IBEF: January 13, 2021
On Tuesday, PepsiCo published a list of 10 global emerging innovators, including Biosustain Labs in India, each of which will receive a US$ 20,000 grant and mentoring support under its fifth 'Greenhouse Accelerator' initiative.
Biosustain Labs, located in the Kodagu district of Karnataka, creates safe functional food items for customers looking for unique health benefits.
Five emerging innovators, Braingaze, Carbiotix AB, Melico Research, Seqbiome, Sphera Encapsulation, were chosen from Europe, while four were chosen from the US: BioLumen, ZBiotics, Canomiks, LifeNome-Ask Sophie.
PepsiCo said, “Participating firms will receive grant funding of US$ 20,000 and launch a six-month business programme designed to boost their development through personalized mentoring.”
The 10 innovators will receive personalised mentorship through roles like research and production, supply chain and architecture from experts at PepsiCo.
Mentors will partner with businesses to address a variety of business challenges, including business model growth, technology scaling and go-to-market strategy.
PepsiCo Ventures Group Managing Director, Mr. Daniel Grubbs said, “We are eager to extend our Greenhouse Accelerator programme into new fields such as cutting-edge technology and research. We have a lot to learn from this team and look forward to working closely with these 10 innovators who are changing the game through customization and new technology.”
PepsiCo said that a committee of stakeholders inside PepsiCo selected the finalists on the basis of their ability to deliver ingredients, products or services that promote a healthier lifestyle and encourage global health and wellness management.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.