Innovating for the future: BASF expands innovation ecosystem by engaging start-ups
- BASF supports start-ups to drive innovation for future mobility, smart city and Internet of Things (loT)
- Program partners included Price Waterhouse Coopers, Robert Bosch Smart Life China, and NIO
Shanghai, China – 10 September 2019 – BASF has announced the winners of its Startup Engagement Program recently launched in Asia with Bosch (Shanghai) Smart Life Technology Ltd, Price Waterhouse Coopers, and NIO, a multinational electric vehicle company headquartered in China. The program aims at providing a unique opportunity for digital innovators to create innovative solutions using BASF’s advanced materials in the fields of future mobility, smart city, smart home, and Internet of Things (IoT).
BASF, together with its partners, selected 6 out of over 5,000 startups identified by Price Waterhouse Coopers, to present their breakthrough concepts for applications including the transportation, industrial and consumer industries.
“We believe innovation and technology can address some of the biggest challenges in our society. Together with promising business innovators, and backed by our material expertise, competences and strong R&D network, we can fuel their creativity and explore possibilities for new products and applications,” said Andy Postlethwaite, Senior Vice President, Performance Materials Asia Pacific, BASF.
Among the selected startups, FlyingWings and Sensoro received the Partnership Awards for their household robot and fire security IoT solutions. Also, TMiRob was recognized with an Innovation Award for its concept of smart robots for hospitals.
BASF and FlyingWings are collaborating on a household robot project based on BASF’s innovative material solutions. Through the Startup Engagement Program, BASF will continue to work with different partners and business innovators to explore opportunities across technology, supply chain, business models and investments.
About BASF’s Performance Materials division
BASF’s Performance Materials division encompasses the entire materials know-how of BASF regarding innovative, customized plastics under one roof. Globally active in four major industry sectors – transportation, construction, industrial applications and consumer goods – the division has a strong portfolio of products and services combined with a deep understanding of application-oriented system solutions. Key drivers of profitability and growth are our close collaboration with customers and a clear focus on solutions. Strong capabilities in R&D provide the basis to develop innovative products and applications. In 2018, the Performance Materials division achieved global sales of €7.65 bn. More information online: www.plastics.basf.com
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 122,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of around €63 billion in 2018. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
