| There’s a 6.5 billion euros ($7.4 billion) funding pot waiting in France for startups and innovative technology companies, the country’s sovereign wealth fund chief said, citing commitments from public and private investors. Originally set up as a sovereign investment fund in 2009, Bpifrance has inherited a portfolio worth 14.8 billion euros spread over companies including Orange SA, funds of funds, and innovative businesses.
That’s enough to cover financing needs for startups over the next three years in the country, Nicolas Dufourcq, the head of Bpifrance SA, told reporters in Paris on Wednesday. “The years 2016, 2017 and even 2018 are very well covered,” he said...............................................Full Article: Source |