Finance Innovation
Situated in the Ile-de-France region, the FINANCE INNOVATION world competitiveness cluster is a collective venture by the Paris financial district. The initiative brings together banks, insurance companies, management companies, universities, research laboratories and small and medium-sized businesses to work on industrial and research projects with high added value. The aim of the Cluster is to create jobs and business ventures, and to increase the French financial industry’s share of the European and international market.
So that the place de Paris centre of expertise can become a force to be reckoned with, FINANCE INNOVATION is organising its activities into the following areas:
• Financial research and innovation
• Training in finance
• Financing for small and medium sized businesses and new technology
• Providing information on sources of European financing
• Social and environmental finance and new technology
Attributes
The Ile-de-France region, close to Paris, is the most dynamic and prosperous region in Europe with London. It has an international reputation.
The French financial industry plays a vital part in the country’s economy, contributing 4.5% of the Gross National Product (GNP) with 700,000 jobs, and the figure is even higher in Ile-de-France: 260,000 jobs (6.4%) and 12% of the GDP. It has attributes that are recognised worldwide: real estate investment management, corporate banking, investment banking and financing with other clusters, project financing, corporate finance research, the dynamism of its small businesses.
Members
In 2008, the FINANCE INNOVATION Cluster had more than 200 members:
Founder members: Association Française de Gestion Financière (AFG), Chambre de Commerce et d’Industrie de Paris (CCIP), Conseil Régional d’Ile-de-France, Fédération Bancaire Française (FBF), Fédération Française des Sociétés d’Assurance (FFSA), NYSE Euronext, OSEO, Paris EUROPLACE, Ville de Paris.
Large businesses: 105French companies including
• Banks and investment companies
• Insurance companies
• Management companies
• Large companies quoted on the stock exchange
Foreign banks and businesses
Small businesses: 47
Research or training facilities 34
Professional associations 20
Local authorities 10
Current R&D collaboration
27 projects earmarked since July 2007 (cf. appendix) with a total budget of around 50 million Euros.
A quarter of the above amount is financed by various public funding bodies, in particular by:
• The Fonds Unique Interministériel (FUI) (single interministerial fund)
• L’Agence Nationale de la Recherche (ANR)
• OSEO, a body providing aid to small businesses
International cooperation
The FINANCE INNOVATION competitiveness cluster has the objective of boosting the competitiveness of the Paris financial sector worldwide. The Cluster promotes international cooperation in areas with high added value, with Universities and research facilities, or other clusters abroad.
Exchanges have been set up on a European and international level, in particular via Rencontres Financières Internationales (international financial meetings) organised by Paris EUROPLACE.
A number of projects/ventures have a European dimension and will make Paris one of the pillars of European finance:
• Institut Louis Bachelier - Centre de recherche et d’innovation financière (ILB)
• Ecole de la Régulation Financière Européenne (EIFR)
• Plateformes d’informations financières européennes
List of R&D projects
|
1. Financing for small businesses |
||
|
PROJECT |
PROJECT HOLDERS |
PROJECT DESCRIPTION |
|
eMAT |
Grégoire BUISSON |
European base for private acquisition multiples |
|
Alternativa |
|
Multilateral system for dealing in shares in unquoted companies |
|
Investigo |
Ludovic de la GENARDIERE |
Online platform for financing unquoted small businesses |
|
Credit Link |
Alain MARTIN |
Concerted management of financing requirement in an industrial network |
|
Safe corporate finance |
Patrick TOMBEREAU |
Independent rating of unquoted companies |
|
SECURIT EASE |
Nolwenn SIMON |
Structured financing platform for small businesses via a ‘standardised’ process with guaranteed public funding |
|
2. Asset and risk assessment |
||
|
PROJECT |
PROJECT HOLDERS |
PROJECT DESCRIPTION |
|
METNEXT |
Marie-Geneviève RENAUDIN |
Climate and meteorological indices platform |
|
CREDINEXT |
Eric BENHAMOU |
Platform for the independent valuation of credit derivatives and non-cash structured bonds |
|
CRIS |
Claude MARTINI |
Independent platform for the valuation and risk analysis of credit derivatives |
|
MULTIRATING |
Mme PALMER |
Classification of types of investment institutions |
|
Immorisk |
Guy MARTY |
Creation of property indices |
|
PARIS-MHM |
Marc LEBRETON |
Development of a model for managing the long term risk market |
|
ILAF |
René GARCIA |
Inflation, Liquidity and Financial Assets |
|
ASTeRISK |
Véronique MOME |
Spatio-temporal approach to risk modelling |
|
Risk Attitude II |
André DE PALMA |
Attitude to dealing with risk and ambiguity: theory, measures and consequences for risk management. Application to investment and insurance companies and their customers. |
|
3. TIC applied to finance |
||
|
PROJECT |
PROJECT HOLDERS |
PROJECT DESCRIPTION |
|
SAMILDANACH 2012 |
François PETIT |
Insurance software package covering IARD, health and life insurance |
|
RFQ Hub |
David SAGNIER |
Platform for requesting quotes and submitting orders for share derivatives |
|
COURTANET |
Jehan DE CASTET |
Insurance marketplace (B2B) |
|
DelFin |
Gaelle RECOURCE |
Financial conversational agent for answering Individual investors |
|
MMDTS |
Bernard |
Analysis of financial return series |
|
4. Analysis and financial information |
||
|
PROJECT |
PROJECT HOLDERS |
PROJECT DESCRIPTION |
|
ALPHA VALUE |
Christophe ROCCA-SERRA |
Financial analysis of 2000 European securities |
|
GOVEO |
Moez JOUDI |
Advice on governance of quoted and unquoted companies |
|
Scores & Decisions |
Jérôme MARTORY |
Tool for evaluating companies via automatic data aggregation |
|
ID Mid Caps |
Gael FAIJEAN |
Analysis of and information on securities in continental |
|
HBS Research |
Blaise HEURTEUX |
Database and cartography of commercial real estate |
|
Finance continue |
Jean-Paul Descamps |
Continuous time corporate financing: link between market finance and business finance (project with EIF) |
|
VILLES |
Arnaud SIMON |
Real estate, location, premises, balances and systems (partnership with HSB Research) |
Contact
Invest in France Agency Paris
Laurent BERGEOT
Director, Territories Development
Send an e-mail
+33 1 40 74 74 11