Grupo Bimbo Promotes Innovative Entrepreneurship

Mexico City – Grupo Bimbo, as part of its continuous pursuit for innovation and to promote the development of entrepreneurs and startups, presents Bimbo Ventures, an area especially dedicated to finding and driving high potential projects.

Bimbo Ventures, in alliance with BlueBox Ventures (the largest Latin American network of incubators, accelerators and corporate investment funds) created the accelerator ELEVA Food Technology Accelerator by Bimbo, an ecosystem offering startups the necessary elements to develop their projects.

ELEVA Food Technology Accelerator by Bimbo issued an invitation to receive innovation projects related to materials, food and new products, supply chain, automation and operations, distribution, payment methods and transactions, renewable energies and retail, among others.

The10 startups chosen to be part of ELEVA, will go into an acceleration stage for 16 weeks.

“Through Bimbo Ventures and ELEVA, we are offering startups with innovative and high potential initiatives the possibility to develop their projects hand in hand with Grupo Bimbo, through a comprehensive model that encompasses three fundamental aspects: mentoring, funding and trade alliances,” stated José Manuel Ramírez, Vice President of Bimbo Ventures.

To learn more about ELEVA Food Technology Accelerator by Bimbo, visit: www.bimboeleva.com

About Grupo Bimbo

Grupo Bimbo is the world’s leader in the baking industry. It has over 131 thousand associates in 2016, reached sales for 13.5 billion US dollars. It has 176 production plants and close to 1,700 sales centers strategically located in 24 countries around the world within four continents. It produces over 13 thousand products under more than 100 umbrella brands of reknown prestige in categories such as loaf bread, buns and toast bread. It also has a wide distribution network in the countries where it is present, which is one of the largest in the American Continent. Grupo Bimbo is listed in the Mexican Stock Exchange (BMV) under the BIMBO ticker. Grupo Bimbo restates its commitment with the environment through its environmental sustainability programs in all the countries where it has operations.

For additional information on Grupo Bimbo, please visit: www.grupobimbo.com

Look for us on Facebook: www.facebook.com/GrupoBimbo and Twitter: @GrupoBimbo

Source: Grupo Bimbo