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GEN News Highlights : Nov 17, 2006

France Investment Program Launched to Finance Innovative SMEs

Over Euro$3 billion available over six years.

France Investissement, an equity investment scheme focused on small and medium sized businesses, has been launched.

With some Euro$300 million per year over six years committed to the program by pivotal funding engine, the state-controlled investment bank, Caisse des Dépôts (CDC), France Investissement should enable approximately x3 billion to be plowed into innovative and/or high-growth potential SMEs.

The scheme, which also includes contributions from private investors, is primarily focused on the establishment and development of independent, innovative SMEs (where R&D spend accounts for over 15 percent of total corporate costs) and high-growth potential SMEs.