How many challenges have been issued? What are they?
This year, we have concentrated and expanded on 5 challenge statements, across a range of issues all helping us to reach the UN Sustainable Development Goals and the 100+ Accelerator Partner Companies’ Sustainability Goals around smart agriculture, water stewardship, circular packaging, climate action and upcycling. These challenges will be amplified through the partner companies, to reach innovators around the world who can provide solutions. For more information, please visit our website.
Why is it important for AB InBev, Unilever, The Coca-Cola Company and Colgate-Palmolive to champion startups through the 100+ Accelerator?
The 100+ Accelerator recognizes the need to combine efforts to develop and scale new innovative solutions. Each corporate partner has set ambitious sustainability goals and know that no one company can achieve them alone. The 100+ Accelerator will connect corporations to startups and innovators and work together to solve today’s biggest sustainability challenges.
A call for innovation – We understand that new technologies and innovations are developed quickly, and 100+ Accelerator can bring us all closer to that cutting edge. We can work together to scale game-changing solutions and accelerate action.
Will any further challenges be launched?
The 100+ Accelerator will adapt to match the ever-evolving sustainability challenges we all face. Therefore, challenges are updated on a yearly basis.
Why did AB InBev decide to partner with Unilever, Coca-Cola and Colgate-Palmolive for the 100+ Accelerator?
No one can solve today’s sustainability challenges alone. Through the 100+ Accelerator we are committed to partner with others, as well as to contribute to the UN Sustainable Development Goals. We will scale and accelerate sustainable solutions. We all face the same core sustainability challenges and by partnering together we can share knowledge and resources to accelerate cost effective solutions.
Since its founding, by AB InBev, the 100+ Accelerator has welcomed corporate partners to join. Collective action is needed to deliver systemic change.
Can other companies join?
Yes, other companies that share our common vision are welcome to join the 100+ Accelerator for 2022. We want to become the leading Accelerator for sustainability, driving innovation and value creation, and this can only be achieved by true collaboration with others. Our dream is to have at least 10 global corporations partner with the 100+ Accelerator by 2025.
Will all of the challenges be open to everyone? Or are they specific to regions?
The 100+ Accelerator challenges were developed with input from subject matter experts and partner companies to ensure both global and local issues are addressed.
What are the key results the 100+ Accelerator has delivered over the past 2 years?
The 100+ Accelerator’s startup innovations have already created tremendous impact. Some examples include:
• The collection of more than 1.000 tons of glass waste in Brazil
• The introduction of returnable packaging in the United States
• Recycled electric vehicle batteries that store renewable electricity in China
• The implementation of green and profitable cleaning solutions for brewing operations to eliminate chemicals use in Colombia
• Solutions delivering traceability and insurance for smallholder farmers in Africa and South America
• The ability to upcycle saved grains from the brewing process to produce nutritious foods in the United States
Who should apply? Are there restrictions on the type or size of company that can apply?
The 100+ Accelerator is looking for innovative solutions that have the ability to scale quickly and make a significant impact on one or more challenge areas. The Accelerator focuses on startups that have a product in market or prepared to go to market. Also, the Accelerator is particularly interested in supporting great teams: companies led by passionate entrepreneurs who have surrounded themselves with diverse talent that are in the best position to succeed.
Startups that have demonstrated traction in the form of IP, revenue, clients, pilots or contracts etc. will have the best chance of getting accepted.
What stage of company are you looking for?
A large part of the program is based on launching pilots to validate product/market fit. Therefore, we are primarily looking for companies that have either a product that is ready to go to market or already in-market. Earlier stage companies will be considered by rare exception only.
How are startups selected for the accelerator?
Applicants will be evaluated on a rolling basis. Scoring will be assessed based on the following values:
- Fit with identified sustainability challenges
- Ability to demonstrate traction/product market fit
- Market expertise and team
- Capacity to carry out pilot in selected global zone
When will I know if I have been successful?
Startups will need to complete all questions on the application form on F6S: https://www.f6s.com/100-sustainability-accelerator1/apply. As well, startups will need to confirm that they are able to travel internationally and specifically to the United States. However, any travelling throughout the program will be subject to biosafety measures and vaccination rollout. Founders must have a valid passport with an expiry date of at least March 2022. Founders must also be willing to submit to a background check.
Why would a startup or inventor participate?
The 100+ Accelerator will provide support, guidance and access to potential funding through:
- Pilot customer opportunities with the four corporate partners: AB InBev, Unilever, Coca-Cola, and Colgate Palmolive (including the potential to scale company-wide)
- Active mentorship, training and programming in product development, go-to-market, operations, sales and more
- Top mentor network of scientists, academics, domain experts, venture capitalists, corporate sustainability leaders, etc.
- Potential funding from Partner Companies and their networks
How much are the partners putting into the 100+ Accelerator?
We are not disclosing details of the broader partnership; funding pilots up to $100,000 USD.
How long will these partners be involved?
Each partner has committed to one year with an option to renew.
How much investment will be raised at the end of the program?
The success of the 100+ Accelerator is not contingent on the amount of capital that the startups will go on to raise at the end of the program. Our goal is to find, test and validate solutions to environmental/social challenges; this is our primary focus.
I am already working with AB InBev, Unilever, Coca-Cola and/or Colgate- Palmolive should I apply?
Yes. Please disclose this information in your application and include the name of your main contact at the partner company.
Are you going to regularly communicate progress? How do we measure the success of the 100+ Accelerator?
Yes, we will announce achievements towards our 5 challenges: We will report on progress where possible. We will also have a section in our webpage that measures the impact the 100+ Accelerator is delivering.
But we will not have scheduled interim announcements: We will share the stories of our progress and invite you to follow us on Instagram, Facebook, LinkedIn and Twitter.
Do applicants give up IP when they submit to the challenges?
No, the applicants own their IP and don’t give up any rights to it upon applying. They will sign Statements of Work (SOW) once they are selected. Non-Disclosure Agreements (NDA) can be signed during the interview phase of the application process upon request (given the applicant makes it to the interview phase of the selection process.)
Are the solutions you are seeking only for AB InBev, Unilever, Coca-Cola and Colgate-Palmolive? Or can other companies/ organizations benefit from the ideas and technologies?
We will share our solutions: We want to accelerate action so our challenges in sustainability are fundamentally shared. Whatever solutions we develop we will make available to our suppliers, external partners and to other companies.
How is your Accelerator Program different from programs launched by others?
Collective action is key – No one can solve today’s sustainability challenges alone. The 100+ Accelerator will continue to establish new partnerships with scientists, innovators, entrepreneurs, students and companies around the world to identify and scale new sustainability solutions.
How are you involving your brands in the 100+ Accelerator program?
We are helping to build companies that will continue to bring people together for the next 100 years and beyond. Our global brands are committed to purpose driven initiatives and sustainability. Therefore, we encourage brand engagement in our pilot implementation when appropriate.
Will the 100+ Accelerator contribute to your business growth?
The 100+ Accelerator is a transformational program that drives value creation, creates efficiencies and reimagines how to do business.
Your Partner companies work in many parts of the developing world. How are they supporting the vulnerable people in the value chain?
They are dedicated to responsible sourcing: all forms of human rights violations are prohibited in these organizations and in supply chains. For example, AB InBev has a human rights policy and a responsible sourcing policy as well as processes in place to monitor. It is a non-negotiable commitment for our business.
They are prioritizing supplier development in key areas: Through various supplier development efforts, they are working to build and strengthen their supplier base in the developing world.
We are looking for partners to help us: As one of our initial 100+ Accelerator Challenges, we are soliciting partnerships to help us increase the transparency of complex supply chains, and for scalable solutions to enhance responsible sourcing practices.
Do you plan to announce additional partners participating in the 100+ Accelerator program in the future?
We are open to more partners. Our goal is to have ten global corporate partners join the 100+ accelerator by 2025.
How will the cohort be organized?
There will be three phases, with progressively larger business goals and relationships resulting.
- Phase One: Initial pilot planning. There will be one session of at least three days for the entire cohort in New York City during this time.
- Phase Two: 100+ Accelerator will provide in-person and remote corporate development and programming to further support startups as they scale. Pilot execution will continue, along with potential investment opportunities from the 100+ Accelerator Partner Companies and other VC Funds.
- Phase Three: The Accelerator culminates in a Demo Day with investors, where we seek to highlight the best startups and celebrate their progress. After this process, if the pilot is successful partner companies seek to have a commercial deal.
** All in-person events are subject to change or convert to a virtual format based on travel restrictions.
Who is evaluating the applications?
The 100+ Accelerator team will be managing the application process; the corporate partners will be involved in final startup selection.