AB InBev has announced that 17 companies working towards sustainability solutions across the food, water, packaging and waste industries, have been selected to join the second cohort of its 100+ Accelerator programme.
Each of the start-ups will receive up to $100,000 as well as the opportunity for follow-on investment at a demo day later in the year.
The programme is intended to provide the start-ups with the tools, resources and contacts they need to implement and scale their solutions.
In New York this week, the 17 start-ups participated in a three-day workshop that offered training, network advice and technical expertise.
Through its 100+ Accelerator programme, which was initially launched in August 2018, InBev said it was looking for partners who can deliver breakthrough advancements in renewable energy, recycling, hydro technologies, farm quality and yield, reducing harmful used of alcohol and re-using brewing by-product.
The programme contributes to the United Nations’ Sustainable Development Goals and AB InBev’s 2025 Sustainability Goals.
One of the companies that has been selected is Comet Bio, which has developed a process to extract nutrition from food system waste. Its portfolio includes Arrabina, a prebiotic dietary fibre from upcycled crop leftovers.
“We are excited to partner with AB InBev to pilot their saved grains in our process. AB InBev’s Waste to Wellbeing Challenge aligns perfectly with Comet’s core capability of extracting nutrition from food system waste,” said Richard Troyer, CEO of Comet Bio.
Maisie Devine, 100+ Accelerator global director, said: “Every year, I am so impressed and inspired by the entrepreneurs solving key sustainability challenges for global supply chains. Combined with the scale and reach of AB InBev, they have the ability to truly change our world.”
© FoodBev Media Ltd 2019