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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 and accelerate speed to market for new products, business models or services. 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 are supported by 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

Business Punk

Watchlist 100: Chemovator & Markus Bold #4 category Science & Health
2019

Wormser Zeitung

BASF sucht innovative Ideen mit Chemovator
29.12.2018

CHEmanager

Der Chemovator: Geschützter Raum für BASF-Mitarbeiter mit Geschäftsidee
11.12.2018

CHEMIE.DE

BASF startet Geschäftsinkubator für neue Ideen aus dem Chemiebereich
11.12.2018

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Lisa Schneider
T +49 621 60 92350
E lisa.schneider@chemovator.com


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FAQ

What is Chemovator?

Chemovator is the internal business incubator for all BASF-employees! Chemovator is your protected space to turn bold ideas around chemistry into business.Chemovator is the internal business incubator for all BASF-employees! Chemovator is your protected space to turn bold ideas around chemistry into business.

Who can take on the Chemovator Journey?

All BASF-employees with a business idea which cannot be implemented in BASF/find a home in BASF, get the chance to turn their business idea into an investable and scalable business model.

What are the criteria to enter Chemovator?

Important admission criteria are: personal and professional fit of team and idea to Chemovator (+ valid contracts), reference to chemistry, team constellation, market, technical maturity of idea, and availability of financing/financing requirements.

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).

How does Chemovator work?

Up to 12 Venture Teams at a time get resources (time, space & money) to further develop their idea by testing business hypothesis.

Who works in Chemovator?

The Chemovator Team consists of three sub-groups who all work in Chemovator:

  • Chemovator Core Team: runs and develops Chemovator
  • Entrepreneurs in Residence (EiR): support the Venture Teams through networks, coaching and mentoring, but they also jointly develop the Chemovator concept together with the Chemovator Core Team

Apart, all Venture Teams get a working space in Chemovator