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

12:05 PM, 14th August 2014

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.

0 Comments

Your Comments (Up to 2000 characters)

Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Submit

COLOGNE, GERMANY/GASTONIA, US: Specialty chemicals company Lanxess is expanding its Gastonia, North Carolina, US compounding facility for high-tech pl ...

Scientists produce new drug in fight against Ebola virus

AUBURN, US: An Auburn University research team has produced a new drug candidate that could one day slow or even stop the deadly Ebola virus. The disc ...

Foam helps maximize enhanced oil recovery

HOUSTON, US: A Rice University laboratory has provided proof that foam may be the right stuff to maximize enhanced oil recovery (EOR). In tests, foam ...

Evonik builds plant for mepron production in Alabama, US

ESSEN, GERMANY: Evonik Industries has begun construction of a new plant to produce Mepron in Mobile, Alabama, US. Mepron is a special Evonik formulati ...

Newly developed sponge helps soak up carbon dioxide

SAN FRANCISCO, US: A sponge-like plastic that sops up the greenhouse gas carbon dioxide (CO2) might ease our transition away from polluting fossil fue ...

Scientists study birth of the sun