The Coca-Cola Company, Colgate-Palmolive and Unilever have joined the AB InBev 100+ Accelerator to fund and pilot sustainable innovation in supply chains.
Launched in 2018, the 100+ Accelerator is a global incubator programme that works to solve supply chain challenges across water stewardship, circular economy, sustainable agriculture and climate action.
Over the last two years, the scheme has accelerated 36 companies in 16 countries. The 100+ Accelerator offers size and scale to entrepreneurs to help bring their solutions to market faster. These startups have raised more than £140m and are scaling globally to achieve the programme’s mission: to accelerate the world’s shift toward sustainable solutions and to do business the right way, not the easy way.
“We are absolutely thrilled to have The Coca-Cola Company, Colgate-Palmolive and Unilever join us as founding partners in the 100+ Accelerator,” said Tony Milikin, chief procurement, sustainability and circular ventures officer of AB InBev.
“Together, we are striving to supercharge adoption of sustainable solutions by funding and accelerating fantastic innovations that will change the world by making all of our businesses more sustainable. Sustainable business is smart business, and we are working to solve huge problems that no one company can handle alone. With our combined global reach, we can accelerate progress towards a more sustainable future.”
In addition to funding pilot programs, the 100+ Accelerator provides ‘hands-on’ support to startups by assigning dedicated teams to help test out their new technologies in a large global supply chain. The addition of The Coca-Cola Company, Colgate-Palmolive and Unilever is expected to expand this unique approach and further establish the value proposition of the AB InBev 100+ Accelerator brand and mission.
“Sustainability is foundational to how we conduct business and shape our strategies,” said Brian Smith, president and chief operating officer of The Coca-Cola Company. “We are committed to working with partners including innovators to bring more sustainable solutions to market by leveraging our size and scale. We are pleased to be a partner of the 100+ Accelerator.”
