The 404 companies created and supported by SATTs since 2012 are now valued at over €1 billion.
SMEs and mid-cap companies benefiting from technology developed by a SATT improve their economic performance by 17%.
2020 will be a pivotal year full of news for innovation in France. Like many other players, SATTs are taking advantage of the start of the year to take stock of their socio-economic impact since their creation through two recently completed studies. These studies confirm the significant role played by SATTs in the national economy through the promotion of French academic research. One study focuses on the financial value created by startups supported by SATTs, while the other looks at the impact of SATTs on SMEs and mid-cap companies benefiting from technology transfer.
Startups generate value 15 times greater than SATT's investment
Between 2012 and 2019, SATT supported the creation of 418 startups, 37% of which were in the field of biology and health, 27% in digital technology (ICT, IoT, etc.) and 36%
in engineering sciences (chemistry and materials, energy, transport, agronomy, and the environment). Among them, 404 startups were subject to an in-depth analysis by Deloitte Finance to identify the financial value created in order to compare them to the investment efforts made by SATT.
These companies are currently valued at over €1 billion. This valuation is 100 times higher than their capital at the time of creation and 15 times higher than the amount invested by SATTs in technological maturation and incubation. One euro invested by SATTs in the maturation of research results thus generates €15 in economic value, in companies whose growth potential is far from being fully realized.
"These figures highlight the economic and societal importance of investing in the maturation of technologies and the promotion of public research in general. SATTs have a strong societal impact, building disruptive solutions that respond to societal challenges, such as the development of innovative therapies to treat certain cancers, the treatment of infectious diseases, environmental protection, and the development of new energy sources," comments Philippe Nérin, President of the SATT Network.
"Our ambition with the Deep Tech plan is to give France more than 2,000 startups developing disruptive technologies by 2023," says Paul-François Fournier, Executive Director of Innovation at Bpifrance. "The SATT network, a group of subsidiaries of universities and research organizations in which we have represented the French government as a shareholder since August 2019, is a key player in this ambition. With more than 400 startups created, more than 2,500 patents filed, and nearly 900 operating licenses since 2012, SATTs have demonstrated their essential role in the innovation dynamic of our economic fabric. This very positive track record commits us collectively to continuing this momentum to make France one of the world leaders in Deep Tech."
SATTs have a positive impact of 17% on the economic performance of SMEs and mid-cap companies
SATTs also support the R&D activities of existing French companies, particularly small and medium-sized enterprises (SMEs) and mid-sized companies, by giving them the means to become more competitive and innovative. Companies supported by SATTs saw their added value increase by 17% in the years following the technology transfer.
"We are delighted with the highly positive economic and societal impact of SATT's actions and, more generally, with the promotion of public research for our economy. The SATTsystem
is still in its infancy and is already showing very encouraging results. The professionalization of the promotion of our public research must continue by exploiting all the advantages provided by SATTs and their status as private companies, which is essential to their effectiveness and credibility with their customers and partners," says Guillaume Boudy, Secretary General for Investment.
Press release:https://www.satt.fr/wp-content/uploads/2020/01/SATT_CP-impacts-socio-economiques_janvier-2020-1.pdf
Download both studies:
Executive Summary Deloitte Study
Technopolis study summary: impact of SATTs