Upcycling Snack Maker Awarded $100,000 Grant By PepsiCo Greenhouse Program
Thursday, September 3rd, 2020 | 529 Views
Spudsy, a California snack maker has been awarded a $100,000 grant by PepsiCo, as part of its second annual North America Greenhouse program. The program designed to support emerging entrepreneurs and brands in the food and beverage industry through personalise mentorship.
The company makes sweet potato puff snacks that are certified non-GMO, vegan, gluten free, and sources ingredients in a way that reduces food waste. It’s ‘Save the Spud’ mission helps reduce food waste by upcycling imperfect sweet potatoes to create its sweet potato flour. Spudsy is on track to save approximately 1 million sweet potatoes by 2021.
PepsiCo’s six-month business program, which began in February as COVID-19 was starting to change the retail landscape, awarded 10 emerging food and beverage brands the opportunity to partner with PepsiCo as they looked to scale their businesses. Collectively, the 10 participating companies in this year’s North America class were able to overcome challenges and grow their average revenues more than 240 percent over the course of the program.
Initial finalists were selected based on their product and brand qualities, how they integrate purpose into their offering, and how they meet the needs of current and future consumers, communities and/or our planet.
“We are so proud of all of the finalists in this year’s Greenhouse program who persevered during a time that has forced companies big and small to rethink and adjust their business strategies,” said Daniel Grubbs, Vice President, PepsiCo Ventures Group.
“The Spudsy team was able to not only show tremendous growth in a few short months, but importantly was able to continue to build a strong purpose-driven brand. We look forward to seeing what they do with the $100,000 grant.”
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