PET Food Processing - October 2019 - 63
ACCELERATORS
on the
FAST TRACK
Accelerator programs are helping pet food and
treat companies create successful brands.
By Jordan Tyler | jtyler@sosland.com
T
The number of pet food and treat products on the US
market has reached an all-time high. In 2018, GfK
estimated the number of brands grew to 630, a 71%
increase from 2011, and the number of stock-keeping
units (SKUs) reached 22,000, an 88% increase over the
same period.
The battle for shelf space is critical, and as these products continue to proliferate, some big names in the industry are lending a hand to businesses looking to get a
leg up and achieve rapid growth. Accelerator programs,
innovation centers and incubators are giving these companies a boost with specialized programs, funding opportunities and strategic mentorship.
Pet Care Innovation Prize
One of these programs is Nestlé Purina's Pet Care
Innovation Prize, which invites innovative startups in
the pet industry to participate in a competition for up
to $20,000 in funding, strategic support and publicity.
The annual Pet Care Innovation Prize program began in
2016 as a venture to help early-stage companies establish
themselves in the marketplace.
Applications for the program are open from March to
September, then five companies are chosen to participate
in a month-long "business acceleration boot camp,"
where they work with industry experts, brand managers and product developers to tweak their products
and pitches. At the end of the program, each company
presents a brief pitch during a ceremony at Global Pet
Expo, where a panel of judges votes for the grand prize
winner. All companies that participate in the boot
camp are awarded $10,000, and the grand prize winner
receives an extra $10,000.
In 2019, two finalists with innovative ideas for pet
food and treat products were given the opportunity
to pitch their brands during the Pet Care Innovation
Prize competition. One of them was Shameless Pets,
which introduced its concept of upcycling viable ingredients from secondary streams that might otherwise
have been thrown away and utilizing their nutritional
value in dog treats. The other company, Boulder,
Colorado-based Bond Pet Foods, is developing a method of growing synthetic animal protein cells through
oxygenation, therefore eliminating the need to use
livestock animals.
A subsidiary of Nestlé Purina dedicated to accelerating growth for new pet food and treat brands,
called 9-Square Ventures, co-sponsors the Pet Care
Factory's business
model works best
for companies
that earn at least
$2 million in annual
revenue, while other
programs prefer
working with
emerging startups.
Factory LLC
www.petfoodprocessing.net | 2019 | PET FOOD PROCESSING
63
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PET Food Processing - October 2019
Table of Contents for the Digital Edition of PET Food Processing - October 2019
Pet Food Processing - October 2019
Contents
Off the Leash - The intersection of industries
Industry Survey - Good problems
Statistics - By the numbers
Processor Profiles
Associations
Certifications - Living up to the label
Accelerators - On the fast track
Consultants - Tour guides
US Census - Just in
Ad index
PET Food Processing - October 2019 - Pet Food Processing - October 2019
PET Food Processing - October 2019 - Pet Food Processing - October 2019
PET Food Processing - October 2019 - 2
PET Food Processing - October 2019 - 3
PET Food Processing - October 2019 - 4
PET Food Processing - October 2019 - Contents
PET Food Processing - October 2019 - Off the Leash - The intersection of industries
PET Food Processing - October 2019 - 7
PET Food Processing - October 2019 - 8
PET Food Processing - October 2019 - Industry Survey - Good problems
PET Food Processing - October 2019 - 10
PET Food Processing - October 2019 - 11
PET Food Processing - October 2019 - 12
PET Food Processing - October 2019 - 13
PET Food Processing - October 2019 - 14
PET Food Processing - October 2019 - 15
PET Food Processing - October 2019 - 16
PET Food Processing - October 2019 - 17
PET Food Processing - October 2019 - 18
PET Food Processing - October 2019 - Statistics - By the numbers
PET Food Processing - October 2019 - 20
PET Food Processing - October 2019 - 21
PET Food Processing - October 2019 - 22
PET Food Processing - October 2019 - 23
PET Food Processing - October 2019 - 24
PET Food Processing - October 2019 - 25
PET Food Processing - October 2019 - 26
PET Food Processing - October 2019 - 27
PET Food Processing - October 2019 - 28
PET Food Processing - October 2019 - Processor Profiles
PET Food Processing - October 2019 - 30
PET Food Processing - October 2019 - 31
PET Food Processing - October 2019 - 32
PET Food Processing - October 2019 - 33
PET Food Processing - October 2019 - 34
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PET Food Processing - October 2019 - 40
PET Food Processing - October 2019 - 41
PET Food Processing - October 2019 - 42
PET Food Processing - October 2019 - 43
PET Food Processing - October 2019 - 44
PET Food Processing - October 2019 - Associations
PET Food Processing - October 2019 - 46
PET Food Processing - October 2019 - 47
PET Food Processing - October 2019 - 48
PET Food Processing - October 2019 - 49
PET Food Processing - October 2019 - 50
PET Food Processing - October 2019 - 51
PET Food Processing - October 2019 - 52
PET Food Processing - October 2019 - 53
PET Food Processing - October 2019 - 54
PET Food Processing - October 2019 - 55
PET Food Processing - October 2019 - 56
PET Food Processing - October 2019 - Certifications - Living up to the label
PET Food Processing - October 2019 - 58
PET Food Processing - October 2019 - 59
PET Food Processing - October 2019 - 60
PET Food Processing - October 2019 - 61
PET Food Processing - October 2019 - 62
PET Food Processing - October 2019 - Accelerators - On the fast track
PET Food Processing - October 2019 - 64
PET Food Processing - October 2019 - 65
PET Food Processing - October 2019 - 66
PET Food Processing - October 2019 - Consultants - Tour guides
PET Food Processing - October 2019 - 68
PET Food Processing - October 2019 - 69
PET Food Processing - October 2019 - 70
PET Food Processing - October 2019 - US Census - Just in
PET Food Processing - October 2019 - 72
PET Food Processing - October 2019 - 73
PET Food Processing - October 2019 - Ad index
PET Food Processing - October 2019 - 75
PET Food Processing - October 2019 - 76
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