Ferrero to open innovation outpost at Cornell
Ferrero International, the Italian confectionary group and one of the world’s largest manufacturers of chocolates, has announced it will open an innovation space at The Bridge at Cornell Tech.
Ferrero International, the Italian confectionary group and one of the world’s largest manufacturers of chocolates, has announced it will open an innovation space at The Bridge at Cornell Tech. The Bridge is a building that will house a mix of cutting-edge companies working alongside Cornell Tech academic teams: from recent Cornell Tech graduates striving to commercialize a new idea, to start-ups on the verge of explosive growth, and established companies developing leading-edge technologies and products.
Ferrero’s Open Innovation Science division will drive discovery, evaluation, and integration plans of relevant external science, technology, and entrepreneurial innovations. Their strategic approach will be based on the identification of opportunity areas at the intersection of technology, macrotrends, and Ferrero business priorities. Alongside Cornell University students, faculty, and other innovative companies at The Bridge, Ferrero will explore technologies and innovations that could improve Ferrero products and operations, deliver optimization of nutritional value, drive improvements to product protection and packaging, and identify biotech transformations.
“We are thrilled to join the community at The Bridge. With the opportunity to work with Cornell Tech and be among other companies committed to change and innovation, we will develop cutting-edge research and technologies that will have transformational effects on our products and business,” said Giovanni Battistini, vice president, Open Innovation Science at Ferrero.
In addition to Ferrero, The Bridge—which will open in September as part of the first phase of the Cornell Tech campus—will house pioneering tech and investment firm Two Sigma and Citigroup.