Chipotle's Caitlin Leibert on Company's New Accelerator Program
*By Carlo Versano*
Chipotle Mexican Grill is launching an incubator for food start-ups that are developing technology to solve major issues of sustainability in farming, agriculture, and waste.
The Chipotle Aluminaries Project will select eight ventures for a seven-month accelerator program under the direction of the company's non-profit arm, director of sustainability Caitlin Leibert said Friday in an interview on Cheddar.
Non-profits and for-profits are both welcome to apply come September, and the selection committee will choose organizations that excel in alternative farming, new agricultural tech, waste solutions, and plant-based proteins.
Impact and scale are key, Leibert said.
"We're not looking for micro," she said. "We're looking for macro."
The program will include a week-long boot camp, where industry leaders will mentor participants who "leave that week with a plan to scale," Leibert added.
The Aluminaries Project, which begins accepting applications Sept. 12, is part of Chipotle's new plan to bring the chain back from a string of health issues and marketing flops, going back to the 2015 E.coli outbreak that devastated the company.
CEO Brian Niccol, who was poached from Taco Bell and took over the company in March has attempted to breathe fresh air into Chipotle's famously restrained menu. He successfully tweaked the recipe of the heavily marketed Queso dip after customers called it ['expired Velveeta'] (https://www.businessinsider.com/chipotle-queso-driving-sales-2018-7), launched a buzzy guacamole promotion, and is now experimenting with adding bacon and nachos to some markets.
While the stock is up a staggering 80 percent this year, Chipotle is not out of the woods yet. Earlier this month it was dinged by reports that hundreds of customers were sickened after eating at one of the chain's Ohio locations.
Chipotle said last week that it will retrain its entire staff at all 2,500 locations on food-handling rules.
For full interview [click here](https://cheddar.com/videos/chipotle-launches-aluminaries-project).
BiggerPockets Money podcast is now available on Cheddar Wednesdays at 10am ET! Mindy Jensen shares how her podcast is helping people gain financial freedom.
The social video platform's future remains in doubt, as players scramble to profit from the chaos. Plus: Big oil gets bigger, DOGE downsizes, and tariffs!
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."
J.W. Roth, CEO of Venu Holding Corporation, discusses the company's IPO and plans to redefine live music entertainment with their fan founded, fan-owned model.