Bimbo launches business accelerator in Latin America

MEXICO CITY — Grupo Bimbo SAB de CV introduced the launch of Bimbo Open Door, a enterprise accelerator to put money into Latin American bakery and snacks initiatives that align with not less than one of many three pillars of the corporate’s sustainability technique.

“Bimbo Open Door focuses on looking for, growing, and investing in startups and scale-ups within the bakery and snacks sector, whose initiatives stand out for his or her revolutionary worth propositions, sustainable practices, and enterprise mannequin, amongst others,” the corporate stated.

“We’re a worldwide firm born in Mexico greater than 76 years in the past as a small firm,” stated Raúl Obregón, international director of knowledge and transformation at Grupo Bimbo. “This time has allowed us to be taught and capitalize on many classes we’re excited to share with the youngest. With Bimbo Open Door, we need to turn into an engine for the entrepreneurial ecosystem, the place we put into observe fashions of shared success that promote new skills and their nice concepts. We’re certain they’ll revolutionize the meals trade.” 

Bimbo stated it designed Bimbo Open Door to succeed in greater than 20 nations within the Latin America area, together with Mexico, Colombia, Chile and Argentina. The initiative operates by means of Bimbo Ventures, the corporate’s enterprise section that, since 2017, managed 4 acceleration cycles by means of its Bimbo Eleva and Bimbo Bakelab platforms. Inside these acceleration cycles, the corporate stated it acquired greater than 1,000 challenge proposals, of which Grupo Bimbo collaborated with greater than 20 — by means of alliances of assorted varieties — and invested in seven.  

Participation in Bimbo Open Door would require firms to have a product validated by Bimbo, annual gross sales over $300,000 and availability to take part in this system. As well as, the corporate stated candidates have to be aligned with not less than one of many three pillars in its sustainability strategy.

The primary sustainability pillar is dietary variety, recognized by Bimbo as, “Baking or snack initiatives, both candy or savory, made with clear label recipes or with inputs of vegetable origin, similar to crops and entire grains.”

The second pillar of the corporate’s sustainability technique is environmental care. Bimbo stated candidates needs to be baking or snack initiatives that contemplate a sustainable provide of uncooked supplies, similar to regenerative agriculture or those who stand out for having waste management applications, discount of carbon emissions and post-consumption actions, similar to recycling or round financial system.

Bimbo’s third sustainability pillar is impression on the group. The corporate stated it’s on the lookout for portfolios which have a model with a goal or a social profit program for foundations and communities.  

These startups and scale-ups the corporate selects as finalists will enter a 16-week hybrid program the place they’ll obtain mentoring from Bimbo executives and managers, in addition to the chance to get to know the bakeries and innovation facilities within the firm whereas engaged on their initiatives. Within the ultimate stage of this system, finalists will current the outcomes of their work to a discussion board of firm executives, Bimbo stated. 

The corporate introduced it’s accepting registrations by means of Bimbo Open Door till Aug. 22. For this initiative, Bimbo has partnered with Blue Field, the most important community of incubators, accelerators, and company funding funds in Latin America. For extra info and challenge log in, firms can go to:   Source

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