4th edition of the DIESE Program » PACA’s economic and political newsletter
Launched in 2019 by Paris Dauphine PSL University and the IDEAdvanced firm, the DIESE Program is based on an observation that start-up managers focus a large part of their energy on the development of their offer, their marketing and their external financing.
On the other hand, the economic and financial management of their operations is very often the poor relation of their priorities, whether it is the monitoring of breakeven, the management of WCR, knowledge of their production costs, or even the relevance of their accounting. Or a better successful control of their internal management would also be an effective driver of their developmentand favored the management of rental growth.
To meet this challenge and allow young innovative digital companies to put the economic and financial management of their operations to the benefit of accelerating their growth, IDEAdvanced and the route 124 from Master M2 Control Audit and Financial Reporting from Paris Dauphine University – PSL joined forces with Cap Digital in 2021 to offer the fourth edition of the DIESE program.
Who is the DIESE program for? ?
The DIESE program is open to any innovative SME and start-up in the launch phase of its offer, scaling up or expansion. The companies sought must express a well-identified need in the structuring of their economic and financial management strategy and model, such as: the alignment of its business plan with its growing organization, the implementation of more secured or more predictive, the analysis of its revenue costs, the structuring of its financing needs, its reporting models, its BFR, etc.
How the selected start-ups benefit ?
The 10 start-ups selected during the call for applications launched on January 28, 2022 will be offer the equivalent of 15 to 20 days of support and consulting from students at Paris Dauphine University – PSLinternationally recognized for the quality of its training in finance and management.
Each selected start-up will be accompanied by a group of 3 to 4 students who will carry out their consulting assignments on the company’s premises, as close as possible to the teams.
At the end of the program, start-ups will benefit from:
— of a finance and management consulting reportwritten by the students detailing the areas for improvement worked on jointly with the manager(s) of the company
— for start-ups that have been able to support the robustness and quality of their internal management, label “ Capital-Management » from Paris Dauphine University – PSL. This label is a novelty of the 2022 edition of the DIESE program. It is jointly supported by the House of Entrepreneurship of Paris Dauphine University – PSL and aims to grant additional recognition to companies demonstrating sound management. This sesame is based on the verification of 6 criteria resulting from three years of experience of the DIESE program.
— the opportunity to pitch in front partner investment funds of the program during the closing evening of the program: XAnge, Elaia and Paris Business Angels who undertake for their part to look first at your funding application files
The key stages of the DIESE program
— June 20: Submission and defense of a report by the students
— July 05: Evening/cocktail for awarding the three best interventions with pitch in front of investors
Focus on the start-ups selected during previous editions
2021 edition: e-Dantes, Collaborative Spirits, EvidenceB, Geosophy, Kalima Systems, Leanspace, Letsplaycloud, Life plus, Caast.tv, Lib&Lou, Tralalère
2020 edition: Atipik Solutions, Augmented acoustics, BipPop (by Django Mesh), Diligo Solutions, In Imago, Digital Pastry, PICNIC, Vertsun, Vianeo and You subscribe.
2019 edition: Alinto Group, Bubbleways, Cheerz, Domaine des Herbiers, Easiware, Everysens, Inex Circular, Nanomakers, Shokly, Timetonic, and Toucan Toco.
About Cap Digital
Created in 2006, Cap Digital is the first European collective of digital innovators. It brings together more 1,000 member structures including 850+ SMEs, 70 Large Companies/ETI/EPIC, 70+ schools/universities/laboratories as well as 12 investment funds. In December 2019, Cap Digital joined PICOM, the retail division which brings together 120 innovative structures in the trade and distribution sector. Cap Digital is thus working to make the Île-de-France and Hauts-de-France regions global benchmarks for digital innovation, both from an industrial and strategic point of view, in six key sectors: cultural and creative industries; health ; the sustainable city; The detail ; data and artificial intelligence and education, training and HR. The development of R&D, the growth of companies, the networking of its members and their promotion internationally are all missions to support the creativity and competitiveness of this important industrial sector. With 3,000+ R&D projects received since 2006, including 1,625 labeled and 855 funded, Cap Digital has supported nearly €1.8 billion in research and development investment since its creation, including more than €750 million in aid public. In 2019, Cap Digital companies raised one billion euros, including €723 million raised by companies having benefited from the support of Cap Digital.
About Paris Dauphine University – PSL & CARF Master – Audit Control and Financial Reporting
The students of course 124 of the Master 2 Control Audit and Financial Reporting train future specialists in the business of figures (external and internal audit, management control, accounting, etc.).
They are doing their second year of master’s almost exclusively on a work-study program in audit firms or in financial or audit departments.
They are curious, innovative and want to apply their expertise and knowledge from highly structured financial sectors to more innovative environments and less standardized demands such as start-ups.
Linkedin page of the Master CARF
Presentation of the CARF Master on the Paris Dauphine University – PSL website
About IDEAdvanced
IDEAdvanced is a consulting firm, led by MC Rieul, whose mission is to accelerate business growth projects. IDEAdvanced offers innovative approaches and methods in Sales and Marketing, from Strategic Planning to Operations and training, to move from objectives to business reality.
6 levels of intervention allow us to support our clients with pragmatism and consistency: ? Solidification and/or transformation of business models ®? Strategy for access to target markets and distribution ® ? Sales Systems ® (method of managing commercial organizations and sales methods), ? Lead generation marketing? Commercial Debugging ® ? Structuring of the presentation deck for investors.
IDEAdvanced is labeled as an expert in these fields by BPI, CAP Digital, and XAnge / Siparex
CREATIVITY – EXPERIENCE – PRECISION – COHERENCE – PRAGMATISM – CULTURE OF RESULTS
About XAnge
XAnge is an early-stage investment fund with 500 million euros under management, based in Paris and Munich. Its investment team supports European entrepreneurs who aim to change everyday life through technology, by investing amounts of 500,000 to 10 million euros from the start-up phase. With an investment thesis centered on bringing technologies to as many people as possible, XAnge invests in the deeptech, healthcare, fintech, SaaS and e-commerce sectors. XAnge has, for example, supported Lydia (Finance), Welcome to the Jungle (Human Resources), Believe (Music), MrSpex (eCommerce) and Ledger (cryptocurrencies). XAnge is the innovation brand of the Siparex Group.
www.xange.vc
About Elaia
Elaia is a leading European venture capital firm with a strong technological DNA. We support technology disruptors with global ambition, from early stage to growth development. For the past 19 years, our commitment has been to deliver high performance with values. We’re proud to have been an active partner in over 100 startups, including success stories like Criteo (Nasdaq), Orchestra Networks (acquired by Tibco), Volterra (acquired by F5), Mirakl (valued at $3.5 billion Series E) and Shift Technology (valued at over $1 billion in Series D).
www.elaia.com
About Paris Business Angels
With its 185 investor members and active mentors, Paris Business Angels is one of the leading networks for financing start-ups. As a generalist, Paris Business Angels intervenes in funding rounds ranging from 200 K€ to 3 M€, alone or in co-investment. Half of members’ investments are in digital, 2/3 in technology companies in the broad sense. The members of Paris Business Angels provide entrepreneurs with funding, but not only: they volunteer to provide them with their experience and their personal networks. In summary: invest and invest! www.parisbusinessangels.com