P&G Ventures Among Top 20 Best Workplaces for Innovators According to Fast Company

P&G's Internal Startup Studio Recognized by Fast Company for Inspiring Innovation

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Aug 04, 2021, 12:39 ET

CINCINNATI, Aug. 4, 2021 /PRNewswire/ -- Fast Company released its third annual Best Workplaces for Innovators list today, honoring businesses and organizations that demonstrate a deep commitment to encouraging innovation at all levels. P&G Ventures, Procter & Gamble's internal startup studio, earned the #19 position on this year's list for its unique business model and novel brand-building strategy.

Best Workplaces for Innovators: P&G Ventures

Founded in 2015, P&G Ventures is an early-stage start-up studio within P&G that creates new fast-moving consumer goods brands and businesses in categories where P&G doesn't currently compete. Its model is built on partnering with entrepreneurs, inventors and start-ups to deliver a win-win that brings together the best of startups and the best of P&G. Each P&G Ventures partnership is unique, providing funding as well as access to P&G's experts, resources, and capabilities to help partners find their best customers, prove their technology, and create their brand.

Leveraging this unique model, P&G Ventures has launched four new brands to date: Zevo, a line of insect control products safe for children and pets; OPTE, a smart beauty device to treat facial hyperpigmentation; Bodewell, a line of plant-based products to treat chronic skin conditions; and Kindra, a product line to help women combat the symptoms of menopause.

"We are honored to be included alongside so many incredible organizations on this list," said Guy B. Persaud, President of P&G's New Business Unit (NBU). "Innovation and creativity are at the heart of our work in P&G Ventures. Our team is focused on improving consumers' lives with breakthrough new products, brands and technologies in areas where P&G does not play today. We are incredibly proud of our founders and the start-up culture they are creating within the company, and I feel we are just getting started."

Developed in collaboration with Accenture, the 2021 Best Workplaces for Innovators ranks 100 winners from a variety of industries, including computer science, biotech, consumer packaged goods, nonprofit, education, financial services, cybersecurity, and engineering. Working together, Fast Company editors and Accenture researchers received nearly 1,500 applications, and a panel of eight eminent judges reviewed and endorsed the top 100 companies. The 2021 awards feature workplaces from around the world with several of the honorees based outside the U.S.

"These leaders and teams created cultures of innovation and sustained them, even as remote work extended into 2021," says Stephanie Mehta, editor-in-chief of Fast Company. "This newest list of the Best Workplaces for Innovators honors those organizations that found ways to collaborate and invent despite the challenges posed by the pandemic, ensuring employees were at the forefront."

For more information on P&G Ventures, its focus areas, and employment opportunities, visit pgventuresstudio.com and follow P&G Ventures on LinkedIn and Twitter.

To see the complete list, go to: www.fastcompany.com/best-workplaces-for-innovators/2021. Fast Company's Best Workplaces for Innovators issue (September 2021) is available online now, and the print issue will be on newsstands beginning August 17, 2021. Join the Best Workplaces for Innovators conversation using #FCBestWorkplaces.

ABOUT PROCTER & GAMBLE
P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. The P&G community includes operations in approximately 70 countries worldwide. Please visit http://www.pg.com for the latest news and information about P&G and its brands.

ABOUT FAST COMPANY
Fast Company is the world's leading progressive business media brand, with a unique editorial focus on innovation in technology, ethonomics (ethical economics), leadership, and design. Written for, by, and about the most progressive business leaders, Fast Company and FastCompany.com inspire readers and users to think beyond traditional boundaries, lead conversations, and create the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with its sister publication Inc. Stephanie Mehta is editor-in-chief.

ABOUT ACCENTURE
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world's largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.

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SOURCE Procter & Gamble