Accelerating our Ecosystem to design a Smoke-Free Future.
Philip Morris International (PMI) built the world’s most successful cigarette company. Now, they have made a bold decision to commit our future going smoke-free.
With emerging technological advances and a combination of expertise and innovation, they have been able to develop the future of tobacco products. It is the burning of tobacco that generates smoke and the vast majority of harmful toxicants generally associated with smoking-related diseases. Smoke-free products, backed by science, offer a promising way to reduce the risk of harm for those who would otherwise continue to smoke. This is why, for over a decade, they have been working on, and investing in, the research and development of smoke-free products that do not burn tobacco and therefore are potentially much less harmful than smoking.
The PMI Open Innovation Challenge is an ideation competition that Philip Morris Asia Limited (PMAL), PMI’s affiliate in Hong Kong, developed in partnership with PMI corporate venture capital fund – PM Equity Partner. The purpose of the challenge is to create potential short-term collaborations and long term partnerships with start-up businesses across Asia in order to accelerate PMI’s eco-system to create a smoke-free future.
Through this challenge, we invite the best start-ups of different stages and sectors to propose their ideas to potentially win a cash contribution and be considered for equity investment or contractual partnerships and to realize or improve their products with PMI.
How, as a startup, can you make an impact on improving the eco-system and thereby contributing to PMI’s value chain or vision for smoke-free future?
We are interested in technologies that improve our understanding of and access to different consumer segments through consumer-centric data insights, innovative credit facilities, retailer financing options, etc.
USD 30,000 Cash Contribution, USD 20,000 Cash Contribution , Consideration for equity investment , Receive mentoring and networking opportunities with the PMAL and eligible for short-term collaboration opportunities