Competition
PepsiCo Greenhouse Accelerator: MENA Sustainability Edition
Deadline: 10th of April, 2023
PepsiCo, one of the most reputable food and beverage companies in the world, wants to use its power and impact to alter how society functions along the entire food value chain.
Entrepreneurs who establish and scale up inventions focused on novel procedures, goods, and technologies that are upending our industry are crucial changemakers in this shift. We established the PepsiCo Greenhouse Accelerator Program to foster such innovations:
- a worldwide mentoring program with the objective of fostering cooperation and knowledge exchange among sustainability-related business owners
Are you a start-up or entrepreneur with transformative direct farming innovations in the following areas?
- Minimizing water use and stress in the region by enhancing management of water and wastewater in agricultural activities;
- Managing efficiencies across inputs and production processes to increase sustainable practices in agriculture;
- Breakthrough products and technologies to support regional food security; and
- AI and digitization of agricultural processes to enable for sustainable reporting
Benefits:
- GRANTS
- Selected innovators will receive an initial $20,000 USD grant to work on a new business initiative.
- FINAL PRIZE
- At the program’s closing event, a panel of judges will award one participating company with a $100,000 USD prize to help advance and scale their innovation.
- MENTORSHIP
- PepsiCo and industry experts provide R&D insights, perspectives on business models, market activation, product development, regulatory practices and more.
- RESOURCES
- Participants of the 6-months program will have access to subject matter experts, resources and business courses.
Requirements:
Applications for the Greenhouse Accelerator: MENA Sustainability Edition will remain open until April 7, 2023. In order to apply, companies had to meet the following requirements.
Minimum requirements:
- $250,000 to $1M USD in sales in the last financial year OR have a validated prototype for use in the market within the next 6 months
- Be a licensed business in one of the participating MENA region countries (Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Sudan, Tunisia, United Arab Emirates).
- Be willing to work with PepsiCo Greenhouse Accelerator mentors and public relations team throughout six-month Accelerator program and attend Accelerator events.
- Agree to Terms and Conditions below.
Eligibility:
- Must include the focus areas of sustainable agriculture practices.
- Uniqueness in the market.
- A clear go-to-market strategy and plan for sustained in-market execution.
- Balanced gender and ethnic diversity of team.
- Scalable business model.
