ICIG Ventures

An excellent article written by our colleague Michael Rötepohl at Chemiepark Lülsdorf GmbH. This piece gives insights into our collaboration with innovative young chemistry start-ups within the broader ICIG group. It highlights the fantastic work being done at Lülsdorf to foster a vibrant ecosystem for research, development, and sustainable industrial solutions. https://lnkd.in/eJTz7SJe 🔬 Chemiepark Lülsdorf is focused on staying attractive to both existing and new customers by constantly fostering innovation. The park contributes significantly to research and development (R&D), benefiting all stakeholders on site. 🤝 A core strategy involves attracting start-ups to develop new chemical production processes, repurpose existing ones, or tackle challenges like decarbonization and digitalization. Lülsdorf offers ideal conditions for incubation, with comprehensive support and real industrial settings. 🌱 The park leverages its industry connections to identify new process needs and products, supporting start-ups in developing and testing new technologies. This is particularly beneficial at the pilot plant stage, where practical experience and existing solutions play a crucial role. 🏫 The advanced start-up integration involves creating optimal value chains at the site, significantly boosting sustainability. By linking with academic research, Lülsdorf fosters a vibrant start-up community that benefits from mutual inspiration and collaboration within a professional industrial environment. #chemistry #startups #innovation #sustainability

We are excited to announce our investment in CELLUGY®, a Danish industrial biotech startup, is developing innovative, natural, biofabricated cellulose-based solutions to replace fossil-based materials in various industrial applications. The 4.9M€ seed round was led by ICIG Ventures and Denmark’s Unconventional Ventures, with new, U.S.-based investor Joyance Partners joining the round, along with existing investors PreSeed Ventures, The Footprint Firm, and Export and Investment Fund of Denmark. Cellugy is scaling up production of its EcoFLEXY dry cellulose product, moving from pilot to industrial-scale production to meet growing customer demand. The funding will support expanding manufacturing capacity, new product development partnerships, and enhancing Cellugy’s IP portfolio. “Investing in Cellugy represents a strategic step for ICIG Ventures, underlining our commitment to fostering innovations that drive sustainability in the industrial sector. Cellugy’s breakthrough in biofabricated cellulose technology not only aligns with our mission to support green technology but also promises to revolutionize the personal care industry and beyond,” added Dr. Pelin Yilmaz, Investment Director at ICIG Ventures. “This sustainable alternative to petrochemicals, coupled with Cellugy’s efficient business model and potential for cross-industry application, presents a compelling combination. We are particularly excited about the synergies in accompanying Cellugy in its scale-up journey. Our investment underscores our belief in Cellugy’s team, technology, and their vision for a more sustainable industry.” Dr. Isabel Álvarez-Martos Alvarez-Martos, CEO and co-founder at Cellugy, emphasized the importance of sustainable alternatives to petrochemical ingredients, particularly in the personal care industry. The company's innovative platform technology produces high-purity cellulose from sugar bioconversion, offering a biodegradable, bio-based alternative to traditional petrochemicals. We look forward to working together and the path ahead as we support Cellugy in their mission towards a more sustainable future! For the full press release, please follow the link: https://lnkd.in/eXNRBMvW

Pelin Yilmaz, our Investment Director, had the opportunity to attend the "Navigating the Climate Deep Tech Funding Landscape" event organized by DI Bio. The event provided a platform to engage with the Danish biosolutions ecosystem, facilitating discussions on the pivotal role of deep tech in addressing climate challenges. We value the connections made and insights gained during this gathering. Our thanks go to DI Bio, DI Startup, Export and Investment Fund of Denmark, and Food & Bio Cluster Denmark for bringing together key players in this important field. A special mention to @Michael Stub for documenting the event with wonderful photos. #ICIGVentures #Sustainability #ClimateTech #DeepTech #DIBio

Let's connect! Pelin Yilmaz, our Investment Director, will be at the 8th European Chemistry Partnering (ECP) event in Frankfurt on February 6, 2024. ECP is a key place for networking and idea-sharing in the chemistry industry. We're looking forward to great conversations and meeting many of you there. If you see Pelin around, feel free to say hi and chat! Together, let's shape the future of chemistry. #ECP2024 #Chemistry #Networking #Innovation #Frankfurt

Thank you Jano Costard, DEEP - Institute for Deep Tech Innovation, SPRIND - Bundesagentur für Sprunginnovationen for hosting, organizing, and making this a fantastic first session 💚