French Public Investment Bank (BPI) delegation met with major players of investment and innovation ecosystem in Hong Kong (4 Sep) [fr]
Organized by the French Trade Commissions – Business France from 28 August to 4 September, the French Public Investment Bank (Banque Publique d’Investissement – Bpifrance) delegation, headed by Mr Nicolas Dufourcq, general director of Bpifrance, had met with the major players of investment and innovation ecosystem in China (Beijing – Shanghai- Shenzhen – Hong Kong).
With the objectives of having a better understanding of the innovation ecosystem in China, the Bpifrance delegation, composed of Mr Nicolas Dufourcq (Director General), Mr Paul- François Fournier (Executive Director of Innovation Division) and Mr Daniel Balmisse (Executive Director, in charge of the fund of fund business (les Fonds de fonds)) had met with industry players in Beijing, Shanghai and Shenzhen and Hong Kong between 28 August and 4 September.
During their stay in China and on 28 August, Bpifrance inaugurated with Cathay Capital the Sino French Innovation Fund at an official launch ceremony at CEIBS Beijing Campus along with China Development Bank Capital. According to Cathay Capital, this new fund will target investment in digital startups linked to the internet, including mobile, big data, ‘the Internet of Things’, smart transportation, connected cars, advertising, digital marketing, software, cloud technologies, security, gaming, media, social networks and BtoB applications. It will invest in a total of 12 to 18 innovative startups and the investment amount in each firm will range between 5 million and 25 million Euros. This also goes to demonstrate that Cathay Capital’s investment focus is extending from growth and M&A capital to broader areas such as venture capital.
On 4 September, the Bpifrance delegation visited and met with important actors involved in innovation - startup ecosystem in Hong Kong, including venture capitalists, public & private incubators, acceleration program actors as well as the local French tech startup community.
The captioned visit of Bpifrance delegation to China also prefigures the upcoming acceleration program “Acceleratech China”. Sponsored by Bpifrance and organized by the French Trade Commissions – Business France, Acceleratech China aims to assist French startups’ overseas development:
Phase I – Business Prospection
A total of 13 high potential ventures from France will be pre-selected, through an open application process to attend a one week program in Beijing, Shanghai, Shenzhen and Hong Kong in the week of 16 November 2015.
Dates in Hong Kong : 23 – 24 November, 2015
Phase II – Immersion/acceleration
Among the selected “ACCELERATECH CHINA” ventures finalists, five of them would be chosen by the jury and will enjoy a four week acceleration program within China commencing from 25 November, which gives them exclusive access to partnership networks, leading industry conferences, high-level mentorship, market knowledge and marketing opportunity.
Dates in Hong Kong: 25 – 30 November, 2015
Programme Partner in Hong Kong : Cyberport
Bpifrance, a subsidiary of the French state and the Caisse des Dépôts and the entrepreneurs’ trusted partner, finances businesses from the seed phase to IPO, through loans, guarantees and equity investments. Bpifrance also provides operational services and strong support for innovation, export, and external growth in parnertship with Business France and Coface. Bpifrance offers to businesses a large range of financing opportunities at each key step of their development, including offers adapted to regional specificities. With its 42 regional offices (90 % of decisions are made locally) Bpifrance represents a strategic tool for economic competitiveness dedicated to entrepreneurs. Bpifrance acts as a back-up for initiatives driven by the French State and the Regions to tackle 3 goals:
– Contribute to SME’s growth
– Preparing tomorrow’s competitiveness
– Contributing to the development of a positive entrepreneur ecosystem.
With Bpifrance, businesses benefit from a powerful, efficient and close representative, to answer all their needs in terms of financing, innovation and investment.
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