Mondelēz International’s Global R&D Team Opens Applications for Second CoLab Tech Program
April 23 2024 - 4:05PM
Mondelēz International, Inc. (Nasdaq: MDLZ), today announced that
applications are now open for the second year of its CoLab Tech
program. This accelerator program, led by Mondelēz’s global R&D
team, seeks early-stage companies that have developed innovative
technologies in nutrition, ingredients, packaging, and
sustainability.
CoLab Tech plays an important role in Mondelēz’s
growth strategy to accelerate innovation in its core categories of
chocolate, biscuits, and baked snacks The selected cohort will
provide the R&D team with early access to new capabilities that
can help in the development of breakthrough products and
platforms.
“Our R&D team is at the forefront of Mondelēz’s
commitment to empowering people around the world to snack right,”
said Ian Noble, VP of R&D at Mondelēz International. “As
consumers increasingly prioritize personal well-being, planet
positive choices, and more interesting eating experiences, we need
to look to groundbreaking entrepreneurs who have developed new
tools and technologies that enable us to continue leading the
future of snacking.”
This year’s CoLab Tech priority areas
are:
- Packaging: Materials that are recyclable,
high performing, and flexible; can enable a low environmental
impact; and can support premium products.
- Ingredients: Enable innovation in core
categories of chocolate, biscuits, and baked snacks with clean,
‘free from’ ingredients; sugar and calorie reduction; plant-based
positive nutrition; functional actives; and elevated sensorial
experiences.
- Sustainability: Can reduce environmental
impact through water and energy optimized ingredient mixing and
product forming solutions; more efficient and sustainable heating
processes; efficient selective concentration and recovery of
compounds; and novel bio-gas generation and supply solutions.
Paula Hemerly, CoLab Tech Program Manager, said the
first CoLab Tech cohort has already demonstrated the value of ‘big
and small’ working together to accelerate the promise of food
technology.
“Last year’s cohort really opened our eyes to
what’s possible in snack innovation,” Hemerly said. “We are already
collaborating with some of the participants to put their
technologies into practice and are very excited about what this new
class will bring.”
The eight-week CoLab Tech curriculum consists of
virtual sessions, 1:1 mentoring, and has the potential for
proof-of-concept testing.
It is open to start-ups across the globe who have
reached a minimum viable product in their development process and
have a minimum of five employees. Start-ups with diverse and
minority board members will be considered a plus for selection. For
more information and to apply to the CoLab Tech program, visit
www.snackfutures.com.
About Mondelēz
InternationalMondelēz International, Inc. (Nasdaq: MDLZ)
empowers people to snack right in over 150 countries around the
world. With 2023 net revenues of approximately $36 billion, MDLZ is
leading the future of snacking with iconic global and local brands
such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and
baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone
chocolate. Mondelēz International is a proud member of the Standard
and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index.
Visit www.mondelezinternational.com or follow the company on
Twitter at www.twitter.com/MDLZ.
Forward-Looking StatementsThis
press release contains forward-looking statements. Words, and
variations of words, such as “will,” “may,” “expect,” “plan,”
“continue” and similar expressions are intended to identify these
forward-looking statements, including, but not limited to,
statements of belief or expectation and statements about Mondelēz
International’s leadership position in snacking. These
forward-looking statements are subject to change and to inherent
risks and uncertainties, many of which are beyond Mondelēz
International’s control, which could cause Mondelēz International’s
actual results or outcomes to differ materially from those
projected or assumed in these forward-looking statements. Please
also see Mondelēz International’s risk factors, as they may be
amended from time to time, set forth in its filings with the U.S.
Securities and Exchange Commission, including its most recently
filed Annual Report on Form 10-K and subsequent Quarterly Reports
on Form 10-Q. There may be other factors not presently known to
Mondelēz International or which it currently considers to be
immaterial that could cause Mondelēz International’s actual results
to differ materially from those projected in any forward-looking
statements it makes. Mondelēz International disclaims and does not
undertake any obligation to update or revise any forward-looking
statement in this press release, except as required by applicable
law or regulation.
Contacts: |
Desiree Battaglia (Media)1-847-943-4772news@mdlz.com |
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