DEERFIELD, ILL. — Mondelez International, Inc. is partnering with The Hatchery Chicago, a non-profit meals small business incubator, to connect with commence-ups and accelerate and scale meals and beverage innovation. The partnership is amongst quite a few investments Mondelez is generating as component of its SnackFutures innovation and venture platform.
Launched this previous November, SnackFutures focuses on 3 places: the creation of new brands and firms, reinvention of some of the company’s smaller sized brands, and the funding of commence-up entrepreneurs. Mondelez will collaborate with The Hatchery Chicago to provide educational possibilities and mentorship to nearby meals and beverage entrepreneurs.
“We are really impressed with the talented commence-ups coming out of The Hatchery and are excited to be component of this journey,” stated Timothy P. Cofer, executive vice-president and chief development officer of Mondelez International. “As the world’s snacking leader, it is increasingly significant for us to collaborate with the ideal and brightest talent in advancing the future of snacking. With SnackFutures, we want to disrupt the meals business by testing new tips and scaling what operates.
“Working with The Hatchery meals entrepreneurs will enable us push the boundaries of what is achievable in snacking as we continue to develop our ecosystem of partners although also providing back and providing guidance to new firms.”
Housed in a 67,000-square-foot facility, The Hatchery Chicago delivers job education and placement plan and gives access to production space, financing and sources to enable entrepreneurs develop and develop profitable meals and beverage firms.
“At The Hatchery Chicago, we think collaboration accelerates innovation and increases the price of results for firms — significant and tiny,” stated Natalie Shmulik, chief executive officer of The Hatchery Chicago. “Through this partnership with Mondelez International, we’re generating even extra possibilities for our entrepreneurs and neighborhood members to access the mentorship and business knowledge that will enable them take their small business to the subsequent level.”