Beer bucks for sustainable startups

Beer bucks for sustainable startups

Aug 7, 2018
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Image credit: Hop cones by ABInBev
Tuesday, August 7, 2018

Anheuser-Busch InBev makes beer. But now the world’s largest brewer is also aiming to make startups in the sustainability sector, too.The Belgian company is inviting academics, entrepreneurs, scientists and technologists to apply to its new incubator, 100+ Accelerator, designed for startups tackling global sustainability issues.

The incubators hopes to grow companies that work on water stewardship, agricultural productivity, recycling, responsible sourcing and green logistics. “At AB InBev we have a long-term vision to build a company to last for the next 100+ years, which relies on driving sustainability across our business,” said Tony Milikin, AB InBev’s Chief Sustainability & Procurement Officer in a statement. “Our approach is rooted in the communities where we live and work, and we are well positioned to support entrepreneurs who are tackling local challenges.”

To apply, startups must describe their solutions to 10 key sustainability challenges that face the world. Companies in the 100+ Accelerator will receive as much as $100,000 (€86,000/CHF99,500). They will work on product-market fit, develop a market plan to integrate with a corporate partner and research best practices for scaling. ZX Ventures, AB InBev’s global incubator, will consult on the projects.

Successful applicants will be announced in September. They will then have a year to develop their ideas in preparation for a pitch session with investors in Leuven, Belgium next year. “We want to empower driven and committed entrepreneurs who are solving problems in their own communities,” said Maisie Devine, GLobal DIrector of AB InBev’s 100+ Accelerator.

Image credit: Hop cones by ABInBev http://www.ab-inbev.com/content/dam/universaltemplate/ab-inbev/News/Beer%20&%20Brewing/555x360_hopsinhands.jpg

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