Browsing: Product development
Coca-Cola Amatil has announced the launch of Amatil X, a new platform for emerging possibilities to power growth beyond Coca-Cola Amatil’s core business.
The new venture will support the development of concepts, start-ups and early-stage businesses that anticipate and address customer needs, and is a way for Coca-Cola Amatil to find new avenues of growth. Group managing director Alison Watkins says the world of customers is changing quickly, with increasing expectations driven by technology. “While remaining focused on our core is critical, we need to find new avenues of growth. We want to continue to challenge ourselves to provide our customers with ‘Only at Amatil’ experiences,” she says. At the core is AX Ventures, a multi-million dollar corporate venturing programme that has been set up to invest in future revenue growth opportunities outside of Amatil’s current business – and beyond innovation in beverages which sit within the core business. Investment opportunities will be identified via two avenues:
- Xcelerate – a corporate accelerator programme to operate in New Zealand and Australia powered by leading start-up accelerator BlueChilli. Xcelerate will seek applications from entrepreneurs and early-stage companies, gaining first-hand access to emerging technologies and trends; building a pipeline of investible businesses; and supporting the overall start-up ecosystem in New Zealand and Australia. Applications for Xcelerate opened last month.
- Xponential – an employee venturing programme. Xponential will leverage Amatil’s existing innovation programmes and other initiatives to identify internal opportunities for AX Ventures to invest.
Importantly, the programmes within AmatilX are not open to proposals for new beverages, and do not compete with existing innovation pipelines provided by brand partners including The Coca-Cola Company, Watkins says. Instead, there are three broad themes:
- Millions of moments of impact: concepts for creating a sustainable future
- One step ahead: concepts for redefining the customer experience; and
- Route to me: concepts for exploring alternative ways of getting customers what they want, when and where they want it.
The programmes will leverage Coca-Cola Amatil’s ability to rapidly test and validate relevant ideas and prototype solutions which improve the customer experience or create potential revenue streams.
At the end of the programme, AX Ventures will review participants for further investment. “Our team has been examining rapidly evolving companies across various sectors in Australia and overseas for the past six months,” Watkins says. “The result is Amatil X. Our aspiration is for Amatil X to set the benchmark for how to bridge the gap between large established corporations and the agility and innovation of start-up businesses, so that we leverage entrepreneurs to help fuel our growth agenda. We are investing today for tomorrow’s growth. We want the start-up community to know we’re open for business and supporting both the start-up community ecosystem, and the New Zealand and Australian economies.” www.ccamatil.com
Zymus are product formulators and suppliers. We have been supplying the food and beverage industry with Flavours, Colours, Enzymes and Food Ingredients for over 30 years.
We provide innovative solutions for the Food and Beverage Industry, offering a comprehensive service to find winning solutions for our customers.
Our history of achievements includes product development, particularly with flavours and enzyme systems, for both the New Zealand and Australasian markets.
Let us help you bring your products to life!
626 Rosebank Road
PO Box 71039
1 Smidmore Street
We are 100% New Zealand owned and operated, manufacturing specialised flavours and ingredients as well as sourcing from our worldwide supply partners. The original family values and specialist technical team are still the core of how we operate. Customers are at the heart of our business, they come first. We do our very best to ensure the experience our customers and suppliers have with us adds value along the chain, from unparalleled service, R and D support, to follow up.
We are able to provide supply and development support for the following industries:
16 Hannigan Drive
PO Box 25466
Formula Foods designs and manufactures flavours right here in New Zealand. Our team of scientists utilise advanced technologies to make tailor made flavours from base natural materials.
Formula Foods is 100% New Zealand owned flavour and ingredients company based in Christchurch and Founded in 1987 by David and Christine Rout.
Offering customised solutions with low minimum order quantities and short lead-times is our specialty.
We specialise in working with our valued clients from concept, design and manufacture of exceptional flavours.
20 Avenger Crescent
PO Box 7154
Manufacture and development of beverage products. Flavour Burst sports drinks, milkshakes and syrups to liqueurs, spirits and RTD’s. Distributors of beer and wine kits, Coopers, Muntons, Morgans. Manufacturers of the Brewmaster and Spirits Unlimited. Contract Bottling of miniatures a specialty. Blending, batching and product development. Export of concentrates, hops and ethanol. Suppliers of natural and compound favours to the food industry.
Technical Service, catalogue and ingredient samples available.
8 View Road
P O Box 317111