Byotrol is a chemical company that has developed biocides for the consumer market, including hand sanitizers and sprays. The innovation was triggered by an anticipated change in EU regulations regarding some of the ingredients used in the product, leading Byotrol to change its formula. In order to develop and commercialize the product, they worked with universities, industry experts, and a large firm in order to develop the new product and bring it to market. Byotrol offers a very good example of open innovation that highlights the challenges and benefits of SMEs working with larger firms.
Open innovation for SME's
