Germany, 3M Invests in MAMA Sustainable Incubation AG
Summary
Headquartered in Seefeld, Germany, 3M New Ventures identifies highly innovative companies and future technologies.These opportunities include investments in the strategic sectors of energy, water, architecture, media, healthcare and safety and security, with linkages to 3M.Commenting on the transaction, Stefan Gabriel, president, 3M New Ventures, was quoted as saying: “This investment reflects both our long-standing commitment to environmental sustainability and our passion for innovation.“With 3M’s support, MAMA will seek, explore and develop early-stage innovations to enable scalable solutions to the world’s sustainability challenges”.With operations starting in early 2010, MAMA specializes in the development of successful sustainable technologies and businesses.