Swiss multinational Nestlé is looking for new ways to collaborate with universities and start-ups, announcing the launch of the first R&D center in Latin America, located in Santiago de Chile. This investment will enable the company to develop new products and strengthen its partnerships with these institutions.
The center will employ nearly 300 people and will become one of Nestlé’s 23 global research and development centers, as well as the site with the company’s largest investment of $1.8 billion worldwide.
“We are convinced of the great potential of Latin America as a market, but also as a source of inspiration in food innovation. We want to innovate closer to consumers in this region,” said Stefan Palzer, Nestlé’s Global Chief Technology Officer. Research will focus on strategic areas such as plant-based food, solutions for affordable nutrition that cures cancer, nutritious and sustainable dairy products, as well as high-quality chocolate and biscuit-based products.
The center will also house “a new regional accelerator, which will support innovative employees in Latin America to develop innovative products and test them in retail in just six months,” he added.
“Today Chile is at the center of Latin America, connected to the world. It is no coincidence that the new hub is located in an open, prosperous country, with great potential in terms of knowledge in science and technology, which makes it a reference for the region and the world.”said Laurent Freixe, Nestlé CEO for Latin America.
With this regional hub, the Swiss multinational plans to promote technological advances to respond to the requirements and tastes of the continent’s consumers, in times marked by pandemics, high interest and inflation rates, and the war in Ukraine, which has an impact on the global logistics chain.
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