BASF invests €1 million in organic semiconductor inks firm, SmartKem

BASF invests €1 million in organic semiconductor inks firm, SmartKem

12:05 PM, 14th August 2014
BASF invests €1 million in organic semiconductor inks firm, SmartKem

LUDWIGSHAFEN, GERMANY: BASF Venture Capital has invested €1 million in the technology company SmartKem, based in St Asaph, Wales, UK. The total investment of the financing round was €3 million. Further investors with equal terms were Octopus Investments and Entrepreneurs Fund. SmartKem is a leader in research and development of high performance organic semiconductor inks.

“The future belongs to flexible displays. First flexible smartphones are already in the market. Customers will benefit from a lot of useful lightweight, fully flexible and rollable electronics products based on organic TFTs. Our investment in SmartKem and our extensive Joint Development Program will take us a great step forward in bringing this future-oriented technology faster to the market,” said Dirk Nachtigal, Managing Director, BASF Venture Capital.

 

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