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Business

Investing in advanced materials

September 11, 2006 | A version of this story appeared in Volume 84, Issue 37


COMPLEMENTARY
Venture investment will complement Ciba research in pigments and photoinitiators for liquid-crystal displays.
Credit: Ciba

Three European chemical companies are lead investors in a $50 million venture capital fund that will put money into early-stage advanced materials companies in North America. The firms−BASF, Ciba Specialty Chemicals, and Solvay−aren't disclosing their specific contributions to the fund, organized by Vancouver, British Columbia-based Pangaea Ventures. However, through Pangaea, they say they hope to learn about specialty chemical opportunities in developing nanotechnology, energy, and environmental technology businesses.

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