June 6, 2007 -- BASF, the world's leading chemical company, is scouting Ontario for partnering and venture capital opportunities. Companies and research organizations that work in the fields below, should immediately send a one- or two-page description of their products or service to CATA. The description should include:
The deadline for submissions is July 1, 2007.
The submissions will be assessed for a fit by BASF. CEOs of companies that are of interest to BASF will be invited to attend a special "Lunch With Leaders" session in Toronto on July 12, 2007.
Two of BASF's business units, BASF Future Business (www.basf-fb.de) and BASF Venture Capital (www.basf-vc.de) are working with the Consulate General of Canada in New York and the Ontario Office in New York to scout for Ontario technology partnering/venture capital opportunities. Their interests are quite broad and fall within growth clusters identified by BASF: plant and industrial biotechnology, raw material change, energy management and nanotechnology. Within these growth clusters, chemistry or materials must play and enabling technological role.
BASF`s Future Business Group (based in Iselin, New Jersey) is responsible in-licensing, joint development and acquisition of new technologies. It is looking for start-ups, ideally with IP and a revenue path in "the foreseeable future". BASF-FB is not interested in fuels or bio-fuels, "red biotech", Information and Communication Technology, software or engineering.
The BASF Venture Capital Group (based in Fremont, California) has a similar focus with additional interest in drug delivery, clean technology such as fuel cells and batteries, and drug development.
BASF is the world's leading chemical company, with customers in 170 countries and revenues (2006) of US $66.1-billion. It has production facilities in 39 countries, and employs some 96,000 people. BASF Venture Capital North America was founded in 2001, to develop new technology and innovation. It has been active in Canada with two corporate investments in venture capital funds, Chrysalix and Pangaea Ventures Ltd., both in BC. It prefers to make investments in the $1-5-million range. The BASF Future Business Group has not yet been active in Canada. Its mission is to identify and develop new business segments for BASF Group, based on chemistry and/or related technologies, in markets with above-average growth rates.More information on BASF Venture Capital can be found at:www.basf-vc.deMore information on the Future Business areas can be found at:www.basf-fb.de
Advancing The Business of Technology
The Canadian Advanced Technology Alliance (CATAAlliance) is the biggest business development association for producers and users of advanced technology. The only organization representing all sectors of the economy, CATA's umbrella of special-interest, municipal, provincial and allied organizations directly reaches 20,000 technology executives and an additional 22,000 technology users. Dedicated to making Canadian organizations world-class makers and adopters of technology, CATA creates strategic partnerships, strengthens communities and networks, and promotes supportive public policy. For more than a quarter of a century CATA has been stimulating growth, driving commercialization and growing the advanced technology export industry for the Canadian economy. More information about CATA can be found onthe CATA Web site: www.cata.ca