Food Ingredients Giant Launches Dedicated Open Innovation Portal
Tate & Lyle PLC, a British-based global supplier of ingredients to the food and beverages industry has announced that it is launching a new open innovation web portal.
The aim is to encourage start-ups, universities and companies specializing in food science to submit pitches that are aligned with the organization’s innovation needs. These are in sweeteners, texturants and health and wellness.
The new open innovation portal can be found here.
This isn’t the company’s first foray into open innovation as it regularly screens partners and technologies. It’s a highly focused approach that fills gaps and needs in identified areas, not a random sweep to see what’s out there. Since the open innovation team formed in 2010 a number of deals have been struck.
An insight into Tate & Lyle’s approach to open innovation can be read in this interview that Mike Golembieski, Tate & Lyle senior vice president of development gave to Food Navigator USA.
Creating Win-Win Scenarios
The new open innovation portal will allow potential partners to submit ideas quickly and easily, and ensure that they end up on the right person’s desk.
John Stewart, Open Innovation Manager at Tate & Lyle said: “We value our partnerships enormously but also understand that approaching large corporations with a new innovation can be daunting.
“This is why Tate & Lyle has a small, dedicated team to help with the process. Our new website enables potential partners to submit ideas quickly and easily and for innovators to work with us to create long-term win-win relationships.”
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