Tyson Foods Teams with Startup Incubators to Shape the Future of Food
February 15 2018 - 02:30PM
Tyson Foods (NYSE:TSN) is tapping into entrepreneurs to speed up
the pace of innovation, embrace emerging technologies and become
more agile in its pursuit of sustainable growth. Today, the company
announced an agreement to work with two business incubators, Plug
and Play and 1871, that will directly connect it to the startup
communities of Silicon Valley and Chicago.
It is a unique opportunity to develop the future of the industry
by combining the expertise of America’s largest food company with
the energy, innovation and entrepreneurialism of startup
culture.
“Our collaboration with Plug and Play and 1871 are examples of
how we are adopting new growth models to innovate faster than
consumers and markets are changing,” said Sally Grimes, Group
President Prepared Foods, Tyson Foods. “By partnering with these
organizations and combining Tyson Foods’ resources, capabilities
and team members with the energy and innovation coming out of
Silicon Valley and Chicago, we can have a positive impact on the
industry and the food system.”
Plug and Play is a global innovation platform based in the
Silicon Valley, which will help match Tyson Foods with promising
new businesses in the startup community. By working alongside these
businesses, Tyson Foods can help fuel new discoveries in food and
find new solutions to meet business needs.
“Working with Tyson Foods means that we can create greater
collaboration opportunities for food startups with an emphasis
around solutions that have a positive impact on our food system,”
says Michael Olmstead, Chief Revenue Officer of Plug and Play. “The
Tyson Foods team brings depth and breadth of experience that
entrepreneurs will value, and together they will look toward
solving for the future of food.”
1871, known as the “hub” of Chicago’s “thriving technology and
entrepreneurial ecosystem,” gives Tyson Foods unparalleled access
to a community of entrepreneurs who are working toward building a
better and more sustainable future. This partnership enables Tyson
Foods to further its commitment to creating a more sustainable food
system that can feed an ever-growing population around the
world.
“Our corporate partners play a major role in supporting 1871’s
mission to serve Chicago’s entrepreneurs and elevate its economy,”
said 1871 CEO Howard A. Tullman. “We look forward to working with
Tyson Foods to foster greater innovation within Chicago’s
entrepreneurial ecosystem. This partnership speaks highly to its
ongoing commitment to drive real growth and encourage new
thinking.”
About Tyson FoodsTyson Foods, Inc. (NYSE:TSN)
is one of the world’s largest food companies and a recognized
leader in protein. Founded in 1935 by John W. Tyson and grown under
three generations of family leadership, the company has a broad
portfolio of products and brands like Tyson®, Jimmy Dean®,
Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State
Fair®. Tyson Foods innovates continually to make protein more
sustainable, tailor food for everywhere it’s available and raise
the world’s expectations for how much good food can do.
Headquartered in Springdale, Arkansas, the company has 122,000 team
members. Through its Core Values, Tyson Foods strives to operate
with integrity, create value for its shareholders, customers,
communities and team members and serve as a steward of the animals,
land and environment entrusted to it.
About Plug and PlayPlug and Play is a global
innovation platform. We connect startups to corporations and invest
in over 150 companies every year. Since inception in 2016, our
programs have expanded worldwide to include a presence in 26
locations globally giving startups the necessary resources to
succeed in Silicon Valley and beyond. With over 6,000 startups and
200 official corporate partners, we have created the ultimate
startup ecosystem in many industries. We provide active investments
with 200 leading Silicon Valley VCs, and host more than 365
networking events per year. Companies in our community have raised
over $6 billion in funding, with successful portfolio exits
including Danger, Dropbox, Lending Club, PayPal, SoundHound, and
Zoosk. For more information, visit
http://plugandplaytechcenter.com/food
About 1871 1871 is the home of nearly 500
early-stage, high-growth digital startups and more than 1,500
members supported by an entire ecosystem focused on accelerating
their growth and creating jobs in the Chicagoland area. Located in
a 150,000 square-foot space over four floors in The Merchandise
Mart, 1871 has more than 600 current mentors available to its
members, as well as more than 100 partner corporations,
universities, education programs, accelerators, venture funds and
other organizations that make its extensive matrix of resources
possible. For more on our partners, visit
www.1871.com/about/partners, or become a partner by reaching out to
contact@1871.com.
Media Contact: Gary Mickelson, 479-290-6111,
gary.mickelson@tyson.com
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