Intercos Group has inked a five-year agreement with the University of Milano-Bicocca to team up in conducting scientific research on formulations and sustainable processes aimed at developing innovative beauty products.
A shared laboratory hosting researchers and tech equipment from both parties will also be established on one of the university’s campuses, specifically the one at Vedano al Lambro, a 20-minute drive from Intercos headquarters.
Meet Cosmetics Industry Demands
Dubbed “Joint Lab,” the laboratory will officially kick off its activities in September. The initial, shared investment in the operation was more than 1 million euros. A technical scientific committee comprising four representatives of each party will set the general guidelines for the development of activities and definition of operational projects.
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Since the very beginning of this company, we understood that research and innovation was the only way to grow. We wanted to be the company that could invest more money, energy and workforce in innovation in the world of cosmetics globally, and we managed to do that,” said Dario Ferrari, founder and president of Intercos.
The executive identified the main challenge of the partnership in creating a common language “since as of today we speak two different ones” but said the collaboration will be fruitful and result in new solutions in cosmetics.
For the university’s dean Giovanna Iannantuoni, the collaboration could also provide key learning helping the institution in improving its courses to match the real demands of the industry.
Source: Intercos Group