Hundreds of inventions, investments of millions
Innovation as a driver of growth
Innovation helps to address global challenges that are affecting us today and shaping our future. And innovation is the important source of growth for Bayer MaterialScience.
Source of growth: Bayer MaterialScience has many projects in the pipeline.
In 2012, the company spent 242 million euros on research and development, corresponding to 2 per cent of total sales. More than one fifth of the turnover was generated from products that are less than five years old.
There are many projects in the pipeline. And there are valuable results: in 2020 alone, roughly 250 patents were applied for – the outcome of the work of our innovation community, collaborating in international teams externally and internally. In total, 900 employees around the globe are working in the field of innovation.
Some of them have won awards for their achievements. The physicist Dr. Friedrich-Karl Bruder was given the Innovation Prize 2009 of the German State of North Rhine-Westphalia for the development of high quality holographic film material. The Bayer Group itself awards prizes to external scientists such as the Otto Bayer Award, the Early Excellence in Science Award and the Bayer Climate Award.