Food Manufacturing Co product -Component mining Background “Innovation is the thing that distinguishes between Leaders and Followers.” Steve Jobs Activities Research support and IP Generation Application and Transitional Innovation Market Activation “Creativity is thinking up new things. Innovation is doing new things.” Theodore Levitt Technology Platforms Material Technology Nutrition Packaging Technology Sustainability and the environment “The most effective way to cope with change is to help create it.” I W Lynett Process Technology Consumer Trends “Innovation is the ability to see change as an opportunity - not a Threat.” Anon Something in Common? “Innovation is the central issue in economic prosperity.” Michael Porter Fruit co-product “Creativity is thinking up new things. Innovation is doing new things.” Theodore Levitt Brewing co-product • Yeast Extract • Salt • Vegetable Extract • Niacin • Thiamin • Spice Extracts • Riboflavin • Folic Acid • Celery Extract • Vitamin B12 It was in 1902 that the Matmite Food Company (later Marnite Ltd) was set up in Burton on Trent. Our mission, then as now, was to share the joy of Marmite-eating and make it available to all those with excellent taste. “To Innovate you need a good imagination and a pile of Junk.” Thomas Edison Milling co-product “Every act of creation is first of all an act of destruction.” Picasso Cheese making Co- product WHEY “Design is not just what it looks like and feels like. Design is how it works.” Steve Jobs Valorisation Value adding in whey processing - illustration “Without Creativity there would be no progress.” Edward de Bono Sugar – Co Products PULP “The essential part of creativity is the ability to not be afraid of Failure.” Edwin Land Brewing Co Product – Spent Grains “Imagination is more important than knowledge.” Albert Einstein Baking –Co Product – Damaged Bread Growth through Innovation Milling- Co Product – Wheat Bran 30 Milling companies 57 Mills 6.4m tonnes Wheat milled in 2010 5.0m tonnes Flour produced in 2010 88,000 Average flour production per mill "The joy is in creating, not maintaining." Vince Lombardi Source – Beaumaris – john Mark Lawther Mycoprotein Co- product - Centrate Continuous Fermentation of Fungi derived Food Protein “When your Innovative you have to be prepared for everyone telling you that you are nuts.” Larry Ellison In Conclusion • • • • Opportunities ! Range of Materials – Components – Values and Scales ! Need Proper Valorisation ! Needs Matching to Market/ customer / Consumer ! “The best way to Predict the future is to invent it.” Alan Kaye The End Thank you for your Attention Alan Marson Alan@New-FoodInnovation.co.uk