SUPPORT MECHANISM:

France's new public investment bank merges a number of existing bodies in two broad activities; BPI France Financing (formerly OSEO) and BPI France Investment (formerly CDC Enterprises, FSI and FSI Régions). The BPI provides loan guarantees, co-financing, direct loans and investment in capital, as well as broader business support services. 

Founded in 2013 with a kitty of some €20 billion. In 2014 alone it invested €1.1 billion into some 5.500 innovative companies, both directly and through direct partners. This accounts for a 49 percent increase from the amount invested in 2013. BPI France is also an investor in a number of private funds, including roughly 100 funds dedicated to tech/innovation. 

It will invest €12b in entrepreneurial businesses by 2017. 

IMPLEMENTING AGENCIES:

Nicolas Dufourcq - CEO BPI France

ELIGIBILITY:

Start-up: less than 3 years of existence.

Scale-up: companies looking for finance to develop the business activities.

Timeline:

Click on the link : http://www.bpifrance.fr/

MONITORING + EVALUATION METHODS:

Click on the link to download : http://www.bpifrance.fr/Espace-Investisseurs

RESULTS  :

Download the annual report of 2015: http://www.bpifrance.fr/Espace-Investisseurs

CHALLENGES + LESSONS TO DATE:

BPI France is perceived as France sovering fund. Next step is to head for European funding platform.

Citizen Entrepreneurs
France
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