Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there a concrete reason why Henkel started with the Henkel Innovation Trophy in 2006?

April 26, 2017concrete henkel innovation STARTED Trophy

0

Posted

Is there a concrete reason why Henkel started with the Henkel Innovation Trophy in 2006?

1 Answer

0

Posted

Yes, as Prof. Dr. Ulrich Lehner, Chairman of the Management Board of Henkel KGaA, internally announced 2006 to be the “Year of Innovation” – and the Henkel Innovation Trophy perfectly fits this motto. The concept behind the project is to enrich the product development process with external ideas from independent inventors. Besides this, the goal of Henkel Innovation Trophy itself is to increase the speed of launching innovations to the market (by 2008, Henkel wants to be generating around one third of its sales through new products).