Home » SNX ‘SNAC Tank’ Competition To Award $10,000 To Most Innovative

SNX ‘SNAC Tank’ Competition To Award $10,000 To Most Innovative

SNAC

SNAC International is hosting SNX, its education and networking forum for snack producers and suppliers, on March 29 in Phoenix, Arizona.

The forum will include SNAC Tank, a “Shark Tank” style competition, featuring a live audience. The competition will feature guest judge and keynote speaker Rohan Oza, founder and managing partner of CAVU Ventures, a consumer-focused investment firm.

“The snacking sector is one of the most competitive and innovative arenas in business,” said SNAC President and CEO Elizabeth Avery. 

“And our SNAC Tank competition is designed to highlight and reward the most innovative products being developed by the savviest entrepreneurs and the most creative companies in the consumer-packaged-goods marketplace today,” Avery said.

Oza has worked for global food and beverage companies and brands, such as Mars, Coca Cola, Vitaminwater, Bai Brands and Bulletproof Coffee. Oza’s current firm, CAVU Venture Partners, specializes in taking brands to the next level and has partnered brands like Hippeas, Popchips, One Bar and Skinny Dipped.

As a guest shark on ABC’s “Shark Tank,” Oza invested in current SNAC member Jackson’s Chips. Dubbed “Hollywood’s Brandfather” by The Hollywood Reporter, Oza is a global pioneer in celebrity equity deals and is known for transforming groundbreaking consumer products into household names.

Applications for SNAC Tank are being accepted through Feb. 4. Those interested must complete an application form and submit a two-minute video pitch. Five finalists and five additional semi-finalists will be selected by Feb. 28. 

The finalists will be invited to pitch their brand to an expert panel of food industry judges, and all 10 brands will be invited to showcase their products to all in attendance at the SNAC Tank Showcase at SNX. Following live pitches on March 29, a winner will be chosen by the judges and the votes of audience members.

In addition to the $10,000 grand prize, the winning company will gain exposure to executives from U.S. and global food companies, as well as promotional activity in traditional print and digital media as well as through social media, provided by SNAC International. 

The second biennial SNAC Tank is being held at the introductory SNX forum. The event serves as a laboratory for ideas that help SNAC members serve their consumers faster and better than ever before. 

SNX has an line-up of expert speakers, thought leadership content and networking sessions designed to foster collaboration and provide individuals and companies with the tools they need to meet their goals for 2022 and beyond. 

“SNX and SNAC Tank are perfect together. They symbolize our sector’s strong commitment to providing consumers with the products they want, while doing business in a responsible way that makes the world a better place,” he said.  
SNAC International (formerly Snack Food Association) is an international trade association for the snack industry representing more than 400 companies worldwide, including suppliers, marketers and manufacturers. 

Upon its three pillars of education, advocacy and networking, SNAC is committed to connecting the snack industry to create growth and opportunity. For more information, visit snacintl.org.  

Sponsored by SNAC International and held on an every other year rotation with SNAXPO, the SNX Education and Networking Forum offers venues for private business meetings between producers and suppliers. SNX also features an interactive Experience Zone, allowing for informal networking and learning opportunities at each step of the snack production process, as well as an Education Arena where thought leaders will discuss the industry’s most pressing topics. For more information, visit snxevent.com.

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