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3M New Ventures

MissionStrategyOrganizationFocus AreasInvestment Portfolio

Mission

3M New Ventures was created to strengthen 3M's position at the leading edge of global innovation by complementing 3M's holistic innovation strategy with a focus on disruptive, early stage innovations outside of the company's existing portfolio. 3M New Ventures identifies and invests in the most promising new-to-3M technologies, services and business models with long term strategic relevance to 3M.

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Strategy

3M New Ventures seeks game changing opportunities, cutting-edge platform technologies, outstanding entrepreneurs and strong intellectual property positions in high-growth markets that are strategically important to 3M. With minority investments in start-up companies, 3M New Ventures creates not only financial value but most importantly strategic synergies between 3M and the venture.

As a strategic investor, 3M is an active partner of each portfolio company. Through constant interaction with the management and board of directors, active exploration of collaborative opportunities, and ongoing strategic counsel, 3M New Ventures aims to accelerate the portfolio company's growth and technical development, and to create value for both entities.

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Organization

As a part of 3M corporate, 3M New Ventures is headquartered in Munich, Germany and managed by its President Stefan Gabriel. All investment decisions are made by the New Venture Board, a committee of 3M C-level executives and other senior decision makers.

3M New Ventures’ global operations cover the major hotspots for innovation in Europe, Middle East and Africa (EMEA), the Americas, and Asia Pacific (APAC) like the USA, Brazil, Western Europe, Israel, Singapore, China and Taiwan.

New Ventures Organization

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Focus Areas

3M New Ventures focuses on disruptive technology and business model innovations in the following six strategic areas:

3M New Ventures Focus Areas

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Investment Portfolio

Since its start in 2008, 3M New Ventures has successfully completed over 20 transactions that are covering each of the strategic focus areas. The following list provides an excerpt of the portfolio:

Active Investments

3M GTG GmbH
3M GTG develops innovative digital media solutions for outdoor advertising. The company combines moving display hardware with software and content synchronization tools into one of a kind advertising solutions for outdoor bill boards, TV studios, and lighting systems.
7AC Technologies
7AC Technologies develops ultra high efficiency air conditioning systems that use up to 75 percent less electricity compared to conventional HVAC technologies. Our liquid desiccant and plastic membrane plate based air conditioning system licenses key technology from NREL/DoE and is designed to be a drop in replacement for existing rooftop HVAC systems on commercial and industrial buildings.
Ecovative Design LLC
Ecovative is a materials science start-up focused on the research and development of mycelium (the vegetative roots of mushrooms) as a new class of polymeric material, closing the gap between plastics and wood. The mycelium transforms local agricultural waste feedstock into filamentous low-cost structures made out of chitin, allowing for shock protection, insulation and flame resistance applications.
Energy Inc.
Energy Inc. is a developer of an energy management solution that allows residential and commercial users to precisely measure their energy production and consumption at device level, and to monitor such data in real-time over any internet-enabled device. As a result, Energy Inc. enables an improved management of energy loads, more control over devices’ energy consumption, and overall, the reduction of energy costs.
EnerVault Inc.
EnerVault develops and manufactures advanced redox flow battery solutions for distributed and grid-scale energy storage applications. Its unique system design and iron-chromium-chemistry allows for high scalability, low-cost and safe operations. The company already operates a full-scale 250kW/1MWh pilot system providing backup storage to a solar field in Turlock, CA.
HydroNovation Inc.
HydroNovation develops next-generation water conditioning systems for residential and food service industry applications based on Electro Deionization technology. The systems enable high quality drinking water for whole homes or buildings by reducing hardness minerals and potentially hazardous substances without applying chemical additives.
Lixivia SpA.
Lixivia offers a unique service for leaching of copper ore hydrometallurgical process based on the development of our patented technology. By using a catalytic process, it allows the in situ manufacturing and dosage for a reagent with high oxidation capacity and redox potential. Lixivia’s technology may be implemented in Green or Brown field projects, and it reports important economic benefits through an increased copper extraction, reduced OPEX and CAPEX.
Mersive
Mersive is a leading provider of visual computing software. By transforming hardware challenges into software solutions, Mersive has helped to create a new class of displays. Mersive driven products provide knowledge workers with affordable, easy-to-use visual display systems that foster interaction, facilitate decision making and cultivate creativity.
motionID Technologies AG
motionID develops a touchless identification system for cars. A passive RFID tag on the windshield of the vehicle enables access, payment, and automation services for B2C-applications like parking, car wash, or drive-thru.
Pixel Qi Corp.
Pixel Qi designs unique, innovative LCD screens that simultaneously solve problems not addressed by conventional screens offering portability, connectivity, long battery life and excellent indoor/outdoor readability in one device.
TaKaDu Ltd.
TaKaDu offers a cloud-based service for water utilities worldwide that turns water network raw data into knowledge and insight on network inefficiencies, hazards and water loss events. Its software-as-a-service business model allows easy deployment and use with a simple recurring service fee according to network size (OPEX). TaKaDu changes the economics of maintaining water networks and increases efficiency and savings. It already monitors 24/7 over 50,000km of pipes from customers in 8 countries.
txtr GmbH
Txtr is a leading provider of a turnkey or modular global digital eReading platform including content services and ingestion, back-end services and front-end applications. Txtr’s platform complies with industry standards such as Onix, ePub and PDF formats, and provides Adobe DRM across the eco-system. It also includes B2C and B2B2C ebook shop facilities with check-out functionally and reporting.
VocalZoom Systems Ltd.
VocalZoom develops a novel opto-electric speech-enhancement microphone for voice communication and voice recognition applications. Its unique technology enables high recognition rates under any noisy conditions, a key element for realizing the potential of speech in next generation user interfaces.
Zephyr
Zephyr Technology was founded in 2003, and has been a pioneer in the use of physiological status monitoring in training and high stress operational environments. The company's ongoing collaboration with sports teams, hospitals, fire departments, NASA Ames Research Center, and multiple US Special Forces has been invaluable in the development and validation of Zephyr's technology.

Exited Investments

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Innovation Brochure

Culture of Innovation
(English, PDF 2.5MB)

Download Brochure