The Global Search for Innovation allows selected companies and organizations to work with PLT’s scientific, regulatory, intellectual property, product development and sales experts to help advance the market-readiness of their concepts and create commercialization strategies that deliver market penetration and profitability. In this third edition of the PLTNEXT Global Search, PLT is emphasizing companies that work in the sports nutrition space as well as clean label ingredients. The Global Search for Innovation is open to university research programs, early-stage or regional companies and other ingredient/technology developers—anywhere in the world. This round of PLTNEXT is open from March 15 to June 15 of this year. Interested parties can apply at PLT’s website www.PLTNEXT.com.
According to Devin Stagg, vice president, strategy & business development at PLT Health Solutions, PLTNEXT is the company’s on-going business-wide commitment to innovation in the health and wellness space. “In North America and around the world, PLT Health Solutions has a reputation as an ingredient innovator with consumer products companies. What distinguishes our efforts, however, is the comprehensive vetting of ingredients for their scientific, regulatory and quality systems readiness and our ability to bring buttoned up solutions to our customers. The PLTNEXT Global Search for Innovation is all about putting this infrastructure and expertise to work for the introduction of promising new ingredients and technologies.”
Broad-Ranging Search for Innovation
In this current round, PLT is encouraging applications based on any ingredient or technology that supports healthier or natural solutions that displace conventional technologies—with a preferential emphasis on sports nutrition and clean label solutions. According to Seth Flowerman, the company’s executive vice president, PLT is engaged in dialogue with a number of major consumer products companies searching for innovative solutions. “PLT is actively engaged in health & wellness, sports nutrition and clean label solutions—with an exciting and growing portfolio of ingredients in each. In all of these areas, we have the ability to engage in a dialogue with the industry and help fast-track the introduction of new concepts into the market,” he said.
Application Available Online
The application period for the current round of the PLTNext Global Search for Innovation opens on March 15 and closes on June 15, 2017. Pre-commercial concepts, as well as ingredients and technology that have previously been launched on a limited or regional basis are eligible for consideration. Criteria for selection will include the novelty of the concept, safety testing, the quality systems of the organization, intellectual property protection and clinical science completed. Applicants can find more information and application details by visiting www.PLTNEXT.com.