APAC
Sustainability Edition
Empowering packaging sustainability in the Asia Pacific and accelerating climate solutions for a sustainable future
About APAC Sustainability Edition
Program
Overview
The Greenhouse Accelerator APAC Sustainability Edition is designed to help startups in APAC region markets develop and bring their ideas to market. The accelerator’s 10 selected finalists will come from a variety of markets across the APAC region and bring a diversity of new solutions for packaging sustainability and climate action.
Presenting our 2023 Winner
Powered Carbon was selected from a formidable group of ten finalists, each representing various countries across the APAC landscape, including China, Australia, New Zealand, Thailand, Vietnam, and Singapore. Their remarkable solution, which champions the principles of the circular economy and the imperatives of climate action, demonstrated an innovative approach to sustainability, in line with our pep+ vision of fostering a resilient and environmentally-conscious future.
The final judging process was both rigorous and comprehensive. Each startup underwent meticulous scrutiny by a panel of esteemed Judges – Rob Kaplan, Founder and CEO of Circulate Capital; Siow Ying Tan, Founder Vista Innovate; Terence Lee, Editor-in-Chief, Tech in Asia; Tam Thanh Nguyen, Senior Advisor (Innovation, Market and Data), AEPW, Jay Buckley, Senior Vice President and Chief Counsel, APAC, PepsiCo, Alan Choi, Senior Vice President and Chief Financial Officer, APAC, PepsiCo. They evaluated the potential of each solution based on its innovation, feasibility, go to market readiness and alignment with PepsiCo’s sustainability objectives.
All finalists were privy to an unparalleled mentorship experience, gaining insights and expertise from PepsiCo’s vast reservoir of industry experts. This four-month mentorship, coupled with a grant of USD $20,000, was instrumental in refining their business models, fortifying their market strategies, and enhancing their potential impact.
As the winning startup, Powered Carbon will utilise the additional grant of USD $100,000 to further develop and implement a sustainable food system while maintaining excellent produce quality. With a groundbreaking technology that utilises CO2 to cultivate bacteria for eco-friendly fertilisers, their innovative approach can reduce greenhouse gas emissions significantly as compared to traditional fertilisers. The eco-friendly fertiliser component has since been tested on potatoes in PepsiCo’s China Shandong Farm and pilot results are expected in Q4 of this year.
We hope to catalyze the ecosystem, supporting entrepreneurs in addressing our shared sustainability challenges and inspiring the next generation of business leaders to drive meaningful change."
We look forward to more opportunities to collaborate with PepsiCo where we can tap on our technology to reduce greenhouse gas emissions."
2023 finalists
Adiona’s powerful last-mile delivery route planning and optimisation SaaS products have powered over 25 million sustainable global deliveries, preventing the emission of almost 7 megatonnes of CO2 equivalent versus traditional technologies.
Aspiring Materials is building a low-carbon future by providing a variety of solutions and products to reduce and sequester carbon dioxide emissions. With years of engineering and geoscience experience, Aspiring Materials are working to build a low carbon future.
Enwise empowers zero carbon factories with quick and visible impact by providing its own bioenergy technology and data solution. Enwise builds and operates OSCAR, a high-efficiency dry anaeerobic digester to produce renewable and clean energy for its customers.
Green2Get’s digital platform and application promotes the circular economy by connecting stakeholders in the recycling value chain, facilitating efficient trading of materials, and encouraging sustainable recycling behavior modification.
HRK Group is fighting plastic pollution from the source, They have the first waterproof paper food packaging that is 100% biodegradable, 100% compostable, 100% recyclable, and has excellent barrier properties.
MEDS’ DECAPLAN tool is the only digital platform in the world that allows end-to-end multi-energy and multi-objective optimization and decarbonization of industrial sites.
Muuse provides a track and trace technology platform that offers reusable packaging as a service to replace and reduce single use takeaway packaging waste.
Driven by green electric power from solar, wind and hydro-powered stations, Powered Carbon uses electrochemistry and synthetic biology technology to transfer carbon dioxide from industrial exhaust gas into valued chemicals, which can be use as raw materials for products.
REMAKEHUB provides creative and impactful recycling solutions—promoting resource reuse and transforming waste into the new generational lifestyle products through high-tech innovative material and sustainable design.
TURN is the world’s leading reusable cup system for events and businesses. TURN gamifies reuse and uses smart technology to rid the planet of single-use plastics.
APAC Process
How it
Works
SELECTION
For this 7th Greenhouse Accelerator program, PepsiCo is seeking 10 companies from the APAC region that are accelerating environmental sustainability in the food and beverage industry and whose values are consistent with PepsiCo’s Sustainability vision.
GRANTS
Selected companies are guaranteed $20,000 USD in grant funding and will need to pitch their product/solution in person at the live event in Singapore. They will participate in a business optimization program designed to accelerate growth.
Mentorship
The program will feature a one-on-one mentorship program, giving entrepreneurs access to PepsiCo executives and business accelerator experts, whose expertise can help them overcome challenges in product development, supply chain, marketing, distribution, manufacturing, packaging, label claims, fundraising or other elements of their business.
Final Prize
At the end of the program, one winning company will be awarded an additional $100,000 USD in funding to continue its expansion, and an opportunity to continue partnering with PepsiCo to further their growth.
The Priorities
Program
Focus
Our mission is to help build a more sustainable future by supporting startups that are working to reduce the environmental impact of packaging and mitigate the impacts of climate change. We believe that these areas are critical to the health of our planet and that innovative solutions from startups have the potential to make a real difference in the region.
Packaging
Sustainability
We are looking for startups that are working to reduce the environmental impact of packaging in the APAC region, whether that be through developing more sustainable materials, improving recycling processes, finding new ways to reduce packaging waste, or supporting a circular economy.
Climate
Action
We are looking for startups that are working to mitigate the impacts of climate change in the APAC region, whether that be through carbon capture and storage, renewable energy, or other innovative solutions.
Important
Dates
March 19
2023
Applications
Open
May 1
2023
Applications
Close
June 19
2023
Program Launch Event - Singapore
August
2023
Program Mid-point virtual event
October
2023
Winner Announcement Event - Singapore
Eligibility
Requirements
If you are a startup working in the fields of packaging sustainability or climate action in the APAC region, we encourage you to apply to our accelerator program.
Minimum Requirements
- Between viable prototype and $2M in sales in the last financial year
- Have business operations in one of the participating APAC region markets (China’s mainland, Taiwan, Hong Kong SAR, Singapore, Thailand, Australia, Indonesia, New Zealand, Brunei, Cambodia, East Timor, Fiji, Japan, Korea, Laos, Malaysia, Mongolia, Myanmar, Pacific Islands, Papua New Guinea, Philippines, Vietnam)
- Be willing to work with PepsiCo Greenhouse Accelerator mentors and public relations team throughout the June-October Accelerator program and attend Accelerator events
- Agree to the Terms and Conditions
An external third party will review all submissions. Our selection committee will choose finalists based on the following criteria:
- A clear go-to-market strategy and plan for sustained in-market execution
- Proof of concept and working prototypes ready for review
- Uniqueness in the market
- Balanced gender and ethnic diversity
- Clear & active social responsibility mission
- Aligned with PepsiCo's Pep+ Sustainability Strategy
- Scalable business model (APAC and global)
- Disruptive, breakthrough, purpose-driven solution or innovation focused on climate solutions and/or packaging sustainability
PepsiCo's
Sustainability Strategy
In 2021, PepsiCo announced a fundamental transformation of what we do and how we do it: from sourcing ingredients and making and selling our products in a more sustainable way, to leveraging our more than one billion connections with consumers each day to drive positive impact at scale, and engage people to make choices that are better for themselves and the planet. We call this pep+ (pep Positive).
As one of the world’s most respected food and beverage companies, PepsiCo aims to use their reach and influence to help change the way society operates across the food value chain.
PepsiCo’s sustainable packaging strategy is based on three
inter-connected pillars: reduce, recycle, and reinvent. Through each of these pillars, PepsiCo strives to drive change through active partnerships, stakeholder engagement, and by supporting changemakers that are developing sustainable packaging and climate solutions.
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