Covestro expands open innovation in China

Covestro is expanding its open innovation, or cross industry innovation with various partners starting from its Asia Pacific Innovation Center in Shanghai with the new concept of “Open Innovation Hub.”The move comes as the multi-industry ecosystems in China have evolved through open innovation principles that push the boundaries of the traditional industry sectors as well as for industry upgrade.The second China International Import Expo will be held at the National Exhibition and Convention Center in Shanghai from November 5 to 10, 2019.For further information about China International Import Expo, please visit: https://www.shine.cn/China-International-Import-Expo/ or
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“China is setting the pace for technologies and solutions in many areas that address future trends, and we see tremendous potential here to engage with different innovation partners,” said Holly Lei, President of Covestro China. “With the Open Innovation concept we take a step forward in implementing our ‘in China, for the world’ innovation strategy.”

The Open Innovation concept will support experts and partners with an infrastructure to work on five important pillars, for example in engaging with designers, start-ups and established customers to explore potential aesthetic and circular design of products.

The new approach enables experts to reach out into the ecosystems to find partners for sustainability topics and circular economy, and helps to build networks for industries and applications where Chinese developments take a leading role such as mobility, robotics, bio-materials and drones.

“We will bundle our open innovation activities under one umbrella now,” said Dr Michael Schmidt, Head of Innovation, Covestro, Asia Pacific. “We strive for a close and intense collaboration with our partners from all kind of industries with the goal to build a leading innovation ecosystem for our customers.”

Covestro has been active in connecting with start-ups, academia such as Tongji University and cross-industry partners even before implementing a branded open innovation concept in China.Covestro showed its materials for 5G at this year’s K Fair from October 16–23 in Düsseldorf, Germany. The materials are in fact a teamwork fruit, which is benefiting from Covestro’s open innovation concept.

As 5G is going to become the basis for a fully mobile and networked society, it is a key technology for the digitalization of all areas of life and the economy.The new technology enables close networking of devices such as cell phones, tablets, vehicles, household appliances, industrial plants and many others to form an Internet of Things (IoT).

With the installation of 5G, the demand for base stations, active antenna units (AAU) and other equipment will increase dramatically. Covestro is developing innovative and sustainable material solutions and contributing to a smart infrastructure, including sensor technologies and a digital communication environment.China is leading in 5G network deployment. Covestro’s global 5G team is working with Southeast University of China on the optimization of radio frequency data transmittance.