Tyson Foods, startup incubators to shape the future of food
The partnership will combine Tyson’s expertise with the energy, innovation and entrepreneurialism of startup culture.
Tyson Foods, Springdale, Ark., announced an agreement to work with two business incubators, Plug and Play, Sunnyvale, Calif., and 1871, Chicago, to develop the future of the industry by combining Tyson’s expertise with the energy, innovation and entrepreneurialism of startup culture.
“Our collaboration with Plug and Play and 1871 are examples of how we are adopting new growth models to innovate faster than consumers and markets are changing,” says Sally Grimes, group president prepared foods, Tyson Foods. “By partnering with these organizations and combining Tyson Foods’ resources, capabilities and team members with the energy and innovation coming out of Silicon Valley and Chicago, we can have a positive impact on the industry and the food system.”
Plug and Play is a global innovation platform that will help match Tyson Foods with new businesses in the startup community.
“Working with Tyson Foods means that we can create greater collaboration opportunities for food startups with an emphasis around solutions that have a positive impact on our food system,” says Michael Olmstead, chief revenue officer of Plug and Play. “The Tyson Foods team brings depth and breadth of experience that entrepreneurs will value, and together, they will look toward solving for the future of food.”
1871, known as the “hub” of Chicago’s “thriving technology and entrepreneurial ecosystem,” gives Tyson Foods unparalleled access to a community of entrepreneurs working toward building a better and more sustainable future. This partnership enables Tyson Foods to further its commitment to creating a more sustainable food system that can feed an ever-growing population around the world.
“Our corporate partners play a major role in supporting 1871’s mission to serve Chicago’s entrepreneurs and elevate its economy,” says Howard Tullman, chief executive officer of 1871. “We look forward to working with Tyson Foods to foster greater innovation within Chicago’s entrepreneurial ecosystem. This partnership speaks highly to its ongoing commitment to drive real growth and encourage new thinking.”