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€330m for lab-to-industry companies

The French government has announced the first five grants worth a total of €330 million as part of its SATT investment scheme aimed at fast-tracking technology transfer from university-based companies.

Investment is being made through the government’s €34 billion euro economic stimulus package.

University-based technology transfer operations in the Paris and greater Provence regions each received €78m, the 23 September announcement said. Other grant winners included SATTs in Midi-Pyrenees with €70m, another in Paris (€68m) and one in Alsace (€36m).