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Albertsons Companies (ACI) launches its 2nd Annual Innovation Launchpad competition, seeking emerging food, beverage, and pet product brands with $2-8 million in net retail sales. 50 applicants will present at Natural Products Expo West, with the top 3 winners receiving prizes valued at over $300,000. Last year's competition saw 900 applicants, with winners including Like Air Baked Puffcorn, Evive Smoothie Cubes, and Dream Pops Plant-Based Ice Cream.
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Grocer launches application process for innovative, disruptive brands
BOISE, Idaho--(BUSINESS WIRE)--
Albertsons Companies (NYSE: ACI) today launched its 2nd Annual Albertsons Cos. Innovation Launchpad competition. After a successful event last year, the grocer is once again in search of emerging brands representing food, beverage and pet products. Independent specialty and natural food brands between $2 million and $8 million in net retail sales are encouraged to apply for the opportunity to compete live at the Natural Products Expo West in California on March 12. The award ceremony will be held on March 13.
As part of the competition, 50 applicants will be chosen to present their brands to a panel of judges. The products should reflect areas such as functional beverage, hydration, low sugar or carb, high protein, global flavors, healthy snacking, healthy prepared meals and premium pet items. The top three winners will receive prizes valued at more than $300,000 total, including cash and industry services.
Last year, the competition generated more than 900 applicants with 47 selected to present their products to the judges. The three grand prize winners were Like Air Baked Puffcorn, Evive Smoothie Cubes and Dream Pops Plant-Based Ice Cream, and each brand received prizes valued at $170,000 including cash, services and industry recognition. In addition, 10 brands received appointments with Albertsons Cos.’ national team and data and consultation packages.
“The inaugural Albertsons Cos. Innovation Launchpad competition was such a fun, engaging and lively way for us to connect with new brands, and we had a tremendous response from entrepreneurs hoping to have their products spotlighted,” said Jennifer Saenz, EVP and Chief Merchandising Officer at Albertsons Cos. “We are so excited to host this event once again. The competition not only opens doors for these emerging brands, but also gives us the opportunity to discover new, innovative products for our customers.”
The top brands selected in this year’s competition will also be considered for distribution in Albertsons Cos. banner stores including Albertsons, Safeway, Jewel-Osco, Shaw’s, ACME, Pavilions, Kings Food Markets, Balducci's Food Lovers Market, Market Street and Haggen.
Applications for the Albertsons Cos. Innovation Launchpad are being accepted now through Jan. 19. For more information on the competition or to apply, visit launchpad2024.powerappsportals.com.
About Albertsons Companies
Albertsons Companies is a leading food and drug retailer in the United States. As of September 9, 2023, the Company operated 2,272 retail food and drug stores with 1,726 pharmacies, 401 associated fuel centers, 22 dedicated distribution centers and 19 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2022, along with the Albertsons Companies Foundation, the Company contributed more than $200 million in food and financial support, including more than $40 million through our Nourishing Neighbors Program to ensure those living in our communities and those impacted by disasters have enough to eat.
What is the Albertsons Companies Innovation Launchpad competition?
The Innovation Launchpad competition is an annual event hosted by Albertsons Companies, seeking emerging food, beverage, and pet product brands with $2-8 million in net retail sales.
When and where will the Natural Products Expo West take place?
The Natural Products Expo West will take place in California on March 12, with the award ceremony on March 13.
What are the criteria for brands to apply for the competition?
Independent specialty and natural food brands between $2 million and $8 million in net retail sales are encouraged to apply, with products reflecting areas such as functional beverage, hydration, low sugar or carb, high protein, global flavors, healthy snacking, healthy prepared meals, and premium pet items.
What are the prizes for the competition winners?
The top three winners will receive prizes valued at more than $300,000 total, including cash and industry services.
Where can brands apply for the Innovation Launchpad competition?
Brands can apply for the competition at launchpad2024.powerappsportals.com until Jan. 19.
