The President of the Republic has announced a third phase of the Future Investment Program (PIA).
This program, which originated in the 2009 Juppé-Rocard report, is an original initiative that prepares France for the challenges of tomorrow. It is guided by three key words: excellence, innovation, and cooperation. Since 2010, €35 billion has been invested in higher education, research, development, and innovation in strategic sectors of the French economy (industry, digital technology, transportation, energy, and health). An additional €12 billion has been added since 2014 to reinforce this momentum.
3rd Future Investment ProgramThe €10 billion announced by the President of the Republic for a third Future Investment Program amplifies the initial ambition and addresses three priorities: supporting progress in education and research, promoting research, and accelerating the modernization of businesses.
PIA 3 will place the greatest emphasis on teaching, research, and research promotion, with a total of €5.9 billion in funding out of the €10 billion available.
With regard to SATTsThe two previous PIA programs funded an unprecedented effort to accelerate the transfer of research to businesses and address a significant shortfall in France, notably with the creation of SATTs. PIA 3 will continue to support SATTs in order to strengthen them financially and intensify their activities.
New innovation ecosystems:
- Finance the desirable creation of a SATT-type technology transfer organization in Normandy.
- Consolidation of certain SATTs whose scope of intervention does not coincide with that of the new regions or whose activity is limited.
Development of high-performance innovation ecosystems:
- Establish SATTs in their mission of maturation, beyond the years of funding provided for under PIA 1, the SATTs.
Integration of SATTs, incubators, and accelerators:
- In some regions, a rapprochement between SATTs and incubators.
Frontier Venture Post-Maturation National Fund:
- Frontier Venture will invest equity capital in post-maturation or pre-industrialization investments.
- Establish Frontier Venture to provide organizations with a tool for amplifying initial fundraising efforts, based strictly on co-financing and risk sharing.