News Feed Item

ICL Embraces "Open Innovation" With Launch of Technology Acceleration Program

The Ultimate Win-Win for ICL, Entrepreneurs and the Global Village: ICL To Support the Development and Commercialization of Innovative, Sustainable Products and Processes Emerging from Academia and Start-ups

TEL-AVIV, Israel, December 3, 2012 /PRNewswire/ --

ICL (TASE:ICL), a multinational fertilizer and specialty chemicals company, today announced that it has launched ICL Innovation Ltd. (http://www.icl-innovation.com), an Open Innovation program through which it will accelerate its development of sustainable new products and processes to drive the Company's future growth. ICL will allocate several million dollars a year to fund the program.

Commenting on the news, Mr. Stefan Borgas, ICL's President and CEO, said, "We are excited to launch a program that opens our Company to the full range of knowledge, creativity and initiative available throughout the world - a path that will help us develop the innovative new products and processes needed to address global needs and to drive our future growth. This is an important component of our strategy to assure ICL's standing as a leader who improves the world in which it operates, addressing the challenges created by expanding global populations and increasing environmental awareness. By embracing the Open Innovation approach, we will bring the best of the world's innovation into the Company, from wherever it originates."

Mr. Eyal Ginzberg, President of ICL's IMI (TAMI) Institute for R&D and newly-appointed Chairman of ICL Innovation Ltd., added, "We are excited to harness the power of collaboration to create the ultimate 'win-win' scenario, helping scientists/entrepreneurs while accelerating the growth of our company - all by developing breakthrough new solutions for major global challenges.

"In fact, many innovative and promising ideas are never commercialized for lack of funding, project management, pilot facilities and commercialization expertise. Since we are so well established in each of these areas, we are ideally positioned to partner with scientists and entrepreneurs with great ideas in all parts of the world. By providing the right support, we will help them reduce the time it would otherwise require to take their projects from concept to industrial implementation. The Accelerator will also provide our company with a new source of innovative products and processes to augment our considerable R&D capabilities around the globe."

ICL Innovation will solicit a select number of product ideas and projects from a range of sources, including academic institutions, research institutes, technology cooperatives, incubators and venture capital funds. After evaluating the suitability of each project for the needs of the Company, it will be analyzed from the standpoint of technology, business model and environmental responsibility. In addition, the project will be rated in terms of its contribution to world needs in the areas of water, fertilizers, food supply and/or special chemical applications. Each project selected will be "adopted" by an ICL segment, which will provide support and supervision to assure that the project remains practical and grounded. Upon successful commercialization, the segment will market the product and/or incorporate the process into its operations.

The ICL segment will act as the strategic partner for each project from development to implementation, including:

  • Funding the project
  • Contributing field experience and knowledge
  • Providing required development and pilot testing infrastructure (whether at ICL's TAMI facilities in Haifa, Israel or at one of its R&D facilities around the world);
  • Close supervision and support by ICL's top laboratory personnel and business executives; and
  • Establishing a business development path for the project.

Today, ICL's R&D organization includes approximately 500 employees that work at IMI/TAMI (ICL's central institute for R&D located in Haifa, Israel) and at its other R&D facilities located in Germany, Holland, the U.S. and elsewhere in Israel.

About ICL

ICL is one of the world's leading fertilizer and specialty chemicals companies. For a world challenged by population growth and scarce resources, ICL makes products that increase global food and water supplies and improve industrial materials and processes.

ICL produces approximately a third of the world's bromine and is the 6th largest potash producer in the world. ICL is a leading supplier of fertilizers in Europe and a major player in specialty fertilizer market segments. One of the world's most integrated manufacturers and suppliers of phosphate products, ICL has become the world's leading provider of pure phosphoric acid and a major specialty phosphate player.

ICL is comprised of three core segments: ICL Fertilizers, ICL Industrial Products and ICL Performance Products. Its major production activities are located in Israel, Europe, the US, South America and China, and are supported by major global marketing and logistics networks. ICL's shares are traded on the Tel Aviv Stock Exchange (TASE: ICL). For more information, visit http://www.icl-group.com


IMI TAMI is the research and development arm of ICL. Its state-of-the-art R&D campus located in Haifa, Israel, contains advanced research, analytical and testing laboratories, GMP compliant facilities, a modern mini-pilot and pilot plants for process development and small scale production activities. IMI/TAMI also undertakes projects for other chemical and pharmaceutical companies world-wide. IMI TAMI has been granted ISO 9001, ISO 14001 and ISO 18001 approvals from the Standards Institution of Israel. Its laboratories are also approved for operation under the principles of GLP, as well as ISO/IEC 17025 approved for some analytical procedures. For more information, visit http://www.tami-imi.com

Fleisher Communications and Public Relations    
Amiram Fleisher
[email protected]

SOURCE ICL - Israel Chemicals Ltd

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Successful transition from traditional IT to cloud computing requires three key ingredients: an IT architecture that allows companies to extend their internal best practices to the cloud, a cost point that allows economies of scale, and automated processes that manage risk exposure and maintain regulatory compliance with industry regulations (FFIEC, PCI-DSS, HIPAA, FISMA). The unique combination of VMware, the IBM Cloud, and Cloud Raxak, a 2016 Gartner Cool Vendor in IT Automation, provides a co...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and ...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Digitization is driving a fundamental change in society that is transforming the way businesses work with their customers, their supply chains and their people. Digital transformation leverages DevOps best practices, such as Agile Parallel Development, Continuous Delivery and Agile Operations to capitalize on opportunities and create competitive differentiation in the application economy. However, information security has been notably absent from the DevOps movement. Speed doesn’t have to negat...