one company will receive an additional $100,000 in funding based on the company's progress, level of collaboration and partnership with the PepsiCo mentors, and the effective use of the initial $20,000 grant. That company will also have the opportunity to continue partnering with PepsiCo to further their growth.

PepsiCo first launched its Greenhouse program in Europe in 2017 and expanded the program to North America in the fall of 2018, awarding Austin, Texas-based Hapi Drinks, a sugar-free kids drinks company founded with the mission to fight childhood obesity, as the winning brand in the spring of 2019. Collectively, the 10 participating companies in the inaugural North America class grew their average revenues 200 percent through the six-month program.

Related tags

Innovation

Related news

Tyson launches Coalition for Global Protein

Tyson launches Coalition for Global Protein

22 Jan 2020

Tyson Foods has announced the creation of the Coalition for Global Protein, a multi-stakeholder initiative to advance the future of sustainable protein.

Read more 
Azelis opens development kitchen

Azelis opens development kitchen

17 Jan 2020

Specialty chemicals and food ingredients distributor Azelis has opened a new Food & Health development kitchen in Sankt Augustin, Germany to specifically address the German food market.

Read more 
Campden BRI to research plant-based ingredients

Campden BRI to research plant-based ingredients

17 Jan 2020

Campden BRI has begun research into developing techniques to help the food industry produce cost-effective protein-rich ingredients from plants.

Read more 
Finalists for Startup Innovation Challenge 2019 announced

Finalists for Startup Innovation Challenge 2019 announced

25 Nov 2019

Since 2016, Food Ingredients Global is pleased to present some of the most ground-breaking Food and Beverage solutions currently being developed. This year’s edition makes no exception with 20 exciting innovations answering the challenges of tomorrow’s...

Read more 
EIT Food announces 2019 winners

EIT Food announces 2019 winners

19 Nov 2019

The European Institute of Innovation & Technology (EIT) Food has announced the winners of its 2019 EIT Food Accelerator Network Programme: Orbem AI, uFraction8 and Trigger Systems.

Read more 
FoodBytes! by Rabobank winners announced

FoodBytes! by Rabobank winners announced

14 Nov 2019

15 revolutionary startups took to the stage last week to pitch ground-breaking, sustainable solutions for the food and agriculture industry at FoodBytes! by Rabobank.

Read more 
Innova announces  Top Ten Trends for 2020

Innova announces Top Ten Trends for 2020

24 Oct 2019

Increased consumer interest in the stories behind their food and beverage products and their notable influence on purchasing decisions has resulted in companies increasingly paying attention to storytelling in branding strategies, according to Innova M...

Read more 
Hybrid drinks add sparkle to a struggling beverage market

Hybrid drinks add sparkle to a struggling beverage market

21 Oct 2019

Consumers love to try new beverages, and a recent trend aims to straddle categories with drinks like tea lattes, carbonated juices, and fruit smoothies with plant milk.

Read more 
Plant-based foods and drinks spur new ingredient development

Plant-based foods and drinks spur new ingredient development

21 Oct 2019

The growing popularity of plant-based foods and beverages has boosted innovation among ingredient suppliers to meet diverse manufacturer demands, from dairy-free cultures for flavour and food safety, to flavours and emulsifiers for improved taste and t...

Read more 
FAO, Danone to cooperate on global nutrition

FAO, Danone to cooperate on global nutrition

21 Oct 2019

The Food and Agriculture Organization of the United Nations (FAO) and Danone have agreed to work together to improve global nutrition and food safety knowledge, and promote responsible agricultural value chains for more sustainable food systems.

Read more