02.11.19
EMD Performance Materials has announced that the Performance Materials business sector will become a strategic partner to EvoNexus, a high-tech start-up incubator with locations in San Diego and Irvine, California.
EvoNexus provides benefits to incubated start-ups, including alignment with other strategic partners and capital providers, long-term residency (up to 2 years), milestone-based incubation structure, and an extensive network of mentors, serial entrepreneurs and executives-in-residence, in addition to office and lab facilities optimized for collaboration and technology development.
“We operate in a complex ecosystem that makes it impossible to follow all developments and trends ourselves. This makes it all the more important to keep a close eye on technology developments and to enter into external partnerships in addition to having strong in-house R&D. Our partnership with EvoNexus puts us at ground zero for emerging technologies and use cases for our core businesses,” said Luiz Vieira, managing director and president of EMD Performance Materials in Philadelphia, Pennsylvania.
“EvoNexus excels at incubating start-ups in deep technology areas. Our program is structured to allow these companies to reach important inflection points that enable them to secure early-stage capital, develop corporate partnerships that refine their product strategy, build a minimal viable product and secure a priced venture round.”
“A recent example is an EvoNexus start-up semiconductor company that went from concept to working silicon and closed a $25M Series B financing from top-tier corporate investors in 14 months. The EvoNexus organization is honored to work with EMD Performance Materials, a business of Merck KGaA, Darmstadt, Germany a 350-year-old iconic German company to create products and technologies that impact their core businesses,” said Rory Moore, CEO and co-founder, EvoNexus of the new strategic partnership with EMD Performance Materials.
Within the scope of the EvoNexus and EMD Performance Materials partnership, a new group of start-up companies will be recruited and developed with an emphasis on areas of strategic interest to EMD Performance Materials in novel technologies, as well as for new materials in existing areas such as advanced displays, next-generation semiconductor materials and functional additives for surface coatings.
EMD Performance Materials will refine the areas of interest and selection criteria of the application round and participate in evaluating the applicants for potential partnerships, investment and admission to the EvoNexus incubator program. More details can be found here.
Additionally, Michael Matthews, EMD Performance Material’s Director of Partnerships, will join Evonexus’ Advisory Board.
EvoNexus provides benefits to incubated start-ups, including alignment with other strategic partners and capital providers, long-term residency (up to 2 years), milestone-based incubation structure, and an extensive network of mentors, serial entrepreneurs and executives-in-residence, in addition to office and lab facilities optimized for collaboration and technology development.
“We operate in a complex ecosystem that makes it impossible to follow all developments and trends ourselves. This makes it all the more important to keep a close eye on technology developments and to enter into external partnerships in addition to having strong in-house R&D. Our partnership with EvoNexus puts us at ground zero for emerging technologies and use cases for our core businesses,” said Luiz Vieira, managing director and president of EMD Performance Materials in Philadelphia, Pennsylvania.
“EvoNexus excels at incubating start-ups in deep technology areas. Our program is structured to allow these companies to reach important inflection points that enable them to secure early-stage capital, develop corporate partnerships that refine their product strategy, build a minimal viable product and secure a priced venture round.”
“A recent example is an EvoNexus start-up semiconductor company that went from concept to working silicon and closed a $25M Series B financing from top-tier corporate investors in 14 months. The EvoNexus organization is honored to work with EMD Performance Materials, a business of Merck KGaA, Darmstadt, Germany a 350-year-old iconic German company to create products and technologies that impact their core businesses,” said Rory Moore, CEO and co-founder, EvoNexus of the new strategic partnership with EMD Performance Materials.
Within the scope of the EvoNexus and EMD Performance Materials partnership, a new group of start-up companies will be recruited and developed with an emphasis on areas of strategic interest to EMD Performance Materials in novel technologies, as well as for new materials in existing areas such as advanced displays, next-generation semiconductor materials and functional additives for surface coatings.
EMD Performance Materials will refine the areas of interest and selection criteria of the application round and participate in evaluating the applicants for potential partnerships, investment and admission to the EvoNexus incubator program. More details can be found here.
Additionally, Michael Matthews, EMD Performance Material’s Director of Partnerships, will join Evonexus’ Advisory Board.
