Essity announced that it will expand its partnership with Silicon Valley’s Plug and Play.
Partnership will Encourage Open Innovation to Develop New Solutions in Health and Wellness like Tork EasyCube® and TENA Identifi®
PHILADELPHIA, April 27, 2018 /PRNewswire/ -- Essity, one of the world’s leading hygiene and health companies, announced that it will expand its partnership with Silicon Valley’s Plug and Play.
Plug and Play is the world’s leading startup accelerator and open innovation platform that connects startup companies with corporations for business development and investment opportunities.
Essity joined Plug and Play’s Health & Wellness innovation platform last year to gain access to the company’s global ecosystem of startups, focusing on technologies that would strengthen Essity’s feminine care and baby care products. The relationship has now expanded to include professional hygiene and incontinence products.
“Improving hygiene and well-being is essential to creating a more sustainable world and to value creation,” said Georg Schmundt-Thomas, President Essity Global Hygiene Category. “We’ve launched many patented innovations that millions of people use every day and that are winning in the marketplace. By teaming up with Plug and Play, we will strengthen our opportunities to get access to startups with the right competencies, thus enabling us to accelerate future growth.”
Essity has been a pioneer in enabling new innovations in hygiene products. Essity’s Tork brand, the global professional hygiene category leader, is revolutionizing the facility cleaning industry with the award-winning Tork EasyCube®, a facility management software for data-driven cleaning. This software provides facility managers and cleaners with real-time information on cleaning needs so they can eliminate unnecessary work and invest more time where it is most needed.
Essity’s TENA Identifi was the first incontinence product designed to electronically track a patient’s voiding patterns over a 72 hour time period. The device provides staff in assisted care facilities access to a new level of knowledge that helps optimize individualized continence care by ensuring that the right products are being used, enhancing quality of life for residents.
“Corporations must embrace innovation. Essity’s commitment to collaborate with startups amplifies the dedication they have to customer and consumer satisfaction and the improvement of the health and wellness industry,” says Saeed Amidi, Founder & CEO of Plug and Play. “We look forward to exploring their new focus areas and finding them the best startups in the space.”
Plug and Play’s Health & Wellness platform runs two 12-week programs per year, accepting 20 startups in each round. These startups, sourced specifically for the partners in the program, are connected with corporations and investors for mentorship, funding and business development opportunities.
About Essity
Essity is a leading global hygiene and health company that develops, produces and sells Personal Care (Baby Care, Feminine Care, Incontinence Products and Medical Solutions), Consumer Tissue and Professional Hygiene products and solutions. Our vision is; Dedicated to improving well-being through leading hygiene and health solutions. Sales are conducted in approximately 150 countries under many strong brands, including the leading global brands TENA and Tork, and other brands, such as Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 48,000 employees and net sales in 2017 amounted to approximately SEK 109bn (EUR 11.3bn). The business operations are based on a sustainable business model with focus on value creation for people and nature. The company has its headquarters in Stockholm, Sweden, and is listed on Nasdaq Stockholm. Essity used to be part of the SCA Group. More information at www.essity.com.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in 21 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 220 official corporate partners, we have created the ultimate startup ecosystem in many industries. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, LendingClub, PayPal, SoundHound, and Zoosk. www.plugandplaytechcenter.com.
