Accelerating Innovation
Establishing incubators and accelerators to nurture entrepreneurial ambitions is paying off for food industry giants as well as the disruptive start-ups that they are supporting.
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Joyce Zhu used an old family recipe to concoct a candy she calls “Asian nougats” out of egg whites, peanuts, dried cranberries, butter, and milk powder. As she was still working out initial production and distribution arrangements for Nüma Milk Chews, Zhu entered the second class of start-ups at the Land O’Lakes incubator program in Minnesota last summer.
The 24-year-old management consultant went home to New Jersey a ball of enthusiasm. “The experience and the wealth of knowledge would have been…
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