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Large multinationals back $175,000 competition to develop novel preservatives in cosmetics and hygiene.

Posted on May 16, 2017 8:30:00 PM

A prize worth $175,000 could Large multinationals back $175,000 competition to develop novel preservatives in cosmetics and hygiene.be won by innovators developing new preservatives in cosmetics, personal care and household products. This global competition launched by The Green Chemistry & Commerce Council and InnoCentive hopes it will deliver improved environmental health and safety profiles. P&G, Walmart and Unilever are among the sponsors of the contest who will award three to five cash prizes from the $175,000 prize fund. The sponsors are looking to partner with innovators to co-develop, license or invest in new technologies to speed them to market.

"Our partnership with GC3 will allow us to collaborate with key industry partners to help accelerate our work to bring new, safe and effective preservatives to market for our guests."

Regulatory bans and restrictions, coupled with increasing stakeholder concerns around the potential health impacts of several widely-used chemicals, are reducing the current palette of acceptable preservatives. Due to these issues, seventeen competition sponsors including Unilever, Method and Walmart are looking for novel preservatives, or preservative boosters which are effective in protecting consumer products from contamination. The competition is open for broad-spectrum or single action chemical agents effective on gram-positive bacteria, gram-negative bacteria, yeast and mould, as well as preservative boosters and multi-functional ingredients which have a primary non-preserving function yet enhance antimicrobial efficacy.

With the deadline for August 24th 2017 you can click her to enter the competition!

“Reckitt Benckiser (RB) is excited to partner with GC3 and others to accelerate the development of novel safe and effective preservatives which play a critical role in providing consumers with safe products,” said Jennifer Duran, Director Product Sustainability at RB.

The Green Chemistry & Commerce Council is a network of more than 100 companies and other organisations to accelerate the application of green chemistry across industry sectors and supply chains. InnoCentive is a crowdsourcing organisation which offer their Challenge Driven InnovationTM methodology, purpose-built platform and global network of problem solvers, as well as accompanying consulting, training and programme management services. Together they aim to promote green chemistry which is the design of chemical products and processes that reduce or eliminate the use and generation of hazardous substances. 

"At Target, we’re committed to delivering better-for-you products to our guests and investing in chemical innovation is a critical component of this commitment,” said Jennifer Silberman, Chief Sustainability Officer at Target. "Our partnership with GC3 will allow us to collaborate with key industry partners to help accelerate our work to bring new, safe and effective preservatives to market for our guests,” added Silberman.

Up to five finalists will be invited to present their technologies at a US meeting in the first quarter of 2018, and to network with representatives from consumer product companies, major retailers, and preservative suppliers. All competition submissions will gain significant visibility and receive feedback.


To read more about investment opportunities in the industry:

$5.8 billion invested by VC’s in bio-based chemicals; focus shifts to disruptive synthetic biology.

USDA announces $21 million for research and development in the bio-economy.

Sofinnova Partners asserts itself as a "pioneer investor" after raising €106 million for bio-tech fund.

Unilever swoop for bio-based products brand Seventh Generation.

A new kind of business? Investors offer renewed focus on ethical investments. 

Topics: BBWNChemicals, FinanceLegal&Legislation

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About the Author

Emily O'Dowd
Emily O'Dowd
On graduating with a degree in English Literature at Royal Holloway University of London, Emily joined the editorial team. When she isn't writing articles for the website or interviewing experts in th...read more