PLT Health Solutions, Inc. (Morristown, NJ) announced the third edition of the company’s PLTNext Global Search for Innovation program. The Global Search is designed to connect PLT with ingredient and technology innovators to assist in product development and commercialization. As part of the program, PLT is putting its track record of developing and launching successful branded ingredients into supplement, food and beverage markets to work for companies who meet the program’s criteria and are selected for further collaboration. The Global Search for Innovation allows selected companies and organizations to work with PLT’s scientific, regulatory, intellectual property, product development and sales experts to help advance the market-readiness of their concepts and create commercialization strategies that deliver market penetration and profitability. In this third edition of the PLTNEXT Global Search, PLT is emphasizing companies who work in the sports nutrition space as well as clean label ingredients. The Global Search for Innovation is open to university research programs, early-stage or regional companies and other ingredient/technology developers—anywhere in the world.
According to Devin Stagg, vice president, strategy and business development at PLT Health Solutions, PLTNEXT is the company’s ongoing business-wide commitment to innovation in the health and wellness space. “In North America and around the world, PLT Health Solutions has a reputation as an ingredient innovator with consumer products companies,” Stagg said. “What distinguishes our efforts, however, is the comprehensive vetting of ingredients for their scientific, regulatory and quality systems readiness and our ability to bring buttoned up solutions to our customers. The PLTNEXT Global Search for Innovation is all about putting this infrastructure and expertise to work for the introduction of promising new ingredients and technologies.”
In this current round, PLT is encouraging applications based on any ingredient or technology that supports healthier or natural solutions that displace conventional technologies—with a preferential emphasis on sports nutrition and clean label solutions. According to Seth Flowerman, the company’s executive vice president, PLT is engaged in dialogue with a number of major consumer products companies searching for innovative solutions. “PLT is actively engaged in health and wellness, sports nutrition and clean label solutions—with a growing portfolio of ingredients in each. In all of these areas, we have the ability to engage in a dialogue with the industry and help fast-track the introduction of new concepts into the market,” he said.
The application period for the current round of the PLTNext Global Search for Innovation opened on March 15 and closes on June 15, 2017. Pre-commercial concepts, as well as ingredients and technology that have previously been launched on a limited or regional basis are eligible for consideration. Criteria for selection will include the novelty of the concept, safety testing, the quality systems of the organization, intellectual property protection and clinical science completed.
For more information, visit www.pltnext.com.