PepsiCo has announced the return of its APAC Greenhouse Accelerator Program.
Following the success of last year’s program, the company is looking to make an “even greater” impact on the food and beverage sector in the region by collaborating with and supporting entrepreneurs who are developing innovative solutions in sustainable agriculture, climate action, and the circular economy.
PepsiCo, as part of the program, will select up to 10 applicants to receive US$20,000 in grants as well as mentoring from subject-matter experts from PepsiCo’s executive bench and broader leadership team. A final winner will receive US$100,000, announced in Thailand in September.
Applications for 2024 are now open, and APAC start-ups with solutions in the sustainable packaging, climate action, and sustainable agriculture spaces are eligible to apply. The shortlisted applicants will be selected based on the degree of innovation, business model scalability, uniqueness, disruptive potential, and a mission to drive emissions reduction and circularity.
“Building on the strong start we made in 2023, we’re extremely proud to launch the second edition of the Greenhouse Accelerator program across the Asia Pacific region,” says PepsiCo APAC CEO Wern-Yuen Tan.
“Last year, we initiated seven pilot projects, each contributing to our sustainability goals and demonstrating the power of partnership. APAC is a focal region for agri and food tech innovation, and with new partners joining us, we aim to use our reach to positively influence the food ecosystem.”
For the second edition of the program in APAC, PepsiCo has partnered with Suntory PepsiCo Beverage Thailand, Suntory PepsiCo Vietnam Beverage, and Circulate Capital with an aim to address a comprehensive range of environmental challenges and to cultivate a generation of entrepreneurs who can drive positive impact across multiple facets of sustainability.
To apply for the program, visit greenhouseaccelerator.com/apac.