Business

Mondelez partners with food business incubator

Posted March 21, 2019 1:00 am

DEERFIELD - Mondelez International said it will form a partnership with The Hatchery Chicago, a nonprofit food business incubator, part of the global snacks company's SnackFutures research and development initiative.

Mondelez will work with The Hatchery Chicago to offer educational opportunities and mentorship to entrepreneurs active in Chicago's food and drink scene, the company said in a release. One of the largest food-releated incubators in the U.S., The Hatchery helps local entrepreneurs build and grow successful food and beverage businesses. Located in Chicago's Garfield Park neighborhood, the startup provides job training and placement programs for entrepreneurs.

"At The Hatchery Chicago, we believe collaboration accelerates innovation and increases the rate of success for companies - big and small," said The Hatchery Chicago CEO Natalie Shmulik.

Tim Cofer, executive vice president and chief growth officer of Mondelez, added the partnership "will help us push the boundaries of what is possible in snacking as we continue to build our ecosystem of partners while also giving back and offering guidance to new companies."

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