FONTERRA LAUNCHES INNOVATION PROGRAMME

Fonterra New Zealand has announced a new avenue for support for entrepreneurial individuals and businesses. The open platform will provide the opportunity for anyone to collaborate with Fonterra on ideas the mutually benefit each party.

The initiative, called the Ventures Co-Lab, is a platform for the submission of potentially game-changing concepts. Submissions could relate to any kind of innovations such as business models, services, technologies or processes.

“Fonterra is fortunate to partner with some brilliant businesses in New Zealand and across the globe and we’re looking to join forces with them in increasingly innovative ways to accelerate growth,” said Judith Swales, Chief Operating Officer of Velocity and Innovation.

“We’re also actively looking outside our organisation and are open-minded as to where that could lead us. Through Ventures Co-Lab, we want to collaborate with innovators to think big and win big, together.”

There is no one intended outcome from the Ventures Co-Lab – rather, Fonterra is looking to build long-term relationships with companies that work in synergy.

The Ventures Co-Lab can be found at www.fonterraventures.com