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Welcome to our press page. Here, you can find all relevant information on Chemovator. If you need any help, please do not hesitate to contact us directly. We are more than happy to help!

Chemovator GmbH

Chemovator is the business incubator of BASF – available for all BASF-employees with innovative ideas around chemistry. Complementary to the existing innovation landscape of BASF, Chemovator offers a protected space to test new business ideas, products and innovative services and turn them into investable and scalable business models. The wholly-owned subsidiary of BASF New Business GmbH is located in Mannheim. Here, Chemovator offers an unconventional startup environment with plenty of space for creativity. From early validation to successful commercialization, all Venture Teams receive support from experienced entrepreneurs and investors, who have built startups and new businesses from scratch. Their support ranks from coaching over mentoring to providing extended network opportunities.

Press releases

Chemovator & the media

"Das WHO IS WHO - vom Venture Capitalisten über den Inkubator bis zum Technologie-Zentrum… und noch viel mehr!"

"Intrapreneurs: the next big trend in corporate innovation"

Sifted
Sep. 24, 2019

"Cultivating Entrepreneurship inside BASF"

c&en
Jun. 22, 2019

"Gegen den Strom"

Rheinpfalz, Wirtschaft
Jun. 9, 2019

"Raum für verrückte Ideen"

Mannheimer Morgen, Wirschaft
May 14, 2019

"Wo Aniliner experimentieren"

Rheinpfalz, Wirtschaft regional
May 2, 2019

"Watchlist 100: Chemovator & Markus Bold #4 category Science & Health"

"BASF sucht innovative Ideen mit Chemovator"

Wormser Zeitung
Dec. 29, 2018

"Der Chemovator: Geschützter Raum für BASF-Mitarbeiter mit Geschäftsidee"

CHEmanager
Dec. 11, 2018

"BASF startet Geschäftsinkubator für neue Ideen aus dem Chemiebereich"

CHEMIE.DE
Dec. 11, 2018

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FAQ

What is Chemovator?

Chemovator is the business incubator of BASF. At Chemovator, every BASF-employee has the opportunity to turn his/her idea around chemistry into a scalable and investable business model.

What’s the mission of Chemovator?

Chemovator is the protected space to turn bold ideas around chemistry into thriving businesses.

What does Chemovator mean?

Chemovator is an amalgamation of 3 key words: Chemistry, Innovation and Incubator.

Why does Chemovator exist?

Chemovator is the tool for BASF to test early stage business ideas to explore unconventional growth opportunities. We deliver de-risked and investable business plans for BASF to internalize or to form BASF spin-off companies. Thereby, we do have a startup mindset – fast, lean & customer focused.

What is the Chemovator Journey?

The Chemovator Journey describes the process steps of Chemovator from ideation to exit.

The main phases are: Validation Phase to develop business hypothesis to be tested in the Incubation Phase. The goal of the Incubation Phase is to test all relevant business hypothesis to create a scalable business model & exit (spin-in or spin-off). The Chemovator Journey can take up to 21 months.

Who can take on the Chemovator Journey?

Chemovator is an internal entrepreneurship program of BASF. All BASF-employees are eligible to join Chemovator. It doesn’t matter from which unit they are coming from. However, it’s important to demonstrate a reference to chemistry with the venture idea.

What differentiates Chemovator from other incubators or accelerators?

Chemovator is an internal entrepreneurship program for BASF-employees with focus on ideas around chemistry.

Venture Teams in Chemovator:

- get the chance to focus 100% on their venture idea for up to 21 months
- have freedom from corporate boundaries while experimenting with early-stage ideas
- learn relevant skills in a tailored Entrepreneurship Program
- get access to unconventional resources and cross-industrial networks

Another competitive aspect is the joint work with experienced external founders and business angels, Entrepreneurs in Residence, who support the Venture Teams from the decision who joins Chemovator up to the successful market entry.

Where is Chemovator located?

Chemovator is a separate legal entity located in a refurbished former factory building in Mannheim (Industriestrasse 35, 68169 Mannheim, Germany).

Where can you find more information on Chemovator?

All relevant information is published on the Chemovator webpage. You can also follow us on our social media channels. If you are an BASF-employee, you can view relevant material in “Resources”. We also recommend experiencing Chemovator by joining one of our exciting events such as the Chemovator Startup Bootcamp!

You can check out latest events here.