Formed in 2010, DESCA's mission is to enable entrepreneurial scientists innovating in materials, chemicals, advanced materials, biochemistry, agriscience, and industrial biology commercialize their innovations while simultaneously ensuring that the innovation and entrepreneurial ecosystem meets the evolving needs of the industry. We do this by:
The global chemical industry is a $4 trillion industry, and, in the US, it contributes the largest non-defense trade surplus of any economic sector. Companies located in Delaware have a combined market cap of over $350B, and over $900M has been invest in innovation within a 25 mile radus of Wilmington since 2015. Furthermore, Delaware’s dynamic chemical, material, agriscience and industrial biology companies are evolving by producing new products with enhanced features and delivering better service, which results in more value on smaller volume.
These Delaware companies are reacting to market forces to make products from sources other than oil. In addition, more and more companies are choosing to innovate from the outside in: from open innovation, to joint development programs, strategic partnerships and increasing M&A activity, outside-in innovation can increase speed to market.
The area is home to world-class research universities with strengths in chemistry and chemical engineering. The University of Delaware alone has a top 10 ranked Chemical Engineering program and multiple research institutes directly related to sustainable chemistry, such as the Center for Composite Materials, the Energy Institute, the Center for the Study of Metals in the Environment, the Catalysis Center for Energy Innovation, and the Delaware Environmental Institute.
Add to this Delaware's existing technology talent, and the region is uniquely positioned as a global chemistry research and commercial center, hosting a wealth of chemical talent with a growing focus on innovation and the implementation of digital technologies within the industry.