14.05.2014 • News

Merck and BASF Up Stake in Organic Electronics Start-up

Germany's Merck and BASF are continuing their support for InnovationLab, the new start-up company for organic electronics that emerged from the Forum Organic Electronics R&D cooperation network.

The two chemical producers have increased to 70% their interest in the Heidelberg company funded until the end of 2013 by the German Federal Ministry of Education and Research (BMBF) as part of its leading-edge cluster competition.

Other partners are the University of Heidelberg and the Karlsruhe Institute of Technology (KIT).

"By consolidating the joint research activities of academia and business under one roof, we have created a new, effective model for successful scientific transfer," Martin Raditsch, CEO of InnovationLab.

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The CBA, led by CEO Tim Doggett, is steering the UK chemical supply chain through trade uncertainty, sustainability pressures and logistics challenges, as he explains in this interview with CHEManager.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.