Organic Semiconductor Ink BASF Funds British Technology Company with One Million Euro
BASF wants a piece of the future business with flexible displays: The chemical giant's venture capital subsidiary has joined a financing round for UK based Smart Kem. Together with Octopus Investments and Entrepreneurs Fund, a total of three million Euro were provided.
St. Asaph/United Kingdom – One of the three million Euros came directly from BASF. Smart Kem, based in St. Asaph, Wales, is a leader in research and development of high performance organic semiconductor inks. These inks are used in printed thin film transistors (TFTs), which drive unbreakable and fully flexible electronics, for example leading-edge flexible OLED (Organic Light Emitting Diodes) displays.
“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 Smart Kem 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.