Swiss food giant Nestlé has joined forces with a number of organisations in its home market in an attempt to “develop a global innovation ecosystem on food and nutrition”.

The KitKat and Maggi maker has teamed up with The Swiss canton of Vaud, the Swiss Federal Institute of Technology and the Swiss Hospitality Management School to establish the Swiss Food & Nutrition Valley.

The initiative will be launched early next year.

Nestlé suggested Switzerland is home to a “unique ecosystem in the area of food and nutrition”.

It said: “This is due to its deeply rooted agricultural tradition, an unmatched density of world leading companies and scientific institutions as well as a large number of start-ups in areas such as food, nutrition, life sciences or robotics.”

The founding partners of  The Swiss Food & Nutrition Valley said they aim to strengthen the existing innovation ecosystem further and “address major challenges of the future of food and nutrition using cutting-edge science and technology – from agriculture to waste, from innovative products to healthy, sustainable diets”.

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By GlobalData

Stefan Palzer, chief technology officer of Nestlé, added: “Switzerland is home to a very unique innovation ecosystem for food and nutrition. Together we can more effectively address global challenges such as delicious, nutritious and affordable nutrition for all, sustainable packaging and mitigation of climate change.”