BASF’s Investment in 3D-Printer Prismlab is First Direct Funding of a Chinese Company

Published by , November 9, 2018 2:41 pm

( BASF Venture Capital GmbH is investing in Shanghai based Prismlab, a leading provider of 3D printing processes and 3D printers in China. Prismlab has developed a patented printing process that is characterized by a very high printing speed, high level of precision and lower printing costs. “This is our first direct investment in a Chinese company,” said Markus Solibieda, Managing Director of BASF Venture Capital GmbH. “This investment supports BASF’s strategy of actively advancing our technologies and expanding our product offering in the 3D printing sector.”
“China is transforming from a manufacturing-driven to an innovation-driven economy. This investment in Prismlab reflects our commitment to further expanding our innovation capabilities in China, and BASF Venture Capital plays an important role in helping us identifying potential partners that lead us to success,” said Dr. Zheng Daqing, BASF’s Senior Vice President, Business and Market Development Greater China.

Tags: ,