A report by the General Inspectorate of Finance and the General Council of the Economy presents 13 recommendations to remove the obstacles to the development of industrial start-ups.
To avoid the “valley of death” of start-ups that disappear for lack of funding, the State is encouraged to change its support model and call on the private sector, so that young industrial shoots can build their first factory.
“The potential is 70 to 100 new factories by 2025”, a member of the cabinet of the Minister of Industry, Agnès Pannier-Runacher, told the press on Wednesday.
Revitalize employment in the territories
The Minister received on Wednesday with her colleague Cédric O, in charge of the digital transition, a report drafted by the General Inspectorate of Finance and the General Council of the Economy, which makes 13 recommendations to remove the obstacles to the development of start-ups industrial plants in the industrialization phase. Among the 1,500 identified in France (i.e. 12% of the total young pousses), some are starting to be known, such as Ynsect or Innovafeed, some are beginning to be known, such as Ynsect or Innovafeed, which produce insects for animal and/or human consumption near Amiens in Hauts-de-France and Dole in Jura.
Others are less so, such as Aledia, specialized in electronics, which will lay the first stone on Thursday for its light-emitting diode factory in Champagnier, near Grenoble (Isère). Located in biotech, electronics, robotics, health, agrifood or energy, these industrial start-ups have a capacity to revitalize employment in the territories, because unlike digital start-ups , they are not in Ile-de-France, and often far from big cities, notes the report.
According to a study by Roland Berger, for the 15 main start-ups evaluated, there is a potential for creating 3,000 jobs by 2025 and 10,000 by 2030. By comparison, 11,000 net jobs have been created by the company. industry in France in 2019. The report underlines the need for increased mobilization of private funding to help the development of these start-ups, both to enable them to hatch a demonstrator of technology, and to finance their phase of development. industrialization with the construction of the first factory.
On the latter, the public funds SPI (industrial project companies) of Bpifrance could not be sufficient, nor intervene alone, underlines the document which recommends at the same time the renewal of this public fund by lowering its entry ticket to 5 million euros, and the creation of another fund topped up by large French companies and the State. He points to the weak results obtained to date by the initiatives announced by the large groups in favor of start-ups. Corporate venture capital (CVC) such as the Total Carbon Neutrality Ventures fund, ultimately endowed with 400 million euros, the Air Liquide fund (100 million EUR), Safran Corporate ventures (80 million EUR), Seb Alliance or EDF Pulse, are “less present at EU level than German or British CVCs” and “mostly adopt a follower position” indicates the report. It also suggests the establishment of “industrialization” loans by Bpifrance, and asks for more administrative support.