How can we successfully commercialise our formulation innovations? The innovative application of formulation science in industry has huge potential to create great commercial value and significant benefits for society. But how can a start-up fast track its product development process? How should different organisations partner-up? What must employees, academics or aspiring entrepreneurial students consider to commercially exploit their inventions? How can large companies innovate against ‘big company inertia’?
This is the third two-day workshop organised by SCI’s Formulation Forum and it follows the ‘Disruptive Innovations’ workshop in January 2019. In that workshop, the future of formulation science and how it meets future challenges today were discussed. In this workshop, we will discuss and showcase how today’s ideas can become a commercial reality. Why? Innovation is critical due to rapidly increasing competition in a shrinking world, constant commoditization and a drive for shorter product lifecycles to deliver faster growth. Companies are engaged in blocking and leap-frogging the competition, reducing their supplier’s power and reducing the chance of competitor substitutes.
The full programme will be announced in due course.