2023-09-22 08:25:00
The Tibi 2 initiative is now operational, with the announcement of the first eligible funds. It sets an ambitious framework with significantly increased investment by French financial institutions in innovative industries (digital technologies, life sciences, ecological transition, new industries, etc.).
It comes at the right time in an environment where today’s innovation creates tomorrow’s jobs and wealth – and at a time when new disruptive technologies such as artificial intelligence are maturing and could provide answers to major challenges facing the world: the decarbonization of the economy, new industries but also the challenges of cybersecurity and the personalization of health.
In addition, this is excellent news for French and European entrepreneurs who will have access to greater financial resources, allowing them to develop their innovative businesses in a context of renewed global competition. The current multipolar geopolitical situation accentuates the strategic need for European sovereignty in technological fields, and at the same time creates a historic opportunity for France and Europe to take its place in this competition with, among others, North America and China. In France, entrepreneurs have always had ideas, even if they lacked oil. Tomorrow they will have more means to launch their products, create jobs, gain market share and establish the sustainability of the European model.
Long-term need for money
This is also excellent news for financial institutions, who were not mistaken since they massively adhered to the initiative launched by the public authorities. Indeed, the prior work carried out by the program coordination bodies allows them to be more efficient and to better control their financial allocation to these cutting-edge sectors. And to respond to a certain financial orthodoxy: innovative companies need continuous financial resources over time to develop (long-term employment), and the institutions managing French savings manage these long-term resources; with for them the promise of high returns in relation to the risk taken and the long-term commitment (14.3% average annual net return over 10 years to the end of 2022 according to the France Invest/EY study).
Finally, for savers, it is also a reason for satisfaction since they massively invest the fruits of their work in life insurance contracts with an outstanding amount of 1,842 billion euros at the end of 2022. They will indirectly increase their exposure to these innovative assets, allowing them not only to derive financial performance but also to have the satisfaction of financing the real economy, the creation of highly qualified jobs and the strategic independence of our country and our continent on major issues. that our world faces.
In 2021, according to OECD statistics, France invested 2.2% of its GDP in Research & Development, a figure slightly lower than the OECD average (2.7%) and significantly lower, for example , to investment from the United States (3.5%).
That was yesterday. The revolution is on.
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