Supporting the growth of French companies in the technology sector so that they become world-class champions: this is the objective of the €100mn investment fund launched by Caisse des Dépôts, the new Euronext Tech Croissance index, and the €1bnn mobilisation over 3 years by Bpifrance.
It is time to take stock of the Innovative Biotherapies and Rare Diseases Fund created in 2013. With €50mn from the AFM-Téléthon (60%) and from Fonds national d'amorçage (40%), managed by Bpifrance as part of the Investments for the future programme (PIA), it has already funded 7 deeptech companies for a total amount invested of €30mn.
On 13 May, Bpifrance and the European Investment Fund (EIF), a subsidiary of the European Investment Bank (EIB) Group, signed a 4th financial guarantee agreement between the two institutions: the EIF will guarantee 50% of the new loans granted by Bpifrance to innovative companies and start-ups, i.e. €300mn for a total amount of loans of up to €600mn.
With a net profit of €1,035mn, Bpifrance recorded a strong financial performance in 2018, despite a difficult environment on the financial markets and in a context of low interest rates. This result reflects the good commercial and operational performance of all Bpifrance's businesses, and its rigorous control of costs and risks.
On 5 March in Lyon, on the occasion of the 1st General Assembly of =Territoires d’industrie (Industrial Territories), Banque des Territoires signed with the French State the agreement which describes how it will support the industrial development of the French territories by 2022. This agreement is part of the Territoires d’industrie programme launched by the Prime Minister on 22 November 2018.
Facilitating entrepreneurship for all in the regions: this is the objective of Bpifrance Création, a new scheme launched by Bpifrance during the Salon des entrepreneurs event held in Paris on 6 and 7 February. This is an opportunity to review the latest news from this subsidiary of Caisse des Dépôts, which is dedicated to supporting and financing companies.
Bpifrance participated in the €45mn fundraising campaign of Talentsoft, the European leader in training and human resources management software, alongside a new investor, Francisco Partners, and its other long-standing investor, Goldman Sachs.
On 27 September Bpifrance presented the results of its Large Venture fund on the occasion of the 5th anniversary of its launch: more than €600mn were allocated to 37 companies. The size of the fund, initially €600mn, was increased to €1.1bn in 2017. The objective is to contribute to doubling the number of French unicorns.