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Welcome to the Baekeland Fund website

Baekeland Fund I NV, a seed capital fund set up in the beginning of 1999 as a joint venture between Ghent University, VIV and GIMV, was established for the purpose of investing in growing, innovative companies that are commercializing technology developed within Ghent University. This fund was set up with capital of 3,6 mio euro. Baekeland Fund I was put into liquidation at the beginning of 2009.

In September 2005, the partners of the Ghent University Association, together with Fortis Private Equity Belgium, KBC Private Equity, Ethias, Volksvermogen and the ARKimedes Fund, established a second university seed capital fund: Baekeland Fund II NV. This fund was started up with capital of 11,1 mio euro. In the first five years, Baekeland Fund II will invest in some ten different, mainly high-tech companies that have grown out of research labs at Ghent University, Hogeschool Gent, Arteveldehogeschool and Hogeschool West-Vlaanderen. The Technology Transfer Department of Ghent University is responsible for the daily management of the Baekeland Fund II.

For more information, you can contact Dr. Patrick Dhaese, director of Baekeland Fonds II NV, Bollebergen 2B, 9052 Gent-Zwijnaarde - Tel: +32 (09) 264 89 87 - Email: .

Leo Baekeland (1863-1944) was born in Ghent and received his doctorate from Ghent University. He had a gift for discovering interesting and profitable opportunities in the market. In 1978 he was inducted into the 'National Inventors Hall of Fame' in the United States.

Leo Baekeland acquired international fame as the inventor of Bakelite, the intellectual property rights of which were owned by his company, the General Bakelite Corporation, which also manufactured the product. The discovery of Bakelite is general regarded as the beginning of the Age of Plastics. From 1907 on, it was used in radios, telephones, electrical insulation and countless other applications. In addition, Baekeland was also responsible for the development of Velox (a type of photographic paper for which sunlight was no longer required for the development of photos). He sold the patent for Velox to George Eastman, the then chairman of Kodak, for a sum of one million dollars.