"P&G is broadly interested in collaboration with companies that can help build value and drive mutual growth," said Tom Cripe, associate director, open innovation and external business development at Procter & Gamble. "They believe XL TechGroup's unique capabilities to reach the market could enable innovative solutions that meet the needs of the world's consumers. This is a new type of partnership for P&G that could serve as a model for collaboration in the future."
XL TechGroup identifies unmet market needs in the Biotech, Ecotech and Medtech sectors and then systematically creates and develops successful disruptive technology businesses to exploit these needs. The Company has developed a unique proven method to rapidly bring companies from inception to liquidity, matching unexploited IP from a group of technology partners to the identified unmet market need. XL TechGroup employs its own predictive algorithm to ensure the market will rapidly adopt the identified solution and then moves to scale the company specifically created to exploit the opportunity.
Before forming XL TechGroup, the management team created substantial value for shareholders over a twelve year period, successfully exiting six technology businesses at an average market valuation of approximately US $500 million.
The listing of the first company created under the XL TechGroup banner, AgCert International, continues to validate the systematic approach to value creation.
marketing@alchempro.com
