Marseille Innovation brings new financial impetus to start-ups
Marseille innovation has given a lot to the territory since its creation 25 years ago, and the entrepreneurs it has supported in their projects are now committed in its wake to developing innovation in Provence. Announced on April 5, the Innovation Fund by MI brings together 700,000 euros for two years, allocable in the form of honorary loans, thanks to the commitment of the CIC Lyonnaise de Banque group and the Banque Populaire Méditerranée, as well as corporate funds such as Jump Venture of Christopher Baralotto and Michael Feraudco-founders of Provepharm and at the origin of MailinBlack, the IForce fund of Denis Liotta (Mediaco Vracs, Netangels, etc.) or the fundEnovacomanother Marseille company which took its first steps in the Marseille Innovation incubator, created by Renaud Luparia, Cyril Guard and Lawrence Frigora. Their involvement aims to in turn offer a “leverage effect” to finance innovative technological projects.
Honor loans of 30,000 euros at guaranteed zero interest
Supporting the creation and takeover of businesses through honorary loans, the platform Marseille Metropolis initiative is also involved in the system to provide its technical support for the assembly of files. These Innovation honorary loans will relate to an amount of 30,000 euros at zero interest guaranteed by Bpifrance. UN call for applications is launched to allocate the first funds from June 2022 to half a dozen companies. There will be two calls per year.
All the partners, gathered in an evaluation committee, will together designate the winners. ” This funding will be coupled with entry into our support programs to maximize the chances of success ”, indicates Laurence OlivierManaging Director of Marseille Innovation, specifying that the method of financial support chosen for this fund allows entrepreneurs to have ” without dilution and quickly the cash essential to their start-up “.