BASF Invests in Alchemist Accelerator

  • Alchemist will fund digital startups driving growth of the chemical industry
  • BASF accelerates its outreach towards technologies like artificial intelligence, internet of things and robotics

BASF Venture Capital is investing $2 million into Alchemist Accelerator’s fund, allocating at least half towards investments in 3D printing, agtech, material informatics, nutrition, and technology game-changers.

The investment supports BASF’s strategy to leverage digital technologies to drive business growth.

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“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 BASF Venture Capital. “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,” Solibieda continued.

See the full story at CropLife.com.