Report comment

Please fill in the form to report an unsuitable comment. State which comment is of concern and why. It will be sent to our moderator for review.

Comment

Good move, John.

The global food & drink industry knows it needs a pipeline of innovative products to sustain itself particularly in the face of fundamental shifts in consumer attitudes & behaviour.

SKU rationalisation in retail stores, the rise of e-commerce, and increasing scale-up costs all present startups with huge hurdles to convert disruptive ideas into commercial success.

UK retailers have tried in the past to support this pipeline development (e.g. Tesco's recent Backit platform) but, unless they give startups space on shelf, the rate of flow of sustainable new ideas remains a trickle.

With most corporate accelerators (e.g. Unilever's Foundry, Nestle's Henri) focused on incubating ideas that work on getting lapsed consumers to re-engage with their own brands, there is a true "white space" for companies like Grocery Accelerator to support startups to provide expertise and "smart" cash.

Your details

Cancel