MOSCOW (MRC) -- Polish chemical group Synthos has signed an agreement with the National Centre for Research and Development (NCBR) to start an open innovation-based project for the chemical industry, said Chemicals-technology.
The joint-venture aims to develop a new generation of chemical products that will contribute to the chemicals industry in Poland.
NCBR Director Krzysztof Jan Kurzydlowski said: "Polish chemical companies have great potential. The best strategy to make use of this is to develop on the basis of new technologies."
"Investment in innovation allows to obtain a lasting competitive advantage. It is pleasing to me that one of the leaders of the Polish chemical market has decided to develop new technologies in co-operation with Polish scientists."
"Together with our partner we undertake the project, which will fund top level R&D that can increase the competitiveness of the Polish economy, and thus affect everyone's standard of living."
Under the agreement, both the partners will establish an open innovation permanent and cyclical support mechanism based on an open innovation model.
Under the agreement, the NCBR and Synthos will contribute public and private funds in R&D in an equal ratio, as well as sharing the risk.
The NCBR-Synthos agreement aims at developing an increased participation of entrepreneurs in R&D financing.
Synthos board chairman Tomasz Kalwat said: "A company which successfully competes on today's market is an innovative one, with an ability to create, implement and disseminate creative solutions.
"R&D investment is a permanent part of the development of Synthos. We hope that the joint-venture with the NCBR will result with interesting and innovative projects on a global scale."
As MRC informed earlier, Rosneft, Pirelli S.p.A. and Synthos S.A. signed a Memorandum of Understanding with regard to performing a feasibility study in the area of R&D, production and supply of synthetic rubber in the city of Nakhodka within the framework of the FEPCO (Far East Petrochemical Company) petrochemical cluster.
Synthos Group S.A. is one of the largest manufacturers of chemical raw materials in Poland. The Company is the first European manufacturer of emulsion rubbers and a leading manufacturer of polystyrene.The company offers high-grade, sophisticated technological products to a wide range of customers worldwide. Synthos S.A. is a company which was established following the merger of Firma Chemiczna Dwory S.A. and Kaucuk a.s.
MRC