SUBSCRIBE

Breaking News on Dairy Processing & Markets

Trends > Functional Dairy

Fonterra launches innovation partnership opportunities

Post a comment

By Jim Cornall+

13-Mar-2017
Last updated on 13-Mar-2017 at 12:25 GMT2017-03-13T12:25:44Z

Fonterra has launched a new project, Fonterra Ventures Co-Lab, to collaborate with potential innovators around the world. Pic:©iStock/NicoElNino
Fonterra has launched a new project, Fonterra Ventures Co-Lab, to collaborate with potential innovators around the world. Pic:©iStock/NicoElNino

New Zealand cooperative Fonterra has launched a new concept to drive collaborative innovation, Fonterra Ventures Co-Lab.

The open platform provides the opportunity for anyone, anywhere to collaborate with Fonterra on ideas ‘for mutual benefit.’

Individuals, small businesses or large corporates around the world can submit novel concepts that the Fonterra Ventures team will review and then potentially partner on to scale and succeed together.

Submissions could relate to any kind of innovation such as new business models, services, technologies or processes.

More value for farmers

Judith Swales, chief operating officer velocity & innovation, said Fonterra partners with businesses in New Zealand and across the globe, and is looking to join forces with them and others to accelerate growth and ultimately return more value to Fonterra’s farmers.  

“We’re also actively looking outside our organization and are open minded as to where that could lead us,” Swales said.

“Through Ventures Co-Lab, we want to collaborate with innovators to think big and win big, together.”

There is no set formula for the type of relationship to come out of Ventures Co-Lab, but the ultimate goal is to build long-term partnerships with companies that will work in synergy with Fonterra.

Using Fonterra’s existing reach

Successful applicants can tap into the cooperative’s global reach and know-how, while also receiving support from a dedicated team whose sole focus is to drive innovation.

“We know that innovation and disruption can come from anywhere,” Swales said.

The new project  states that those submitting ideas retain ownership of all protected intellectual property included in the application.

In the event that a proposal is accepted, individuals or companies will be required to enter into a mutually-agreed contract with Fonterra that will set out the how the parties will conduct themselves and collaborate, and each parties rights and obligations, including those in relation to the parties’ respective intellectual property.

Any improvements or amendments to the intellectual property that result from a collaboration with Fonterra is the property of Fonterra, unless otherwise agreed in writing.

Post a comment

Comment title *
Your comment *
Your name *
Your email *

We will not publish your email on the site

I agree to Terms and Conditions

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...