China: Future Technologies Covestro Intensifies Research Collaboration in China
In response to current market trends, Covestro is further intensifying its cooperation with Tongji University in Shanghai to address the market needs even faster. The Covestro -Tongji Innovation Academy is now expanding its open innovation collaboration by focusing particularly on digitalization, enhancing EV battery performance, and deriving innovative materials to improve car interior air quality as well as exploring the Chinese robotics industry.
Leverkusen/Germany — For Dr. Markus Steilemann, CEO of Covestro, it’s obvious that China is on its way to become a leader in innovation for many important industry trends. The speciality chemicals company wanted to support this trend. The spirit of open innovation and open venturing with leading Tongji University, would help them push the boundaries for the industry together with their partners.
According to Prof. Dr. Wu Guangming, Vice President of Tongji University, Covestro’s substantial support, has allowed the Academy make significant achievements in the past eight years. He believes that, with the strengthened alliance, the Academy could help accelerate the industrialization of innovation results by further promoting business model innovation to the industry.
The Covestro-Tongji Innovation Academy was inaugurated in 2011. The academy is intensifing the collaboration in the field of market driven innovation, sustainability and commercialization. The Innovation Academy also offers funding of business model incubation for students of Tongji participating in an annual business plan competition. This is to further develop applications and commercialize students’ projects, as well as to establish their own start-ups.