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BASF and Merck Boost InnovationLab Involvement in Heidelberg - By acquiring a majority stake in InnovationLab GmbH, Merck and BASF are increasing their involvement in order to continue the successful scientific work of the Heidelberg-based research and transfer platform for organic electronics - InnovationLab.de
BASF and Merck Boost InnovationLab Involvement in Heidelberg

 

NewswireToday - /newswire/ - Heidelberg, Germany, 2014/05/12 - By acquiring a majority stake in InnovationLab GmbH, Merck and BASF are increasing their involvement in order to continue the successful scientific work of the Heidelberg-based research and transfer platform for organic electronics - InnovationLab.de. DE000BASF111

   
 
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• Merck and BASF have acquired a majority stake in InnovationLab GmbH;
• Over 100 scientists conduct research on future-oriented applications in the field of organic electronics.

By acquiring a majority stake in InnovationLab GmbH, Merck and BASF are increasing their involvement in order to continue the successful scientific work of the Heidelberg-based research and transfer platform for organic electronics in the Rhine-Neckar metropolitan region. InnovationLab GmbH arose from the Forum Organic Electronics cooperation network, which until the end of last year was funded by the German Federal Ministry of Education and Research (BMBF) within the framework of the leading-edge cluster competition.

“By continuing with InnovationLab GmbH, we have reached a key goal of the leading-edge cluster competition, that being to build a bridge between business and science,” says Karl Hahn, Senior Vice President at BASF. Merck and BASF have increased their interest to 70% together with the University of Heidelberg and the Karlsruhe Institute of Technology (KIT) they will make up the advisory board of the research platform. “By consolidating the joint research activities of academia and business under one roof, we have created a new, effective model for successful scientific transfer,” says Martin Raditsch, CEO of InnovationLab.

Around 100 scientists currently work at InnovationLab on projects relating to printed and organic electronics. Rapid research success prompted both companies to boost their involvement. “Thanks to the shared infrastructure, we can deploy resources more effectively and accelerate development cycles,” says Bjorn Hofman, Senior Vice President at Merck. “The R&D collaboration between business and science is thus facilitating the rapid transfer of discoveries into marketable products, forming the ideal basis to foster young talent.”

InnovationLab GmbH stems from an initiative in the Rhine-Neckar metropolitan region and was jointly founded by companies and universities in that area together with Merck. Research operations started in 2011 with a high-tech lab for printed and organic electronics costing more than €15 million, which was made possible through €40 million in funding from the BMBF (2008-2013). An additional €40 million was contributed by industrial partners of the cluster. The setup of the cluster structure was supported by the German federal state of Baden-Württemberg.

About InnovationLab GmbH
iL (innovationlab.de | forumoe.de) is an application-oriented research and transfer platform of business and science in the Rhine-Neckar Metropolitan region. At iL, one focus is the development of strategies for the Leading-Edge Cluster Forum Organic Electronics as well as the coordination of the cluster partners’ joint activities. iL is supported by the Universities of Heidelberg and Mannheim, the Karlsruhe Institute of Technology (KIT) and by the companies BASF SE, Merck, Heidelberger Druckmaschinen AG and SAP AG. iL's goal is to create research platforms which allow the partners to work together under one roof across all disciplines and along the entire value chain. The company mainly focuses on cooperative research, transforming inventions into marketable products, and training the next generation. iL is initially working on the future technology of printed and organic electronics, forming a central component of the strategy for success of the BMBF Leading-Edge Cluster Forum Organic Electronics . As part of the promotion of this excellence cluster, many research projects are being driven forward at InnovationLab GmbH, including the development of semi-transparent organic solar cells or organic sensors for medical applications.

About the Leading-Edge Cluster Forum Organic Electronics
In autumn 2008, the German Federal Ministry for Education and Research (BMBF) named the cluster Forum Organic Electronics the winner of their Leading-Edge Cluster Competition. The Leading-Edge Cluster Forum Organic Electronics is a cooperative network which currently consists of fifteen international corporations, among them three DAX-listed companies, five mid-sized companies and ten research institutes and universities. The cluster partners are working jointly on the realization of innovative applications and products in the field of printed and organic electronics. The joint research is focused on the environment-friendly energy production employing organic photovoltaics, the economical use of energy by means of organic light-emitting diodes and the resource-conserving production of electronic circuits, memories and sensors. The cluster’s special competency is its know-how in printing technologies as a cost-effective production method for organic electronics devices.

About BASF
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

 
 
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BASF and Merck Boost InnovationLab Involvement in Heidelberg

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BASF | InnovationLab GmbH
Publisher Contact: Christian Böhme - BASF.com 
+49 621 60-20130 christian.boehme[.]basf.com
 
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