Nestlé`s R&D Accelerator Program: Driving the Future of Innovation in the Food Sector
| Case Code: LDEN180 Case Length: 7 Pages Period: Pub Date: 2022 Teaching Note: Available |
Price: Rs.300 Organization : Nestle Industry :Food & Beverage Countries : Switzerland Themes: Innovation, Sustainability , Emerging Technologies, |
Abstract Case Intro 1 Case Intro 2 Excerpts
Excerpts
Need for Innovation in the Food Sector
With the ever growing population across the globe, providing nutritious food to the masses was a challenge which every government had to face. The scale of the challenges faced could be gauged by the fact that the world’s population was expected to touch 10 billion by 2050 and most of the people suffered from malnutrition, hunger, and micro-nutrient deficiencies. There was an increased demand for food products which were natural and authentic and made from plant based substitutes. Increased consumer preferences for sustainable and environment friendly food products were driving innovation in the food sector and Nestlé was striving to be on top of that trend..
Nestle’s Accelerator Program
The global R&D accelerator at Lausanne was located in Nestlé Research, which was the main research center of the company and employed 800 people. The entire innovation ecosystem had skilled personnel with expertise in food and nutrition..
Ingenius– The Employee Innovation Accelerator
InGenius was Nestlé’s employee driven innovation accelerator to help develop ideas into business opportunities. The innovation platform was used to promote intrapreneurship and tap the employees’ creativity..
henri@nestle
HENRi@NESTLE (HENRi) was the open innovation platform of Nestlé that connected the company with entrepreneurs and innovators across the world. The objectives of HENRi were to enhance lives and contribute to a healthier future for all. HENRi collaborated with ambitious start-ups to create solutions for the problems pertaining to nutrition, health and wellness, and sustainability across the globe..
Launch of Innovative Products from R&D Accelerator
In September 2020, Nestlé launched a plant based bacon cheeseburger (PB Triple Play) in the US on the occasion of National Cheeseburger Day at the University of Massachusetts. The PB Triple Play was developed in-house within ten months by Nestlé food scientists, culinary chefs, and product developers and was a joint collaboration to get the right texture, appearance, good nutritional profile, and taste..
Innovations to Drive The Future
In its endeavors to fulfill the wishes of its vegan fans, Nestlé planned to introduce a vegan KitKat chocolate in 2021. The new vegan KitKat was named ‘KitKat V’ and was poised to be launched across the world in the latter part of 2021..
Exhibits
Exhibit I: Success Stories of HENRi
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