Enhancing the competitiveness of the French economy through research, development and innovation 10/02/2014

Transcription

1 Enhancing the competitiveness of the French economy through research, development and innovation 10/02/2014

2 01. France France inhabitants km² GDP 2121 Billion (5 world rank) entreprises (91%very small companies and 4,8 % SMEs ) 52%of SMEs are innovative 2

3 R&D and innovation policies in 01. France 02. Clusters 03. Europe Bpifrance Titre de la présentation 3

4 01. R&D and innovation policies in France A- Situation of France B- R&D and innovation expenses C- A new policy to boost innovation 4

5 01. R&D and innovation policies in France Situation of France R&D expenses = 45 Billion 5th world rank but only 20th world rank for innovation (private R&D too low) Gap due to cultural reasons, narrow definition of innovation 5

6 01, R&D and innovation policies in France R&D and innovation expenses R&D expenses = 45 Billion (2,25 % of GDP) Grants, repayable advances, loans without interest: support to private R&D Fiscal measures: CIR (crédit d impôt recherche ) 5,8 Billion for beneficiaries, the main government incentive for R&D JEI (jeune entreprise innovante) 111M Public procurement Cluster Program Financing FUI Strategic Industrial Innovation - ISI 6

7 01, R&D and innovation policies in France A new policy to boost innovation Innovation by all Open innovation (more transfer) Innovation for growth 7

8 02. Clusters A- Period B- Period

9 0.2 Clusters Period clusters created in global clusters and 53 national clusters Promote collaborative dynamic between entreprises and research actors Develop an ecosystem for growth and innovation and an innovation platform 3 Billion for the period project financed by the FUI(fonds unique interministeriel) with 5,8 billion R&D expenses (1,4B from the State) and managed by Bpifrance 9

10 02. Clusters Period Program : part of the national policy for growth, competitiveness and jobs. => Support their SMEs in access to finance, internationalisation, enhance their skills and provide individual coaching. In the «investissements d avenir», two measures are dedicated to clusters: Structuring R&D projects: 300 M Sharing innovative platform: 200 M This strategy is in line with the European «smart specialisation» 10

11 03. Europe 2020 Flagship Initiative: Innovation Union A - Strategy Europe 2020: facts & goals B - Strategy Europe 2020: measures 11

12 03. Europe 2020 Flagship Initiative : Innovation Union Strategy Europe 2020: facts & goals Strategy Europe 2020: for a smart inclusive and sustainable growth Europe weakness Under investment in knowledge foundation Unsatisfactory framework conditions: poor access to finance low standardisation European goals for innovation: improve Europe s competitiveness in an open world and create million of new jobs to replace the jobs lost during the crisis Tackle successfully societal challenges such as climate change, energy & resources scarcity, health & ageing 12

13 03. Europe 2020 Flagship Initiative : Innovation Union Strategy Europe 2020 : measures European Strategy Improve cooperation between science and business Help entrepreneurs to bring ideas to market Horizon 2020: new programme that finances research and innovation budget: 79 Billion 8 Billion devoted to SMEs & 1 for Eurostar New Risk Finance instruments: 2,8 Billion European cohesion policy: the smart specialisation Elaborated with the Regions and the Structural Funds (ERDF) 13

14 04. Bpifrance A Stockholders & missions B - Key figures 2012 C Activity in 2012 D Innovation financing E New innovation programme 14

15 04. Bpifrance Stockholders : State : 50% - Caisse des Dépôts : 50% Missions: Support SMEs and Midcaps throughout their life cycle Contribute to French industrial renewal Support emergence of new champions Encourage French companies to: access to export markets go abroad Allocation of equity to growing companies 15

16 04. Bpifrance Bpifrance: key figures Bn Total assets of 42 billion, including 20 billion in loans 12 billion in guarantees 10 billion in equity financing Companies have directly benefited from guarantees, loans, and/or equity Employees Companies supported by co-financing their investments alongside with banks Innovative projects funded each year 1680 Projects including international developments Companies supported with equity and quasi-equity directly or through partners funds 16

17 04. Bpifrance Financing French SMEs growth and innovation plans - Activity in 2012 Innovation Guarantee Co-financing Investment Public programs Soft loans ( 340 Mn) Subsidies ( 319 Mn) Bpifrance Financement 659 Mn Risk sharing up to 70% Bpifrance Financement 3.8 Bn risks Loans Pari-passu with banks Bpifrance Financement 4.7 Bn loans Banks ( 5 Bn loans) Bpifrance Investissement Direct Indirect (funds of funds) Banks 8.8 Bn loans 257 Partner funds 3,200 SMEs 65,000 SMEs 11,000 SMEs 3,000 SMEs 17

18 Individual projects Guarantees & Loans Collaborative projects Grants &Loans 0.4 Bpifrance Innovation financing Feasibility Project Commercialisation Subvention Grant + Reimbursable + Avance remboursable Soft loan (zero interest) Grant + Reimbursable Grant + Reimbursable AI PTZI ISI PSPC Grant FUI Grant European programmes Innovation Loan Seed loan Development Innovation Contrats Innovation guarantee fund Note 1: With public guarantee backing

19 04. Bpifrance New innovation programme «NOVA plan»: to develop «French champions» Continuum of financing: grants, new loans and equity even for non technological innovation (+100 M in 2014, +150M in 2015) New large venture funds: 500 M New seed loan up to 500 K New innovation loan: up to 1,5 M Coaching-mentoring supporting SMEs, 200M to be invested in «accelerators» Co-working area for Start-up in Bpifrance 19

20 Thank you

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