MILAN — In an unprecedented transfer within the Italian beauty panorama, main cosmetics producer Intercos Group has inked a five-year settlement with the College of Milano-Bicocca to staff up in conducting scientific analysis on formulations and sustainable processes geared toward growing modern beauty merchandise.
A shared laboratory internet hosting researchers and tech gear from each events will even be established on one of many college’s campuses, particularly the one at Vedano al Lambro, a 20-minute drive from Intercos headquarters.
Dubbed “Joint Lab,” the laboratory will formally kick off its actions in September. The preliminary, shared funding within the operation was greater than 1 million euros.
A technical scientific committee comprising 4 representatives of every social gathering will set the final tips for the event of actions and definition of operational initiatives.
On the signing of the deal, Intercos’ founder and president Dario Ferrari recalled earlier, one-off collaborations with the multidisciplinary college however outlined the brand new, long-term settlement as “one-of-a-kind.”
“For the reason that very starting of this firm, we understood that analysis and innovation was the one strategy to develop. We wished to be the corporate that would make investments extra money, vitality and workforce in innovation on this planet of cosmetics globally, and we managed to do this,” mentioned Ferrari, underscoring that greater than 1,000 Intercos workers work in R&D.
“Now we have all the time labored in-house. We all know that analysis and innovation are issues you possibly can’t purchase: they’re the results of years of labor, and you need to create them from the within,” continued Ferrari, highlighting that Intercos will particularly convey to the collaboration its know-how in uncooked supplies and energetic elements, developed over the past 25 years, in addition to its data of the market.
The manager recognized the primary problem of the partnership in creating a standard language “since as of in the present day we converse two totally different ones” however mentioned the collaboration will probably be fruitful and end in new options in cosmetics.
“The outcome will probably be proportional to our capacity to show [discoveries] into environment friendly, industrial alternatives and take them to the market. This will probably be our aim and, presumption apart, I consider Intercos is actually the perfect car to advertise any new thought and product within the cosmetics trade, as we all know all of the manufacturers and have privileged relationships with key firms,” Ferrari mentioned.
For the college’s dean Giovanna Iannantuoni, the collaboration may additionally present key studying serving to the establishment in bettering its programs to match the true calls for of the trade.
“Cosmetics are sometimes thought of the ‘poor family members’ of prescription drugs however there’s lots of people making use of for this trade as a result of it has been making progress in leaps and bounds and it strikes quicker than pharmaceutical. We transfer in a extra agile manner, which is rooted within the nature of our enterprise itself, so we will convey a mind-set that’s modern and quicker,” Ferrari mentioned.
Based in 1972, Intercos provides makeup and skincare to round 450 prospects globally. It employs about 5,800 folks worldwide, distributed by way of 11 analysis facilities, 15 manufacturing vegetation and 15 gross sales workplaces on three continents.