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Opening doors to innovation

Published: 17 January 2017

Chemical companies are increasingly using specialist investment arms to nurture new ideas

...BASF Venture Capital was set up in 2001 and has €175 million to invest. So far, it has backed 35 start-ups, mostly with direct investments of €1–6 million. Active since 2012, Evonik has made 13 investments and plans to invest €100 million in total. ‘There is a realisation that the only way to win is through innovation. And more industries are becoming more competitively intense,’ says Corey Phelps, professor of strategy and organisation at McGill University in Montreal, Canada. A wave of CVCs among all industries, led by the technology sector, began building around 2005.

Read full article: Chemistry World, January 17, 2017 

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