Fazer Seeks to Build Innovation Ecosystem

99259a7d-faf2-4299-a0c1-2388d0ff6538articleimage.jpg

13 Jul 2017 --- Fazer are promoting renewal within the food industry and is inviting players in the field to build a future innovation ecosystem. Cooperation between start-ups, investors, researchers and big organizations creates new growth opportunities for the entire food industry.

A lot of interesting development renewing the food industry has taken place in Northern Europe during the past few years, for example different kinds of food waste services and plant-based solutions. To support food industry renewal, Fazer has developed an open innovation ecosystem around its Brainhow research and development program, comprising researchers, start-ups and large companies. Fazer has also successfully organized hackathons to promote brain well-being and to develop new plant-based solutions.

“A more open and collaborative innovation approach can produce cross-disciplinary new growth opportunities for the entire food industry. We are now inviting companies and other players in the field to come together and build a new ecosystem to enable the renewal of the food industry. Together, we can promote socially significant and sustainable innovations,” says Christoph Vitzthum, President and CEO of the Fazer Group.

Fazer wants to co-create a globally interesting innovation platform around food and food technology in Northern Europe. The aim is to bring new and internationally interesting innovations to market more quickly by combining the resources of the different players.

“The food industry, particularly in Northern Europe, lacks an ecosystem which targets on open and genuine co-creation. Through open cooperation, we are enabling new collaboration models and cross-disciplinary encounters to spark innovation. An open culture and increased cooperation already have enriched our thinking and made our operations more agile,” says Päivi Juolahti, Head of Renewal in Fazer Group.

Through the new innovation ecosystem, Fazer offers start-ups and new entrepreneurs opportunities to grow, collaborate and network, as well as strong know-how in the area of consumer behavior and nutrition. The innovation ecosystem offers larger partner companies and other parties’ opportunities to network and find collaboration partners as well as to conduct discussions to promote development and to increase the global impact and social significance of innovation.

Fazer invites players interested in renewing the food industry, from large companies to start-ups, researchers and capital investors, to take contact at www.fazergroup.com/openinnovation. The players will be able to discuss the renewal of the food industry and build a new food innovation ecosystem at an event to be organized in November 2017.

Fazer has reshaped the traditional food industry with product innovations, such as the root vegetable bread, where 30 per cent of the flour was replaced by greens. 

Related Articles

Food Ingredients News

Superfoods: (Part 1) The evolution of nutrient-rich food for health-conscious consumers

17 Oct 2017 --- Superfoods can be classified as foods that are superior in terms of their nutritional value or nutrient-rich food considered to be especially beneficial for health and well-being. Even small portions of some superfoods can supply an abundance of vitamins, minerals, proteins, antioxidants and more. Many superfoods contain extraordinary characteristics that can have a variety of health benefits from boosting immunity, treating illness/disease, reducing blood pressure, cutting sugar intake, lowering cholesterol and more.

Business News

Hershey eyes Nestle's US confectionery business as potential bidders line up

17 Oct 2017 --- Four months after Nestlé began to explore options for its US confectionery business, including a potential sale, the company is drawing interest from a range of possible buyers including Hershey’s, which is reportedly preparing a bid. According to US media reports, the chocolate giant is expected to compete against other companies and private equity firms and the first-round bids for the Nestlé business are due later this week. 

Business News

UCL study urges European Commission to block Bayer Monsanto merger

17 Oct 2017 --- The so-called mega-merger planned between seed giants Bayer and US-based Monsanto should be blocked under EU competition law, according to a major new study from University College London. Released yesterday (October 16), on World Food Day, the authors of the report claim that the European Commission should be obliged to block the merger, which is currently under an in-depth investigation, even on a narrow reading of EU competition law.

Business News

Danone reports accelerated sales growth in Q3, driven by demand for infant formula in China

17 Oct 2017 --- The world’s largest yogurt maker, Danone, has reported better-than-expected Q3 sales results with a 4.7 percent increase, driven by the demand for infant formula and water products specifically in China. The performance came above the company-compiled average of analyst estimates for 2.8 percent growth in group sales. The dairy business improved in the US, where the integration of its acquisition of WhiteWave remained on track. The company also reiterated its full-year guidance. 

Food Ingredients News

World Food Day: FAO addresses food security concerns as global population swells

16 Oct 2017 --- As a way to mark World Food Day 2017 (October 16), the Food and Agriculture Organization of the United Nations (FAO) is working with governments, UN agencies, the private sector, civil society and local communities, to generate evidence on migration patterns. The agency is also building countries’ capacities to address migration through rural development policies as it supports governments and partners as they explore the developmental potential of migration, especially in terms of food security and poverty reduction.

More Articles