Food giant Nestle has set up new structures to turn innovative ideas from outsid...
Stefan Palzer, Nestle Chief Technology Officer gestures in front of plant based vegetarian dishes during a media presentation at Nestle in Vevey, Switzerland, February 12, 2020. REUTERS/Denis Balibouse
Employees, often from Nestle’s research teams, can apply for funding to develop products via the company’s internal ideas factory or “shark tank”, while startups or students can work with Nestle scientists and resources, including lab space, at so-called “accelerators”. But Nestle, under Chief Executive Mark Schneider who took over in 2017, is trying to prove a big group can also be fast.
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