CEO Insights
Olivier Appert
Chairman and CEO, IFP Energies Nouvelles
What does innovation mean to your company and how does it impact your business strategy?
IFP Energies nouvelles (IFPEN) is an applied research center focused on innovation in the fields of energy, transport and the environment. Our objective is to meet the needs of industry and create wealth and jobs within the context of the energy transition. Our innovation model is underpinned by dual know-how: knowledge of the markets involved and scientific expertise of the highest level able to overcome the technological hurdles in order to develop innovative technologies. Beyond science, there is a need to take into account the economic, societal and environmental constraints associated with the development of any innovation.
How do you encourage and instill a culture of innovation within your organization?
The innovation culture is part of the DNA of IFPEN. It is a prerequisite to support the development of low-carbon solutions and the creation of new energy sectors. One of IFPEN’s strengths is our capacity to anticipate innovation needs. A permanent, forward-looking approach is used to identify the themes we should be focusing our research programs on. This prospective research is based first and foremost on basic research designed to increase our knowledge. In addition, an internal incubation system promotes the selection and emergence of breakthrough ideas in new markets before they give rise to research projects. Strategic research project management and analysis tools make it possible to develop new concepts and address new markets more rapidly. We have also set up “innovation units” in order to pool multidisciplinary expertise for a few months and work with industrial players to fine-tune the potential of innovative ideas. Finally, patent filing is a key component of IFPEN’s research/development strategy, not only in terms of protecting the results of its R&D work, but also to enable technology transfer.
What is it like to lead one of the world’s top 100 most innovative companies?
For IFPEN, being ranked in the top 100 most innovative companies in the world is an international recognition for all the hard work done to find innovative solutions to the major challenges, especially in terms of energy and the environment. I think I speak for everyone at IFPEN who made these results possible when I say we are extremely proud. But our rank will also stimulate us in the future; so we continue to innovate in order to boost competitiveness of the industry and meet societal challenges, and stay among the world’s technology leaders.
What do you consider to be your most innovative assets?
Our proven expertise across the entire value chain, from fundamental research to industrial research and innovation, is one of our principal strengths. Through our research and resulting innovations, IFPEN fosters the economic development of fields related to the energy, transport and eco-industry sectors. Our innovations are developed through industrial partnerships, creation of subsidiaries or stakeholdings and support for innovative SME’s. Another major strengths is the strong commitment of our researchers to produce more innovations, more quickly and competitively, in line with our industrial partners’ time to market. And all this is made possible thanks to a rigorous scientific approach combined with a constant quest for industrial outlets. In a nutshell, our researchers are our most innovative assets.