Entry Pitch

Your Entry Pitch is the official knock on our door to enter the Chemovator program. You have a business idea, formed a team and now you want to join Chemovator? With a successful Entry Pitch you will become one of our Venture Teams!

Important dates

  • Next Entry Pitch: September 22, 2020
  • Application deadline: September 1, 2020
  • Start of Chemovator Batch #3: November 2, 2020
  • Official kick-off: onboarding week trip: November 2 - 6, 2020

How do you become part of Chemovator?

Apply for the Entry Pitch

Submit your idea proposal and your expression of interest in the application portal.

What we would like to see from you:
- introduce your Venture Team members, their motivation and their skills
- describe the problem or market need you have identified
- explain how your business idea will benefit the customers
- provide an overview on the market environment and the competition
- tell us, what you want to achieve at Chemovator

Your solution should be innovative and new, but already have a certain level of (technical) maturity to allow quick market testing. You don't know if your idea ist ready, yet? We recommend all interested teams to join the Chemovator Startup Bootcamp first. Here, you can experience what it feels like to engage with Chemovator, get to know new working methods, learn practical tools and improve your pitch.

In 2020, two official Entry Pitch days will take place with fixed starting dates for the winning batch.
Once you receive the invitation, please provide your presentation or any other material you want to use one week in advance, so we can get familiar with the content.

Important:
- Once you made it through the Entry Pitch, you are part of Chemovator Batch #3
- Every venture in Batch #3 will start on November 2, 2020
- Each batch starts with one week of onboarding. Batch #3 will travel together from November 2 - 6, 2020

FAQ

Who can join the Entry Pitch at Chemovator?

Chemovator is looking for great people and ideas from BASF. Every BASF-employee can apply for the Entry Pitch. It does not matter from which department or function.

However, during the Entry Pitch, we only allow the pitching team and the jury to participate in the session. There are no guests allowed.

At present, we do not accept external applications.

Which teams is Chemovator looking for?

Chemovator is looking for motivated people, who formed great teams and found a unique solution to a customer problem.

You don’t have a team, yet. Can you still pitch at Chemovator?

We only take teams and no individuals, because we believe that many different skills are required to build a business. If you have issues with finding team members, we are more than happy to match you with potential candidates. Just let us know in the application file.

What ideas are suitable for Chemovator?

Your idea should be an original business idea. Not a technology pitch. Venture Teams can be formed around business proposals and ideas that are be related to the chemical industry in a broader sense. This obviously includes commercialization of advanced materials or chemistry but also B2B processes in general or digital offerings relevant to our industry.

As of today, no priority areas are defined, Chemovator is open to any venture idea from technology units, operation businesses, regions and functions. In the Entry Pitch, the idea will be judged on a standalone basis, case by case.
To find out about our current portfolio, check out our Venture Teams.

What are the requirements for participating?

You have to go through the formal application process, before you get an invite to the official Entry Pitch day.

Your solution should be innovative and new, but already have a certain level of maturity to allow quick market testing. You don't know if your idea is ready, yet? We recommend all interested teams to join the Chemovator Startup Bootcamp first. Here, you can experience what it feels like to engage with Chemovator, get to know new working methods, learn practical tools and improve your pitch.

What do you need to prepare for the Entry Pitch?

You have 10 minutes to pitch your idea and convince the jury of your project - it's your choice how you do that.
We will ask you, however, to provide your presentation or any other material you want to use one week in advance, so we can get familiar with the content.

How does the Entry Pitch work?

At the Entry Pitch, you present your idea to a jury consisting of Chemovator employees and our Entrepreneurs in Residence. The quality of the business proposal – presented verbally to the Chemovator jury at the Entry Pitch – will be an important element in the decision if your team will enter Chemovator.

The agenda usually looks like this:

- 10 min Pitch
- 20 min Q&A
- 25 min Jury discussion (without the team)
- 5 min Decision

If you convince the jury, you are accepted to enter our program as a Chemovator Venture Team. The jury can also invite your team to a Re-Pitch to address open questions or do some more research to facilitate a final decision. A Re-Pitch is typically scheduled one to two weeks after the Entry Pitch.

Who is part of the jury that selects the ventures to enter Chemovator?

The members of the Chemovator Core Team and the Entrepreneurs in Residence select, via majority vote, which ventures will enter Chemovator. There are no BASF jury members and we do not allow visitors or guests for any Entry Pitch.

What happens if you don't get accepted?

In case you get a negative answer from the jury, you will receive a detailed feedback from one of the jury members. They will tell you in person about the underlying reasons. Nevertheless, you can always take the feedback, learn from it and come back somewhen later :)

What happens if you and your Venture Team get accepted?

The first step after a successful Entry Pitch is a debriefing session with one of the jury members. Moreover, the Chemovator Core Team will contact you to clarify the next steps.

Generally, you start with a three month-long Validation Phase before you move over to the actual Incubation Phase.

Important:

- Once you made it through the Entry Pitch, you are part of Chemovator Batch #3
- Every venture in Batch #3 will start on November 2, 2020
- Each batch starts with one week of onboarding. Batch #3 will travel together from November 2 - 6, 2020

Learn more about:
What does this mean for your BASF position? Here.

What happens to you and your venture in the long run?

You and your team get access to Chemovator and its resources for up to two years. During this period you will develop idea into a fundable business plan. You will test and refine your offering with market and customer feedback. The Chemovator team and our Entrepreneurs in Residence will support you with guidance and coaching, office space, access to subject matter experts and many more tools to allow for a fast and targeted development of your venture.

Validation Phase: Initially you will go through a three-month long Validation Phase. Here you will define the key assumptions and risk factors of your business case and start testing these by gathering internal and external feedback. At the end of the Validation Phase you will pitch your findings and suggested next steps once more to our jury to apply to enter the Incubation Phase.

Incubation Phase: The Incubation Phase can last up to twenty-one-months and will either end in an spin-in, back into BASF, or a spin-off.

During your journey we will challenge the business idea and the team to see if things are on track, need to pivot or if major changes are needed. We know we are dealing with very early stage and high-risk ventures. It's natural that things do not play out as planned. In case we do not see the light at the end of the tunnel, ventures may also be terminated at any stage.

To us this is not a failure at all. Having tried is what counts along with the learnings that have been generated along the way.

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 Bootcamp to refine your idea with experts and learn how to pitch. Or join us at Open-Mic @ Chemovator to pitch, hear pitches and network in a casual and fun setting.

Want to join Chemovator?

BASF internal only

What do your colleagues think?

"You can have the best from the corporate and the startup world. This is the perfect combination."
- Wojciech Golembiewski, Venture Team SecureB2Brands

"Chemovator gives us contacts with great guys, a very positive environment, empowering us to our best performance."
- Arnulf Tröscher, Venture Team Koru Animal Nutrition

"In Chemovator, we have the the right to act as a free founder and on the other hand we are protected from the big bears!"
- Jens Schwarzkopf, Venture Team SecureB2Brands

"Exciting and thrilling are the words to describe our Chemovator Journey."
- Simon Champ, Venture Team Koru Animal Nutrition