Mondelēz joins food business incubator to boost snacking innovation

Mondelēz joins food business incubator to boost snacking innovation
Credit: Shutterstock.com/ Oleksandra Naumenko

Mondelēz International has partnered with non-profit food business incubator, The Hatchery Chicago, in a move intended to boost innovation in the snacking sector.

Mondelēz said the partnership is one of multiple investments as part of SnackFutures, its innovation and venture hub.

The partnership will allow Mondelēz and the SnackFutures team to connect with local food and beverage start-ups and work together to accelerate and scale innovation.

Mondelēz will work with The Hatchery Chicago to offer educational opportunities and mentorship to entrepreneurs active in Chicago’s thriving food and drink scene.

“With SnackFutures, we want to disrupt the food industry by testing new ideas and scaling what works,” said Tim Cofer, Executive Vice President and Chief Growth Officer of Mondelēz International.

“Working with The Hatchery food entrepreneurs will help us push the boundaries of what is possible in snacking as we continue to build our ecosystem of partners while also giving back and offering guidance to new companies.”

As one of the largest food incubation spaces in the US, The Hatchery helps local entrepreneurs build and grow successful food and beverage businesses through three major areas of need: access to production space, financing and resources.

“At The Hatchery Chicago, we believe collaboration accelerates innovation and increases the rate of success for companies – big and small,” says Natalie Shmulik, CEO of The Hatchery Chicago.

“Through this partnership with Mondelēz International, we’re creating even more opportunities for our entrepreneurs and community members to access the mentorship and industry expertise that will help them take their business to the next level.”