AKZA Akzo Nobel NV

November 12, 2018

Akzo Nobel N.V. (AKZA; AKZOY)

What if paint could clean the air; withstand extreme heat; reduce drag and fuel consumption; cope with conditions on Mars. AkzoNobel products already do this - now the plan is to go even further.

That's why the company is ready to stir things up by seeking out the newest, coolest, smartest and most revolutionary developments out there. AkzoNobel wants to combine its global scale, know-how and expertise with the ingenious solutions of startups and scale-ups around the world.

Announced today, the company's Paint the Future innovation challenge aims to connect with new disruptive technologies and accelerate innovation in the dynamic world of paints and coatings. It's an open invitation to work together and turn exciting potential into brilliant reality.

"Our passion for paint and innovation goes way back and we're even more excited about the future," says AkzoNobel CEO, Thierry Vanlancker. "Led by our Chief Technology Officer, Klaas Kruithof, we want to work with visionaries and entrepreneurs, capture the creative genius that flows from open innovation and paint the future together."

Adds Kruithof: "As a technology-driven paints and coatings company, we're full of knowledge, know-how and resources that we're ready to share. We have a clear view of what our customers will need and expect in the future, so we're actively looking to collaborate with forward-thinking partners and take our innovation in all areas to another dimension. The future's a blank canvas - this is an exciting opportunity to help us paint it."

Launched in partnership with KPMG, the annual challenge will give the winners the chance to enter into a joint development agreement with AkzoNobel. It's focused on five key areas:

• Predictable performance
• Smart application
• Circular solutions
• Enhanced functionality
• Life science infusion

             
Open to early stage tech companies and institutes around the world, the collaborative approach will benefit both sides, with the company committed to working with the winners on sustainable business opportunities.

A dedicated online challenge platform, letspaintthefuture.com, has been launched, which will be accepting entries from January 8, 2019. The site already contains more information about the five themes and the submission process. The finalists will be invited to attend a special awards event around the middle of next year, when the winners will be announced. Full details will be released in January.

Brief challenge descriptions:

Predictable performance
How can we collect and augment data more innovatively so that our predictions for real world surface performance become more accurate and efficient?
Smart application
How could your solution change or improve the way customers apply our products?
Circular solutions
How would your solution enable circular use of materials at any point in our value chain?
Enhanced functionality
What exciting new functionality can your technology offer to make coatings cleaner, more responsive or adaptive?
Life science infusion
How can your solution, containing bio-active technology, help bring better performance or innovative features to our coatings? 

Introduction video: https://youtu.be/dmNQB3pv1uc

About AkzoNobel
AkzoNobel has a passion for paint. We're experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 35,000 talented people who are passionate about delivering the high performance products and services our customers expect.

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