What type of innovation does BASF primarily aim for through its partnerships?

BASF primarily aims for collaborative innovation through its partnerships. This approach emphasizes working together with other organizations, including customers, suppliers, and research institutions, to combine expertise and resources. Collaborative innovation helps BASF tap into collective knowledge and address complex challenges more effectively. By fostering an open exchange of ideas, BASF can develop solutions that are beneficial for all parties involved, enhancing creativity and accelerating the innovation process.

The focus on collaboration aligns with BASF's strategy of leveraging synergies to create value. It allows the company to be more agile in responding to market demands and encourages a shared vision for sustainability and technological advancement. As a result, partnerships become crucial for driving forward-thinking initiatives and developing new products that meet the evolving needs of various industries.