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DSM
Venturing, the corporate venturing unit of Royal DSM N
V, has made an investment in US-based Food Quality Sensor
International Inc.
FQSI''s
advanced sensor technology will be incorporated in packaging
concepts for fresh products such as meat and poultry.
This is DSM''s first equity investment in the field of
specialty packaging, one of the emerging business areas
selected in DSM''s strategy Vision 2010 - Building on Strengths.
DSM
Venturing is an active investor in emerging companies
and Venture Capital Funds in DSM''s strategic growth fields
nutrition, pharma and performance materials. FQSI''s latest
product SensorQ is a stick-on sensor label applied by
the meat packer to the inside of meat and poultry packages.
The label detects the gaseous byproducts of food-borne
bacteria growing inside the package. The technology correlates
to US and international standards of meat and poultry
spoilage and is the only concept known to date to be able
to sense freshness of meat in a cost-effective way. FQSI
is currently in the final stages of testing and validating
SensorQ and expects to launch the product later
this year.
The
investment in FQSI provides DSM a window on the market
in food packaging in the US. Tony de Vrught, vice president
EBA Specialty Packaging, said, "This is an important
milestone for our activities in this new market. Next
to our investment, FQSI will be one of the companies we
will work with to develop intelligent packaging concepts."
Responding
to trends such as growing food quality awareness, increasing
interaction between a product and its packaging and upcoming
changes in regulations, DSM''s specialty packaging group
is working on the development of breakthrough packaging
solutions for food products with innovative barrier properties
relating to freshness, release of odors, and the ability
to monitor the history of the product.
FQSI
was incorporated in 2004, when The Charles Stark Draper
Laboratory, Inc. partnered with key members of the Draper
sensor technology development team, Navigator Technology
Ventures and Marco Bonné, an entrepreneur and food
industry executive, to commercialise its food spoilage
sensor technology. FQSI develops and commercialises novel
technologies to detect the freshness levels of perishable
foods. FQSI''s headquarters and laboratories are located
in Lexington, Massachusetts.
DSM
Venturing is an active investor in emerging companies
and Venture Capital Funds in DSM''s strategic growth fields
of nutrition, pharma and performance materials.
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