Bioactives company Quantec wins Cawthron Institute Innovation Award
Congratulations to Quantec NZ who are the 2019 winners of the Cawthron Institute Innovation Award and the Supreme award, which was announced at the Natural Health Products NZ summit in Hamilton on 27 March.
The Cawthron Institute Innovation Award recognises outstanding innovation demonstrated in any facet of business. Sponsoring this award was a natural fit for Cawthron, who provide world class research and accredited testing services for the natural health products sector.
This year’s entries demonstrated innovation in product development, manufacture optimisation, and commercialisation of fundamental science.
Announcing the winners, the Awards Lead Judge Lorraine Moser said today’s consumer and business world had become ever-more dynamic through increased global sharing and connection, and instant access to information through social media platforms.
“This has had a profound impact on how businesses need to look at and embrace innovation and marketing. This year’s award entries clearly understand that and have displayed a clever meld of traditional practices and emerging new ways to tackle today’s challenges.”
Hamilton-based Quantec specialises in high-value bioactives from natural products, particularly in relation to technologies developed from patented discoveries of novel milk protein applications in human and animal health.
Quantec’s award-winning entry profiled its work with its major customer in China to identify a product concept that had never been done before: the combination of an omega-3 oil with an aqueous milk protein powder to produce a high-end innovative nutraceutical product for gut health.
In announcing the Cawthron Institute Innovation Award, judges said Quantec had shown a deep understanding of the nuanced China market and responded with a highly innovative technology. Quantec had collaborated widely within the Natural Health Products NZ network and, in its reflection, clearly identified and addressed the challenges and opportunities experienced.
Ms Moser said the company was also judged the Supreme Award winner because of the thoroughness and rigour of its innovation process.
“The judges were particularly impressed with the many connections made with other parties within the Natural Health Products NZ network.
“It was a truly excellent entry and Quantec is a most worthy recipient of the 2019 Natural Health Products NZ Supreme Award.”