When PepsiCo’s acquisition of Pioneer Foods in March 2020 was finalized, PepsiCo agreed to a number of Public Interest Commitments, with the overarching goal of driving economic growth. One such commitment was the launching of a Development Fund, with an initial investment of R600 million in order to enhance effective, market-driven programs, co-create innovative solutions alongside key partners and scale the impact through catalytic investments.
To address knowledge and skills gaps across the South African food system (e.g., applied agriculture R&D, climate resilient crop development, capacity-building in STEM professions, circular economy business models, nutrition science).
To tackle local development challenges faced by black emerging businesses in the food & beverage value chain and strive for tangible impact that affects large-scale change. We will achieve this by providing competitively priced funding for: