PR Newswire
PURCHASE, N.Y., July 6, 2023
Selected Hispanic-owned companies will participate in a six-month business mentoring program and receive a $20,000 grant to accelerate business growth and transform product offerings; One finalist to receive $100,000 at the end of the program to further advance their business
PURCHASE, N.Y., July 6, 2023 /PRNewswire/ -- Today, PepsiCo, Inc. (NASDAQ: PEP) announced the 10 finalists chosen to participate in the Greenhouse Accelerator Program: Juntos Crecemos (Together We Grow) Edition. For the first time in its history, the program is focused on supporting emerging Hispanic businesses that provide products, services and technology solutions across the food and beverage industry.
The finalists represent a diverse range of emerging businesses in the categories of consumer-packaged goods, beverages, market analytics and technology, sustainable packaging solutions, and environmental impact and waste reduction. The 10 Hispanic-owned businesses chosen to participate in this year's cohort include:
This edition of the Greenhouse Accelerator has partnered with PepsiCo Juntos Crecemos - a multifaceted platform part of PepsiCo's Racial Equality Journey designed to provide short and long-term support to Hispanic small businesses over five years. These emerging Hispanic-owned small businesses were chosen through a deliberate selection process that evaluated their potential to bring forth innovative packaged goods and transformative solutions to improve consumer experience, sustainability and efficiency across the food and beverage industry.
The finalists were announced at a launch event in Plano, Texas, where they were joined by PepsiCo executives and experts from functions including research and development, supply chain and design. During the event, each entrepreneur presented an overview of their company and was paired with their PepsiCo mentorship team, who will support the business during the six-month accelerator program.
"We're excited to continue helping to fuel the growth of these Hispanic small businesses, not only through financial support, but also by providing them access to top-of-the-line mentorship and business resources," said Esperanza Teasdale, Vice President & General Manager of Hispanic Business Unit, PepsiCo Beverages North America. Through the Greenhouse Accelerator Program: Juntos Crecemos Edition, we're committed to helping even more businesses grow faster and sustain their long-term performance."
In addition to receiving the $20,000 grant and mentorship, the finalists will have an opportunity to secure even more funding later this year. In August, each will have a chance to showcase the progress made as a result of the support received from the Greenhouse Accelerator via a virtual event in front of an evaluation committee. In November, an expert selection committee will award the business with the highest potential an additional $100,000 to continue its expansion and opportunities to work with PepsiCo and Juntos Crecemos.
"We are inspired by each of the finalists selected for this year's PepsiCo Greenhouse Accelerator cohort. Each company truly represents the Hispanic community's strong entrepreneurial spirit and ingenuity," said Antonio Escalona, Senior Vice President & General Manager of Hispanic Business Unit, PepsiCo Foods North America. "We look forward to seeing the progress made during each step of the six-month mentorship journey and setting each business up for long-term success."
The Greenhouse Accelerator program launched in Europe in 2016 and expanded to North America in 2018. Over the years, the program has evolved to support innovators and entrepreneurs that appeal to consumer needs, including sustainability and nutrition solutions. This is the eighth Greenhouse Accelerator program, and the objective remains the same: to support entrepreneurs in their growth.
For more information on PepsiCo Greenhouse Accelerator: Juntos Crecemos Edition, please visit https://greenhouseaccelerator.com/juntos-crecemos/.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $86 billion in net revenue in 2022, driven by a complimentary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on Twitter, Instagram, Facebook, and LinkedIn @PepsiCo.
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SOURCE PepsiCo, Inc.
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