Mars, Incorporated has selected the inaugural class for its SEEDS of
CHANGE™ Accelerator program, designed to help
early stage food-focused companies fast-track growth and live their purpose to
build a healthier and more sustainable future.
The six startups comprising the first SEEDS *of *CHANGE Accelerator cohort
were selected from over 200 applicants. 10 finalists were then invited to
Chicago on July 19, to present in front of a live audience; with judges
including a number of Mars execs, as well as:
-
Rohan Oza, an iconic brand builder and recent "guest shark" on “Shark
Tank”;
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James Nixon, CEO of JKR Ventures;
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Natalie Shmulik, CEO of The Hatchery; and
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Nick Green, co-founder and CEO of organic food online retailer Thrive
Market.
The selection day event took place at The Hatchery, a non-profit food and beverage incubator dedicated to helping local entrepreneurs build and grow successful businesses.
The panel selected these six US participants out of the search that focused on
companies that share the Mars Food purpose — Better Food Today. A Better World
Tomorrow. — through world flavors, plant-based
eating,
easy-meal solutions, responsible food and creating with care. The final six
companies are:
-
Brooklyn Delhi creates delicious and
nutritious condiments and sauces for modern American meals inspired by the
timeless culinary traditions of India.
-
Fora makes non-dairy butter, Faba Butter, and soon future products
with a taste, functionality and convenience superior to their animal-based
counterparts.
-
NoBull Burger is a line of hand-crafted,
premium veggie burgers that uses only real-food, high-quality ingredients to
make an exceptional tasting plant-based veggie burger.
-
Oxtale partners with acclaimed chefs from each cuisine
it represents to craft delicious, convenient "starters" to help people cook
traditional dishes in under 30 minutes.
-
Prommus is bringing purpose to traditional Middle
Eastern cuisine, starting with a delicious line of value-added hummus while
helping provide school meals to children in food-insecure areas of the
world.
-
True Made Foods turned America's favorite
empty-calorie staples — ketchup, BBQ sauce and Sriracha — into superfoods by replacing added sugar with real vegetables.
"The world is changing at a rapid pace with consumer needs evolving and new
approaches and technologies transforming business," said Gary Arora,
Mars SEEDS of CHANGE Accelerator Lead. "The SEEDS of CHANGE Accelerator
acts as a catalyst to help forward-thinking innovators bring their
purpose-driven food-focused visions to life. And, in turn, we will gain valuable
insight to further enable the world we want tomorrow."
In addition to a grant of up to US$50,000, each startup will undertake a
tailored, four-month program to scale its operations. The program, led by Arora,
global lead of open innovation at Launchpad for Mars, will give the startups
access to a panel of industry expert mentors — including JKR; Jarek Swigulski,
Regional President at Mars Food North America; startup incubator and food
optimizer MISTA; leading global ingredients solutions company Ingredion;
and venture capital firms such as Cleveland Avenue and Rocana Ventures.
"We were impressed by the quality of pitches prepared and presented by each of
the 10 finalists, and it made our decision a very difficult one," Arora said.
"We selected the final six companies for this first cohort because we thought we
were best-suited to meet their specific needs, they are at the forefront of
shaping the meals of tomorrow, and they have strong alignment to our mission. We
are proud of each of the 10 finalists and look forward to seeing their continued
success."
The other four finalists were:
-
Crafty Counter makes easy-to-prepare vegetable packed foods that solve
lunch or dinner for a family in a pinch and/or adopting "flexitarian" diets.
-
Renewal
Mill is
on a journey to create a new circular economy of food by upcycling
byproducts from food manufacturing into high-quality ingredients and
products.
-
Splendid Spoon provides convenient and healthy meals that are chock full
of clean, nutrient-dense ingredients and always 100 percent plant-based.
-
Wild For is a superfood company making healthy, tasty foods based on the
ancient Ethiopian grain, teff.
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Sustainable Brands Staff
Published Aug 15, 2019 8am EDT / 5am PDT / 1pm BST / 2pm CEST