As a leading food and beverage brand innovator, PepsiCo centers its strategy and operations on the theme of Performance with Purpose – aligning what is good for their business with what is good for society and the planet.
In applying this approach to the improvement of all products and processes, PepsiCo has entered into a collaborative relationship with Xinova, a global leader in providing solution-focused, efficient innovation.
Working together in a multi-year agreement, the two companies will seek to source and develop innovations that will add value over a wide range of PepsiCo’s processes and product offerings. As a co-invested partner, Xinova will provide invention sourcing, patenting, and technology incubation services.
To support the specific goal of sourcing more than 200 innovative solutions, Xinova is publishing a series of Request-For-Invention (RFI) documents, each of which describes a specific challenge to be addressed on behalf of PepsiCo. These RFIs span wide-ranging areas of concern to PepsiCo – such as food and beverage processing technologies, packaging, sensors, supply chain, and sustainability.
Commercialization & Venture Design | Request for Invention | Rapid Innovation Session
PepsiCo has noted the exceptional quality of the Xinova RFIs as being the best on the market today – they provide a very clear explanation of the challenge at hand and the necessary parameters around the solutions being sought. Based on the excellence of the RFIs, their network and evaluation ability, Xinova’s invention acceptance rate for PepsiCo is higher than typical open-innovation or crowd-sourcing approaches.
Following the acceptance of submitted solutions, PepsiCo and Xinova are partnering as co-strategists and co-developers of the accepted technologies. Several potential new products are already well into proof of concept and prototyping.
Xinova engages with companies of all sizes to solve unique and tough problems.
Learn how we engage by clicking through the stories below.
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Xinova Japan GK
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2-7-2 Yaesu, Chuo-ku
Tokyo 104-0028 Japan
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Seoul 06072, Korea
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Affiliate offices in Tel Aviv & Vienna