Chemistry Goes Digital: Startups Corporates Sciences

By 21. December 2018Events, News, Technology
News

Chemistry Goes Digital: Startups Corporates Sciences

An original type of workshop bridges the gap between analog and digital methods in the chemical industry

On November 26, the Smart Data Forum, the Federal Association of German Startups and the Chemical Invention Factory hosted a one-day workshop to evaluate the challenges of digitization in the chemical industry. For the first time, chemical and tech startups, representatives of the largest German chemical companies, scientists and other experts came together to identify unexploited business potentials as well as risks of digitization along the chemical value chain.

In five workshop streams, participants explored the potentials in the areas of procurement, research and development, supply chain management, production as well as marketing and sales for possible applications for digital business models.

A key lesson from the workshops was that successful digitization is only possible on the basis of an data flow strategy within companies, through which value can be generated and thereby allowing data flow from the laboratory to production and back. Collaboration with external partners such as startups or research institutions is also an important part of the digitization strategy, which secures access to innovation.

The disruptive power of digitization has not yet infiltrated the traditional chemical industry as much as in other industries. On the one hand, this offers a lot of potential for the young chemical startups as providers of innovative digital solutions. On the other hand, Germany’s third-largest industry is in danger of miss out on a trend and thus lose useful sources of added value.

The original format of “Chemistry Goes Digital” has set a promising process of dialogue in motion. Due to an overwhelming feedback from the participants, a follow-up event is already being planned.

© Bundesverband Deutsche Startups  e.V.

Great atmosphere after the intensive collaboration in five workshop streams.

© Bundesverband Deutsche Startups  e.V.

Key terms from the workshop “Marketing & Sales”