PepsiCo selects 10 emerging innovators including one from India for mentoring

Food and beverages major PepsiCo has come out with a list of 10 global emerging innovators including India’s Biosustain Labs, each of which will get a grant of USD 20,000 and mentoring support under its fifth ‘Greenhouse Accelerator’ programme.

Biosustain Labs, based out of Kodagu district, Karnataka, develops sustainable functional food products for consumers looking for specific health benefits.

As many as five emerging innovators namely Raingaze, Carbiotix AB, Melico Science, Seqbiome, Sphera Encapsulation have been selected from Europe, while four viz. BioLumen, ZBiotics, Canomiks, LifeNome-Ask Sophie have been  selected from the US.

The 10 innovators will receive personalized mentorship from experts at PepsiCo across functions including Research and Development, Supply Chain and Design.

In a statement, PepsiCo said: “Each of the participating companies will receive USD 20,000 in grant funding and begin a six-month business program designed to accelerate their growth through personalized mentorship.”

Mentors will collaborate with the companies to solve a range of business challenges, including business model development, scaling technology and go-to-market strategy. “In June, one company will be awarded an additional USD 100,000 in funding to continue its growth,” it added.