CHICAGO, September 6, 2024 /3BL/ – Mondelēz International, Inc. (Nasdaq: MDLZ) announced 10 companies selected for its second CoLab Tech program, an accelerator led by the global snack company’s research and development team. This year’s cohort represents technologies that can help advance the future of snacking in areas such as cocoa processing solutions, well-being snacks and ingredients, more sustainable packaging and manufacturing, and elevated sensory experiences.
Development of innovative technologies is important as consumers increasingly prioritize snacking. Mondelēz’s 2024 State of Snacking Report revealed that, over the last five years, six in 10 consumers increasingly prefer snacks to traditional meals. With demand for snacking anticipated to continue to grow, new and innovative technologies are important catalysts to help maintain and drive continued growth. CoLab Tech was created to help Mondelēz advance its “Vision 2030” growth agenda by identifying emerging technologies with new capabilities and helping accelerate and scale those technologies for possible future use by the company in its mission to lead the future of snacking.
“As one of the world’s largest snack companies, we are thinking creatively – including by seeking access to the newest technologies – to be ready and able to meet the opportunities we see coming in snacking,” said Ian Noble, Vice President for Global Ingredient Research & Development at Mondelēz International. “This year’s CoLab Tech cohort brings exciting, disruptive technologies across the entire value chain. We are very eager to work with and learn from them, while also providing the resources and expertise that can help enable them to grow and scale.”
This year’s CoLab Tech program received nearly 100 applications from all over the globe. The 10 companies selected include:
Bread FreeEnginzymeEnjayhs-tumbler GmbHKokomodoLuminescentOutlander MaterialsSavorTasteomicsYangi
The cohort will participate in an 8-week curriculum that includes hands-on experiences, virtual sessions, 1:1 mentorship and access to Mondelēz International’s global network of partners and experts. Learn more at snackfutures.com.
About Mondelēz International Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2023 net revenues of approximately $36 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate’s Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.
Forward-Looking Statements This press release contains forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “plan,” “continue” and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements of belief or expectation and statements about Mondelēz International’s leadership position in snacking. These forward-looking statements are subject to change and to inherent risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results or outcomes to differ materially from those projected or assumed in these forward-looking statements. Please also see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to Mondelēz International or which it currently considers to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in any forward-looking statements it makes. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
