PepsiCo has announced the third edition of its Greenhouse Accelerator (GHAC) program in the Asia Pacific (APAC) region, focusing on sustainability and innovation. The program provides early-stage startups with expert business advisory, mentorship, and collaboration opportunities to develop innovations that reduce environmental impact, promote sustainable agriculture, and advance renewable energy. The program has a proven track record of success, with 15 startup pilots launched over the past two years. For the 2024 GHAC, 10 finalists will receive $20,000 grants, with an additional $100,000 going to the winner. The program has also partnered with GC Ventures and Circulate Capital to provide tailored guidance. The program’s success has been demonstrated by past winners, such as Alterno, which developed a thermal energy storage solution for renewable energy. Ashley Brown, PepsiCo’s VP of Supply Chain A/NZ and Chief Sustainability Officer, sees the program as a crucial role in helping entrepreneurs meet growing expectations for sustainability and competitiveness.
Leading beverage companies urge startups to drive innovation in the circular economy
