12 – 24 – 35: These are the most important figures of the Chemovator, the newly founded incubator of BASF. Up to 12 dynamic Venture Teams have up to 24 months to bring their innovative and chemistry related business ideas to the market. Since August 2018, all BASF employees with ambition to explore entrepreneurship find a new home in the Industriestraße 35 in Mannheim. The Chemovator complements the existing innovation landscape of BASF and grants access to new business segments and growth.
“BASF is the home of many clever heads with entrepreneurial ideas. We support exactly these colleagues to test their ideas around new products, digital business models or comprehensive all – round solutions and bring them efficiently to the market”, explains Dr. Markus Bold, Head of Chemovator, about the mission of the incubator. The team has set up a unique infrastructure to support incoming Venture Teams. Successful external entrepreneurs, so called “Entrepreneurs in Residence” coach the Venture Teams and support the development of an idea into an investable business plan.
The first five Venture Teams move into the Chemovator
Since beginning of August preparations are settled, and the Team around Markus Bold welcomes the first five Venture Teams, who have delivered successful pitches to join the Chemovator. The Venture Teams cover a great variety of business ideas: Starting from soil performance additives for agriculture or a smart polymer platform for cell and tissue cultures, to a software solution for the construction industry to an app-based logistics solution.