Deeptechs are young disruptive companies based on techniques considered highly innovative. Deeptech startups are differentiated from other companies by three major criteria: the proposed product brings high added value to its market, they exploit a disruptive technology characterized and protected by a patent, and they develop in close connection with research (engineering, patents, entrepreneurial researchers).
R&D cycles are long and often require the support of academic research and costly investments before they can successfully penetrate a market. Protected by intellectual property and complex know-how, a deeptech startup generally benefits from competitive advantages and significant barriers to competition.
For the past 18 months, France has been mobilizing for economic recovery. Everywhere, innovation and business creation support networks are active and mobilized, propelled by the France Relance national plan and BPI France’s Deeptech Plan. Deeptech companies now account for 10% of all French startups, and account for more than 20% of the total amount raised, with 1.1 billion euros in 2020. The Deeptech Plan has a budget of €2.5 billion over five years to support and strengthen growth through three levers: stimulating creation, supporting growth and boosting innovation ecosystems in the regions and by sector. Since its launch, 200 startups have been created.
Over the past two years, Bpifrance’s investments have increased by 58% to €221 million. Moreover, thanks to fund-in-fund investments, the amount injected by Bpifrance into the ecosystem amounts to more than 870 million euros. The initial target of €1.3 billion in investments set for 2023 has been re-evaluated at €2 billion in light of the current momentum.
The SATT network brings together 13 technology transfer accelerator companies in France. Committed to economic dynamism thanks to the scientific innovations resulting from public research, the SATTs provide companies with high-potential technological solutions to improve their competitiveness. With nearly 600 startups created, the SATTs are the leading local players in the French government’s Deeptech Plan operated by Bpifrance. They are connected on a daily basis to more than 150,000 researchers and offer privileged access to innovations from public laboratories by acting as a relay between these laboratories and companies by financing the project maturation and proof-of-concept phases. With their national network, they are strategic partners for companies seeking growth through innovation. The SATTs were created thanks to the Investissements d’avenir program and benefit from a fund of 856 million euros.
In concrete terms, the missions of a SATT are:
-Translate the discoveries and skills of public research into concrete applications and meet the needs of companies
to translate the discoveries and skills of public research into concrete applications and meet the needs of companies – to file patents, carry out proof-of-concept operations, create start-ups, and carry out licensing…
This week, Surfeo attended the Deeptech Connect trade show in Paris to meet the French deeptech players.
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