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Nestlé Youth Entrepreneurship Platform launched under company’s Global Youth Initiative
Nestlé today launched the Nestlé Youth Entrepreneurship Platform (YEP), a new digital platform for young innovators and entrepreneurs who want to learn new knowledge and skills, test an idea or grow their businesses, in areas ranging from food science and technology to the development of products and services – including regenerative agriculture and sustainable packaging.
The YEP – which is part of the company’s Global Youth Initiative – brings together all Nestlé’s existing innovation initiatives and programs in one place. The platform gives young innovators access to The Nestlé Entrepreneurship Academy plus dedicated programs to grow knowledge, learn new skills and gain experience. It also offers customized content and resources from specific geographies.
Stefan Palzer, Nestlé CTO, said, “At Nestlé we work with startups, entrepreneurs, innovators and researchers to drive innovation, bring good ideas to market fast and provide nutritious, sustainable and affordable products for a growing world population.”
“Our new digital platform supports young people to bring great ideas to life across the food value chain, shaping the future of food!”
Key programs available on Nestlé’s Youth Entrepreneurship Platform include Nestlé R+D Accelerator under which entrepreneurs can apply for challenges at one of Nestlé’s 12 Accelerators across the world, to focus on developing disruptive food and beverage innovations and bringing them to market in six months. Participants can work together with Nestlé’s R&D experts from around the world, such as food technologists, nutritionists, regulatory and food safety experts, designers and packaging experts. Each team also receives hands-on support from dedicated innovation coaches and mentoring from Nestlé’s senior management.
The platform also includes Purina Unleashed which is the first and only pet care program designed to identify and support innovative start-ups, focused on leveraging technology to improve the lives of pets and owners.
The platform also comprises numerous Nestlé market initiatives. For example, Ignite Ideas (Nestlé Hellas) supports startups and individuals; Reto Culinario (El Salvador), is an entrepreneurial contest and TV show that showcases youth culinary innovation; CEO X Youth Connect (East and Southern Africa), enables young people to engage with CEOs of large companies active in Nestlé’s Alliance for YOUth.
According to the International Labor Organization (ILO), two out of every five young people are either unemployed or have a job that keeps them in poverty. For this reason, Nestlé launched Nestlé Needs YOUth in 2013. The company’s Global Youth Initiative helps young people gain the skills they need to thrive in tomorrow’s workplaces. Around the world, it has benefited more than 4 million young people across the three pillars, employability, agripreneurship and entrepreneurship.
Entrepreneurship can be a positive choice, a means of unlocking innovation, skills and energy to drive economic and social progress. Through the new platform, Nestlé is encouraging this, and is investing in early-stage companies and helping young entrepreneurs to put their ideas into practice.
“Young entrepreneurs need guidance, support, and above all, opportunities and platforms where their voices can be heard and their ideas realized. This includes building their knowledge and skills, testing their ideas in real-life situations, getting feedback from their audiences and receiving support to take their concept to the next level” said Laurent Freixe, Nestlé’s CEO for Latin America and founder of the Nestlé Needs YOUth initiative.
“The Nestlé Youth Entrepreneurship Platform will help equip them with the skills, experience and mindset they need to kick-start their idea and business.”
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