The company said it is seeking out the “newest, coolest, smartest and most revolutionary developments out there” as the company wants to combine its global scale, know-how and expertise with the “ingenious” solutions of start-ups and scale-ups around the world as part of its Paint the Future innovation challenge, which aims to connect with new disruptive technologies and accelerate innovation in the world of paints and coatings.
The challenge connects bright minds and promising solutions from across the globe with AkzoNobel's expertise, global scale and resources. Innovators, challenge teams, institutions and industry experts will work together to enhance the submitted ideas, forming a truly collaborative ecosystem.
Spearheaded by the company's Chief Technology Officer Klaas Kruithof, Paint the Future offers winners the opportunity to accelerate commercialization of their solution.
"We can't wait to see what exciting developments this collaborative experience brings to the paints and coatings industry," AkzoNobel CEO Thierry Vanlancker said. "We're driven to create value for our customers, passionate about what we do and always looking ahead. Now, we're looking to go even further, painting the future together with the world's coolest innovators."
"Paints and coatings is a dynamic, technology-driven industry. We know the future lies in working with others and being open to cross-industry solutions,” Kruithof added. “Exploring the new technology frontier, we will be able to introduce new features, improved products and more ways to delight our customers - and accelerate some truly exciting innovations."
Launched in partnership with KPMG, the challenge focuses on five key areas:
- Smart application;
- Enhanced functionality;
- Circular solutions;
- Life science infusion;
- Predictable performance
The deadline for new submissions is March 1, 2019, and participants on the platform will continue to explore, discuss and enrich ideas until March 12, after which AkzoNobel experts will select finalists to participate in the finals event in Amsterdam May 14-16. Shortly thereafter, the company will begin working with winners on sustainable business opportunities.
Brief challenge descriptions:
How could your solution change or improve the way customers apply our products?
What exciting new functionality can your technology offer to make coatings cleaner, more responsive or adaptive?
How would your solution enable circular use of materials at any point in our value chain?
Life science infusion
How can your solution, containing bio-active technology, help bring better performance or innovative features to our coatings?
How can we collect and augment data more innovatively to make predictions for real-world surface performance more accurate?