Welcome to Chemovator
Chemowhat?
Chemovator is your protected space to turn bold ideas around chemistry into thriving businesses.
We are 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
We have a startup mindset – fast, lean & customer focused
What do we offer our Venture Teams?
Protected space
We ensure independence and autonomy from classical corporate structures and processes.
Learning organization
We embrace a culture of fail-fast and see mistakes as opportunities to learn.
Supporting structure
Our operational support allows Venture Teams to fully focus on their business idea.
Commercial relevance
Our focus lies on business incubation driven by market and customer feedback.
Professional coaching
Our experienced external founders and investors mentor and support our Venture Teams.
Networks
We provide access to unconventional resources and external networks.
How do we work?
Setup
Our Venture Teams form the center of our attention
Venture Teams
Dedicated teams of 2-3 people
Max. 12 teams
Turn business ideas into scalable business models
Chemovator Core Team
Run and develop Chemovator
Support the Venture Teams from behind the scene
Meet our Core TeamChemovator Journey
- Chemovator Startup BootcampOptimal preparation for your business idea
- Open-Mic @ ChemovatorGet to know Chemovator
Entry Pitch
Idea owners pitch their venture idea
Validation Phase
- IdeaTest & refine initial assumptions
- Early market feedback
- Build & test prototype
End-of-validation Pitch
Venture Teams pitch their validated business idea and hand in and investment proposal with the use of proceeds of the planned investment
Incubation Phase (approx. 8-12 months)
- Refine & validate assumptions
- Write business case
- Build team
- Refine product / market test
- Master the Entrepreneurship Program
- Generate traction, scalability and revenue
- Prepare exit
Investor Readiness Meeting (to trigger second tranche investment)
- Check point for investor readiness
- Kick-off fundraising process for future financing
Exit Readiness Meeting (3 months before exit)
Final check before spin-off & foundation of legal entity
End of Chemovator Journey
- Spin-off
- Venture Team members return to BASF or found their own business
Want to join Chemovator?
We are always searching for highly motivated intrapreneurs who want to turn their ideas into reality with our help.
You have a business idea, formed a team and now you want to join Chemovator?
Not sure or not ready yet?
There are other ways to engage with us and our community prior to a pitch: Join us in one of our Startup Bootcamps to refine your idea with experts and learn how to pitch. Or join us at one of our Open-Mic sessions to pitch, hear pitches and network in a casual and fun setting.