Nouryon announced that it will invest in Icos Capital Fund IV, a collaborative venture capital fund connecting corporations and financial institutions with start-ups that have a potential for fast growth. The investment strategy of the Icos Capital Fund IV will be focused on new and emerging technologies in the areas of sustainable industry, decarbonization technologies, circular economy, and sustainable food systems.
“At Nouryon, we are focused on offering innovative and sustainable solutions for our customers,” said Philip Clark, senior vice president and chief technology officer, Nouryon. “Our investment with Icos provides Nouryon with an effective way of screening a very large number of start-ups and emerging technologies that are in and adjacent to our key end-markets with a focus on accelerating sustainability.”
Nouryon’s corporate partnership with Icos Capital goes back to 2017, with an original investment in Icos Capital Fund III, which has enabled several strategic partnership discussions and insights into innovation critical to Nouryon.