We have set up stringent processes in our operating units and our strategic research unit Creavis Technologies & Innovation (Creavis) to allocate the R&D budget to specific projects. I2P® (Idea to Profit)—our all-round project management system—allows efficient identification and evaluation of the entire innovation process.
Sustainability also plays an important role in our innovation culture. For example, Evonik has developed a method to evaluate the carbon footprint of future products and processes at an early phase in their development.
We have an internal Innovation Award, which is presented annually in recognition of out-standing application-oriented research achievements.
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Creavis Technologies & Innovation
With strategic research and development to new business.