Pepsi thinks they can change the world with the help of Change Agents across the globe. I agree.
Instead of dumping $20 million into a couple thirty-second ads, they launched the Pepsi Refresh Campaign and are giving the money to the global community to support projects to make our world healthier, greener, smarter and better (all you Change Agents reading this--please sign up your projects because you can get funding!!!).
This campaign will connect Pepsi to the issues Change Agents and their followers care about. It looks like a win-win deal. We'll see how it plays out. Individuals with fresh ideas to solve the world's most seemingly intractable problems can win money to start new projects or keep their projects going.
What's Pepsi's horse in this race? It will earn credible clout in the environmental and social space. By association, and because they are supporting the projects, they will have the opportunity to take on the characteristics of many of the world’s most exciting problem-solvers.
Our hope is that Pepsi’s campaign will help Change Agents raise awareness for their projects while building and growing a movement for their work around their world. Perhaps Pepsi's help to get them started will cause a ripple effect of resources and people who will get involved and support those funded.
The biggest benefit I see from the project, beside the projects themselves, is the ability to grow momentum as these Change Agents tell their stories from the front lines with people across the globe. Digital story-telling and support-building tools are perfect for this kind of initiative, but it is unclear whether Pepsi plans to harness this power. The ability for Pepsi to help these Change Agents broadcast their stories across the social graph has the potential to inspire a chain reaction of projects by others around the globe. We'd certainly love to help in this regard :)
Larger-than-life personalities, breathtaking stories, exciting locations, real impact. Beyond the funding, that's what Pepsi Refresh should bring to this project!

January 20, 2010 - 5:39pm