Nestlé USA have announced yesterday three new partnerships as part of the TERRA Food & Agriculture Accelerator founded by RocketSpace and Rabobank. This program brings together innovators both corporate business and from newly emerging startups.
The new participants of Nestle’s third cohort have been announced as follows.
-Non-GMO snack food producers Jackson’s Honest., Plant-based cheese specialists and one of the fastest growing companies in California, Miyoko’s Kitchen; and producers of independent farm based juices, spreads and dips, Here.
Head of Open Innovation at Nestle, Ashlee Adams, said, “These companies represent the future of food […] Our open innovation efforts are focused on meeting companies where they are in their stage of growth and designing win-win partnerships that accelerate that growth. We look forward to working with these companies to share learnings, develop new capabilities and create something better together as we bring people more options in categories that are in high demand – healthy snacking and plant-based foods.”
Updated information: Miyoko’s have since released a statement to clarify their position with Nestlé, saying that in their case the corporation are providing mentoring services and have not financially acquired or partnered in any manner: “Nestlé is going to help us gain consumer insights and help us navigate the world of food service, as we are going national with Sysco in February. But Nestlé is taking no equity or money from any of the emerging growth companies.”