PepsiCo names finalists of inaugural APAC Greenhouse Accelerator Program

This article first appeared on Convenience & Impulse Retailing, authored by Deborah Jackson

PepsiCo Australia has announced the 10 start-up finalists for its inaugural APAC Greenhouse Accelerator Program Sustainability Edition.

In March 2023, PepsiCo launched an open call to startups across the Asia-Pacific region, seeking innovative solutions for sustainable packaging and climate reduction. The finalists were selected by a committee of leaders within PepsiCo based on their ability to deliver innovative solutions that effectively mitigate climate impact.

The finalists include three representatives from the A/NZ region, including Australian technology startup Adiona along with Turn Systems Corporation and Aspiring Materials from New Zealand. Other finalists come from China, Singapore, Vietnam, and Thailand.

The selected startups will now participate in a four-month business optimisation program designed to accelerate their growth. The package includes a US$20,000 grant, a business optimisation program to enhance existing operations and supply chain distribution, and personalised mentorship from experts across different areas within PepsiCo globally.

PepsiCo A/NZ national EHS and sustainability manager Brent Gapes said the program represents a significant step in PepsiCo’s commitment to fostering innovation and sustainability in the region.

“We are proud to see both Australia and New Zealand represented in the finalists of the Greenhouse Accelerator Program, representing a strong commitment to innovation and sustainability in the A/NZ region,” he said.

“Their innovative ideas and commitment to sustainability align with our pep+ (PepsiCo Positive) vision of creating a more resilient and environmentally conscious future for all. PepsiCo is committed to collaborating with Turn Systems Corporation, Aspiring Materials and Adiona to drive sustainable outcomes in the region by fostering solutions that create real change in their industries.”

At the end of the program, one standout startup will be awarded an additional US$100,000 and the opportunity to continue partnering with PepsiCo on future projects.

Richard Savoie, CEO of the Australian finalist, Adiona, is understandably delighted to have been selected as a finalist.

“The support that PepsiCo will provide financially, through mentorship and via their business optimisation support will undoubtedly assist us in accelerating our growth to support our mission of fuelling faster EV adoption across global supply chains,” he said.

PepsiCo APAC CEO Wern Yuen Tan said the company is excited to collaborate with these entrepreneurs and believes their innovative solutions will be critical in advancing the circular economy and reducing environmental impact in the APAC region and beyond.

“PepsiCo’s collaboration with the 10 start-up finalists in the APAC Greenhouse Accelerator Program marks a pivotal moment in our journey toward responsible growth and environmental stewardship. By embracing innovative solutions and integrating sustainability across our operations, we aim to redefine industry norms and inspire the next generation of business leaders to drive positive change,” Tan added.

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