Merck and BASF acquire majority stake in InnovationLab

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,” said 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.
 
Martin Raditsch, CEO of InnovationLab, added, “By consolidating the joint research activities of academia and business under one roof, we have created a new, effective model for successful scientific transfer.”
 
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. 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," said Bjorn Hofman, Senior Vice President at Merck.
 
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 Euro 15 million, which was made possible through Euro 40 million in funding from the BMBF (2008-2013). An additional Euro 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-Wurttemberg.