Developing an R&D Strategy

Transcription

1 Corporate slide master NutriWales Meeting Cardiff City Stadium With guidelines for corporate presentations Developing an R&D Strategy Chris Price-Jones

2 Corporate Innovation slide ma Model With guidelines for corporate presentations Goffin and Mitchell, 2005

3 Corporate slide master Timing & Planning With guidelines for corporate presentations

4 New Products Where do you want to be? New Markets New Market Penetration Sell More in Current Market Diversification Too Radical? New Product Development

5 Case Study TasteTech Ltd

6 Improving R&D Capabilities

7 Content Company Overview Encapsulation Technology R&D at TasteTech pre 2014 Creating a Research & Development Strategy Funding R&D Project Case studies

8 Company Overview A leader in the field of microencapsulation technology established 1992 Specialist manufacturer of controlled release food flavourings and ingredients Flavour house develop our own flavourings Partnership with customers to solve technical and manufacturing issues Providing solutions to food manufacturers worldwide Prerequisite quality accreditations

9 Exporting to 38 countries

10 Encapsulation Technology Platforms

11 Platforms + Benefits Spray Drying Lipid Encapsulation Fluid Bed Coating Pilot and Small Order Plants Why Encapsulate? Creating a barrier between incompatible substances Reducing odour and taint on plant Achieving controlled release of flavour and function Taste masking Targeted delivery Turning a liquid into a powder with specific properties

12 R&D at TasteTech pre 2014 Reactive waiting for the next enquiry Little study of why and how products worked Limited resources Out of touch with market requirements No real long term NPD / R&D plan or strategy Many good ideas but lack of prioritisation and focus Also true for other departments

13 Creating a Structure for Change BIC Innovation Innovation Strategy Creation of a more market focused company structure R&D structured to focus on opportunities for technology platforms Rolling 5 year R&D strategy developed and ratified Support of focus markets BUT explore opportunities in new markets: Human nutrition Oral care Animal Feed Pharmaceutical Continuous review of funding: Tax Credits; Grants; Chargeable R&D

14 Core Markets Focus

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16 Obtain Funding

17 R&D Project Case Studies WEGF Improved Bread Preservation Encapsulated Sorbic Acid I4G Flavour Sensations New Encapsulation Technology Platform

18 Improved Bread Preservation WEGF funding enabled the recruitment of staff to create the restructure Two food technologists Analytical Chemist R&D Administrator Product Manager Project to optimise Encapsulated Sorbic Acid for bread preservation Rigorous testing of products: Cardiff Met Food Centre; Campden BRI Funding assisted with equipping of Bakery and Analytical laboratories 2 new products launched so far - 10 MT produced for major UK bakery White paper published

19 SorbicPlus Encapsulated Sorbic Acid Sorbic Acid Crystals

20 New Flavouring Encapsulation Platform Funding under I4G enabled development of a 30 year old idea Recent developments in carbohydrates allowed new barrier development Applications: Chocolate burst release of flavour upon consumption Biscuit cream burst release of flavour on consumption Chewing Gum less flavouring lost into the gum base Advantages include minimal odour but spectacular flavour release Proving to be very effective in these and other applications First order for pre-production tests received last week!

21 New Flavouring Encapsulation System

22 R&D To Infinity and Beyond!

23 Peter Sargent Head of Research & Development Tel: Mobile: Wilverley Industrial Estate Bath Road Brislington Bristol BS4 5NL United Kingdom

24 Where do we start to develop an R&D strategy - Engage with NutriWales Engage with EEN Use Innovate 2 Succeed programme. R&D tax credits may be a way to help to cover support & facilitation when projects are identified.

25 Corporate slide master With guidelines for corporate presentations Contact NutriWales through - Chris.Price Jones@bic-innovation.com Linda.Grant@bic-innovation.com

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32 Corporate slide master With guidelines for corporate presentations