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Bayer Industry Services offers a jump start to research-based fledgling companies
From September 14-16, 2007, Bayer Industry Services (BIS) will present the Bayer Chemical Start-Up Initiative at the "Start" fair in Essen (Hall 12, Stand B 42). The initiative is targeted at innovative start-up companies from the areas of materials science, chemistry, life sciences and technical systems. The BIS experts review business plans, provide support in the search for suitable financial models, advise on permit issues and arrange for a customized infrastructure at the Chemical Park sites in Leverkusen, Dormagen and Krefeld-Uerdingen. Once a new partner company has successfully located, the Bayer Chemical Start-Up Initiative will help with the integration into the existing know-how, technology and product networks of the Chemical Parks.
Start-up and research and development companies benefit from the low initial outlay required when locating to a Chemical Park. There are numerous opportunities for cooperation within the existing innovation network. As manager of the Chemical Parks, BIS helps turn innovations into new products, accompanying them in the course of their development. Current focuses of the Bayer Chemical Start-Up Initiative are coatings technology, nanotechnology, safety technology, energy systems, biotechnology and services for research and development.
About Bayer Industry Services (BIS)
A joint venture between Bayer AG and LANXESS AG, Bayer Industry Services (BIS) is the operator of the Chemical Park network with sites in Leverkusen, Dormagen and Krefeld-Uerdingen. In addition to Bayer AGís three operational subgroups and LANXESS AG, more than 60 manufacturing and service companies enjoy the benefits of being located in Germanyís largest chemical park network. With around 5,500 employees, BIS provides ideal conditions for business with a variety of integrated product networks and a comprehensive service portfolio. These include environmental services, logistics and technical services, environmental protection and safety, utilities, waste management, analytics and vocational training. BIS also offers some of these services to customers outside of the Chemical Parks.
More information is available at http://www.bayerindustry.com .
This news release contains certain forward-looking statements based on current assumptions and forecasts made by the management of Bayer Industry Services GmbH & Co. OHG (BIS). Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of BIS, or the actual realization of plans and projects described in this news release, and the explicit or implicit estimates given and/or the assumptions made herein. These factors include those discussed in any public reports about BIS filed by the Bayer Group with the Frankfurt Stock Exchange or with the U.S. Securities and Exchange Commission (including Form 20-F). In view of these uncertainties, we caution users not to place undue reliance on these forward-looking statements. We assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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