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  Bayer Global
  Investor Relations
  Financial Reports 2005
 
Bayer launches global “Triple-i” initiative
2 of 15
 
“Triple-i” stands for inspiration, ideas and innovation. Bayer CEO Werner Wenning is pictured here in a photomontage with three “i” columns in the background.  
“Triple-i” stands for inspiration, ideas and innovation. Bayer CEO Werner Wenning is pictured here in a photomontage with three “i” columns in the background.
 
 
Leverkusen Why does wet grass clog the cutting mechanism of a lawn mower? Would it help if the blades and the inner housing were coated with a moisture-repellent material? Pioneering innovations are often sparked by simple ideas that benefit people and contribute to the quality of life. Developing such ideas is the aim of a new, Group-wide innovation initiative called “Inspiration, Ideas, Innovation” – or “Triple-i” for short.
 
All Bayer employees worldwide are invited to develop new business ideas. Some EUR 50 million has already been earmarked for 2006 alone to implement innovation projects resulting from this initiative. “Triple-i” is intended to further strengthen Bayer’s innovative culture and capability – without, of course, neglecting existing businesses or research activities.
 
“Anyone can think about whether there are important needs in the workplace, at home or elsewhere for which satisfactory solutions do not yet exist,” says Bayer AG Management Board Chairman Werner Wenning, explaining the basis of the new initiative. Wenning points out that many successful Bayer inventions have been sparked by unique ideas or driven by the personal commitment of individuals.
 
The company wants all employees throughout the Group to participate in the initiative and submit their ideas. “We have thousands of well-trained, creative experts in many areas,” says Wenning. “We want ‘Triple-i’ to arouse everyone’s enthusiasm and create a new culture of innovation throughout the enterprise.”

 
 
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