Dow to participate at the final stage of IQ-CHem, the Sixth International Projects Contest in Russia
Dow takes part as a member of the jury committee of IQ-CHem at Skolkovo Startup Village 2017
The Dow Chemical Company (NYSE: DOW) is taking part in the jury committee of the final stage of IQ-CHem, the sixth international projects contest in Russia, on June 7 at Skolkovo 2017 Startup Village, a major start-up conference in Moscow. Sibur, as the main organizer of the contest, has already announced that 12 startups were selected for the final contest. The applicants included teams from Belgium, Germany, Russia, the USA, the Czech Republic and Switzerland.
Dr. Joost Waeterloos, Sr Technology Scout for EMEA in Dow’s Ventures & Business Development group will represent Dow in the final contest of the jury committee and will have face-to-face coaching sessions with startup finalists before their presentations.
“I look forward to meeting the finalists of IQ-CHem and interacting with them as part of the startup competition. And, surely, it will be very intriguing and interesting to find out the winner of IQ-Chem. This project is an exciting event bringing together Corporations, Investors and startups to accelerate innovation and bring positive changes to the chemical industry,” said Waeterloos.
In addition, Waeterloos will participate in a round table discussion on “Chemical & Petrochemical Corporations Relationships with Startups: Success Stories & Lessons Learned” on June 7.
Arthur Eritspokhov, Dow’s regional leader in Russia and CIS, stated: “Innovations and high-tech technologies are vital not because it’s a trend, but due to the fact that it improves people’s lives, the environment, industries, and economies in the fast changing world. Dow is a worldwide chemical leader that always strives to find the best solutions for our customers to address society’s greatest needs. The petrochemical industry in Russia needs modernization and development and I believe IQ-CHem is an excellent opportunity for start-ups which desire to realize their projects and change the industry for the better. I am confident that Dow and other partners will benefit from their participation in IQ-CHem as the idea of the contest is very promising.”
IQ-CHem is an international contest among start-ups in chemical and new materials sciences. The focus of the contest is to find innovative and high-tech projects in the petrochemical industry to help drive further development and growth. The best startups will be offered an opportunity to cooperate with global chemical leaders and receive monetary prizes. The total prize fund amounts to USD $55,000. More than 1,000 projects have been submitted by aspirants within the five-year history of the contest. This year IQ-CHem acquired a new format attracting chemical corporations and venture funds seeking opportunities of cooperation with promising startups.
SIBUR is Russia's largest integrated gas processing and petrochemicals company. We are building a strong, internationally competitive and resilient business with unique advantages and opportunities for profitable growth. As of 31 December 2015, SIBUR operated 26 production sites, had over 27,000 employees and served more than 1,400 large customers in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical, and other industries in approximately 70 countries.
About Dow in Russia and CIS
Dow in Russia and the CIS, supported by its experience, size and global presence, is passionately committed to further develop close partnership with local companies to strengthen the business, while accelerating the growth of the chemical industry in the region and increasing its competitiveness in an international context. In addition to its representation offices in Moscow (Russia), Kiev (Ukraine) and Astana (Kazakhstan), the Company has two manufacturing facilities in Ramenskoye (Moscow Region) for the production of additives for paints and coatings, and in Vladimir where the Dow Izolan joint venture company inaugurated in 2009 its state-of-the-art manufacturing plant for the production of polyurethane systems. Dow is a Worldwide Partner and the Official Chemistry Company of the Olympic Games. As the Official Carbon Partner of Sochi 2014 and a key supplier of multiple technologies that helped to enable the Games, Dow played a key role in the organization of the first Olympic Winter Games in Russian history. Sochi 2014 opened up tremendous business opportunities for Dow, our customers and partners, and provided an international stage to showcase the broad range of the Company’s higher-performing and more sustainable innovations for the field-of-play and our daily lives. More information about Dow Russia can be found at www.dow.ru.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems, such as the need for fresh food, safer and more sustainable transportation, clean water, energy efficiency, more durable infrastructure, and increasing agricultural productivity. Dow's integrated, market-driven portfolio delivers a broad range of technology-based products and solutions to customers in 175 countries and in high-growth sectors such as packaging, infrastructure, transportation, consumer care, electronics, and agriculture. In 2016, Dow had annual sales of $48 billion and employed approximately 56,000 people worldwide. The Company's more than 7,000 product families are manufactured at 189 sites in 34 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.