Funding of business start-ups
With the support of the State, the Institut Télécom contributes 4,7 million euros to help promote business creation in the ICT sector.
Thus, in 2001, the Institut Télécom jointly launched with the Caisse des Dépôts et Consignations (French Deposit and Consigment Office), the AXA Group and l'INRIA the T Source seed fund to provide a response to the funding problems related to starting up a business in the field of ICT, aimed at innovative communication systems and services. In 2003 this fund exceeded its target of 30 million euros by 8 million euros.
Consult the press release .
Thus, in 2001, the Institut Télécom jointly launched with the Caisse des Dépôts et Consignations (French Deposit and Consigment Office), the AXA Group and l'INRIA the T Source seed fund to provide a response to the funding problems related to starting up a business in the field of ICT, aimed at innovative communication systems and services. In 2003 this fund exceeded its target of 30 million euros by 8 million euros.
Consult the press release .
In order to successfully implement its funding policy, the Institut Télécom has created its own development company, TELECOM Valorisation, a 100%-owned subsidiary of the Institut Télécom. Its initial objective – participation in technological investment and development funds in the ICT sector – has now been extended to participation in the capital of companies.
In this way, the Institut Télécom lends its support to project leaders in the form of:
- awarding of grants of between 4000 and 8000 € , subject to approval by a panel. Since 1999, sixty-five projects have received grants of the Institut Télécom.
- coaching activities
- funding from economic players who are partners of the Institut Télécom
To help it better fulfil these funding requirements, the Institut Télécom has formed a number of financial partnerships.
