BASF INVESTS $2 MILLION INTO ALCHEMIST ACCELERATOR TO DRIVE 3D PRINTING MATERIAL DEVELOPMENT

3D Printing Industry | 2/22/2019 | Beau Jackson
bab_ohhbab_ohh (Posted by) Level 3
Click For Photo: https://3dprintingindustry.com/wp-content/uploads/2017/07/P278_BASF_317-B-3234-1024x684.jpg


Click For Photo: https://3dprintingindustry.com/wp-content/uploads/2017/07/P278_BASF_317-B-3234.jpg

Multinational chemical company BASF has invested $2 million into the Alchemist Accelerator through BASF Venture Capital GmbH (BVC), to drive new technologies such as 3D printing.

The Alchemist Accelerator is a new venture-backed initiative focused on developing seed-stage technology-based ventures that monetize from enterprises (not consumers). According to BASF, approximately half of this investment will go to additive manufacturing, as well as materials informatics, nutrition and agricultural technology (agtech).

Alchemist - Reputation - Ecosystem - Alchemist - Partner

“Alchemist has built a strong reputation for attracting the best in the digital ecosystem. We are thrilled to officially join Alchemist as a Limited Partner,” said Markus Solibieda, Managing Director at BVC.

“DIGITALIZATION REPRESENTS UNPRECEDENTED OPPORTUNITIES TO CREATE VALUE FOR OUR CUSTOMERS AND DEVELOP NEW BUSINESS MODELS. BY INVESTING IN A DIGITALLY-FOCUSED FUND, WE PROMOTE INNOVATIONS AT THE INTERSECTION OF CHEMICALS AND TECHNOLOGIES LIKE ARTIFICIAL INTELLIGENCE, INTERNET OF THINGS AND ROBOTIC.”

BASF - Heidelburg - Germany - Photo - BASF

BASF in Heidelburg, Germany. Photo via BASF.

Alchemist Accelerator, the Californian venture-backed business incubator, was established in 2013. It seeds 75 startups a year and provides a structured path toward their first customers and fundraising.

Result - Initiative - Companies - Funding - Ventures

As a result of this initiative, 24 companies have been acquired and received funding from capital ventures. This includes Andreessen Horowitz, Bessemer Venture Partners, and Draper Fisher Jurvetsonone. The 6-month program offered from Alchemist provides ventures with enterprise coaches, early adopter customers, and investors.

BVC will act as a Limited Partner in the Alchemist Accelerator. The company’s main objective is to promote innovations at the intersection of chemicals and technologies. Ravi Belani, Managing...
(Excerpt) Read more at: 3D Printing Industry
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