Meet the Buyer: Cambridge Display Technology

 

Deadline for Applications: 22nd of December 2021 

Venue: Online

 

What is a Meet the Buyer event?

Meet the Buyer events offer interesting opportunities for your company to get in touch with the leading enterprises in a variety of business sectors. The event is invite-only and will give you the chance to have an individual one-to-one meeting with key decision-makers.

Apply now to join the event, establish valuable collaborations, pitch your products and services, and discuss business partnerships that can fast-forward your company’s growth.

What is their business?

 

Cambridge Display Technology (CDT) is a wholly owned subsidiary of Sumitomo Chemical Co. (SCC), and acts as their European Research and Development arm. Sumitomo Chemical is a major chemical company with headquarters in Japan. SCC operates businesses in five sectors – Petrochemicals & Plastics, Energy & Functional Materials, IT-related Chemicals, Health & Crop Sciences, and Pharmaceuticals. It has more than 80 overseas facilities which enable global markets reach.

 

As well as working on our own research projects (which span from wave guide materials to water scarcity; from smart sensors to squeezed cities), in 2020 a new Corporate Venturing and Innovation activity was started within CDT, actively looking for new technologies and start-up companies that will help solve the challenges of society through the creation of innovation and new value, in synergy with SCC’s business.

We are interested in many areas of new technology, our innovation interest focuses on four priority areas: 1) Healthcare, 2) Environment and Energy, 3) Food, 4) Information and Communications Technology (ICT). Our work within these areas aligns with our parent company’s business philosophy to “contribute society through our business activities”. As a part of this approach, we are closely working with representatives from SCC to support our global decarbonization efforts towards carbon neutrality.

 

What are their needs? 

 

We are looking for technologies that can enable value recovery through the reuse or conversion of waste oil from manufacturing facilities. In particular, we are aiming to utilise one or all of the following waste oil streams to produce useful products (non-exhaustive examples of which are syngas, hydrogen, chemicals etc):

Stream 1 – 90wt% of total weight consists of aromatic compounds (naphthalene and derivatives). The remaining consists of saturated miscellaneous aliphatic hydrocarbons.

 

Stream 2 – 50wt % consists of aromatic compound with one ring and side chain with oxygen-containing functional groups such as aromatic ketones, alcohols and others. The remaining consists of miscellaneous aromatic compounds with one or two rings.

Stream 3 – 50wt % consists of aliphatic compound with oxygen-containing functional groups such as ketones, alcohols and others. The remaining consists of miscellaneous light hydrocarbons.

What can CDT offer to your company?

The Corporate Venturing and Innovation (CVI) team in CDT works closely with Sumitomo Chemical’s (SCC) business units and plays the role of innovation facilitator. Our goal is to create long term partnership between start-ups and SCC and to foster collaborations that benefit both parties.

We work with start-up companies to evaluate the suitability of their technology for Sumitomo Chemical’s targets, and building the pathway for technology adoption. In this role, CDT can offer support in development of technologies for new market applications through proof of concept projects. Once technical suitability has been shown, the CVI team can offer an introduction to the relevant business unit within Sumitomo Chemical. This could give the selected start-up an opportunity to collaborate with Sumitomo Chemical and benefit from its expertise in scaling up technologies and placing new products on the market.

I’m interested, what’s next?

 

Please fill the form below to register interest, we will contact you nearer to the closing date with updates on your application. You can read the full description of the call here.

If you have any questions, please contact Camila Vila by sending her an email to camila.vila@cambridgecleantech.org.uk.

 

Interested in Scaling Up? View our dedicated page to see what we have going on for you!