Since its creation, the Innovation Circle has supported more than 30 projects, of which some are mature and require capital for their development. To meet this need, the Innovation Fund was set up in 2015 to invest in innovative start-ups and companies active in the field of chemistry and life sciences.
The Fund has a starting capital of 13 billion euro and will last for 12 years, with the capital coming from companies in the sector (such as Total, Solvay, BASF, Sioen, Recticel and Soudal), and from public and private financial institutions. Investments focus on material sciences, process technology, cosmetics and hygiene, bio-sciences and recycling.
Through the Innovation Fund, essenscia and François Cornelis have created a one-stop shop for creative and innovative companies in the Belgian chemistry sector.