Givaudan wants to enable quicker innovation and market access for start-ups – and it’s partnering with Buhler to do it
Givaudan, the world leader in fragrances and flavours that’s behind many of the everyday tastes and scents we come into contact with, is passionate about start-ups. Specifically, it wants to help new players innovate and reach market more quickly – and it’s partnering with global food processing solution market leader Buhler to make it happen.
Givaudan’s share price has risen by 17% so far this year
Source: Yahoo Finance
In a statement this month, the two companies said that they would support start-ups which offer solutions to deliver “safe, affordable, nutritious and delicious food that, if scaled globally, will contribute to feeding 10 billion people by 2050.” The companies want to share knowledge and increase access to world-leading innovation platforms by hosting and mentoring entrepreneurs at their new innovation centres in Switzerland. Both Givaudan and Buhler say this will help founders scale up promising businesses quicker than ever before.
Fabio Campanile, Givaudan’s head of flavours science & technology, made the following comment in a press release: “As part of our strategy of collaborative innovation, we are delighted to partner with Buhler to help food start-ups succeed in bringing to market solutions that address our global food challenges. Our brand new Zurich Innovation Centre provides the perfect environment for outstanding start-ups to collaborate and access Givaudan’s world leading technology, expertise and capabilities.”
This is not the first time Givaudan and Buhler have worked together. They noted that for this project, a particular interest was supporting solutions in a number of areas, including alternative proteins, ingredients with proven health and nutrition benefits, and food safety (amongst others).
Buhler’s chief technology officer, Ian Roberts, added: “Our recently inaugurated innovation campus, the CUBIC, with collaboration spaces, laboratories and technology and scale-up facilities complements the new Givaudan facility. With our global presence, sales networks, digital platforms and brand strength we are convinced that, together, we can offer an unrivalled scale up partnership for start-ups. We consider that Switzerland can be a global leader in the food and agricultural space and we see this latest collaboration as an example of how we can achieve this.”
Dominion holds Givaudan in its Global Trends Managed Fund.
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