The current economic climate has put a severe damper on innovation, some in this industry have asserted. But hope springs eternal, and especially now in the dietary supplements and functional foods space. Forward looking companies, like Roquette America, are investing now to drive innovation in the future.
Last Wednesday Roquette announced the opening of a new innovation center in Geneva, Ill., in the far west suburbs of Chicago. The center will offer customers the opportunity to collaborate with company experts to develop new product prototypes and reduce time to market.
The center will serve customers in the nutrition and nutraceutical space, but will also serve customers in the pharmaceutical and biochemical market sectors. In areas in which capabilities and needs overlap, it's a way to make dollars invested into innovation go further.
The company had already been offering a service it called Roquette University, an intensive training suite on new formulations and applications. The new innovation center complements existing centers in Europe and Asia.
Roquette’s news comes on the heels of the opening of DSM Nutritional Products’ new innovation center in Parsippany, N.J. in May. DSM’s facility has similar capabilities and goals.
So innovation may have been a little under the weather the past few quarters, but reports of its death are premature. Which is why New Hope Natural Media is offering Engredea365, the premier virtual trade event for ingredients and innovation scheduled for Sept. 29. Register now for this free day-long event which includes a keynote address from Dr. Vijay Govindarajan, author of the best selling book The Other Side of Innovation: Solving the Execution Challenge.