PepsiCo(US:PEP) Prnewswire·2024-12-03 14:00Core Insights - PepsiCo announced ¡Ya Oaxaca! as the winner of the Greenhouse Accelerator Program: Juntos Crecemos Edition, which supports emerging Hispanic-inspired food and beverage companies [1][2] - ¡Ya Oaxaca! specializes in artisanal Mexican mole sauces, adobos, and salsas, and will receive a $100,000 grant to scale operations [1][3] Company Performance - ¡Ya Oaxaca! achieved a revenue growth of 350% and expanded retail distribution by 200% during the mentorship program [3] - The company was selected from eight finalists based on its application of mentorship learnings to enhance operational efficiencies and improve gross product margins [3][4] Program Details - The Greenhouse Accelerator Program provides finalists with a $20,000 grant and hands-on coaching from PepsiCo experts in various fields [3][4] - The program aims to address challenges such as brand awareness, go-to-market strategies, and supply chain issues for participating companies [3][4] Industry Impact - The success of ¡Ya Oaxaca! highlights the potential for innovation in the food and beverage industry, particularly through the introduction of bold flavors and new product variations [4] - The Greenhouse Accelerator has evolved since its inception in 2018 to assist entrepreneurs in sustainability and meeting consumer needs [4]