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Global innovation competition under way

France's government has launched an international innovation competition with funding worth €300 million to lure innovative businesses and ideas to the country.

Innovation 2030, launched on 2 December, is open to small and medium-sized businesses worldwide. Proposals must cover one of seven topics: energy storage, recycling of rare metals, development of marine resources, plant proteins and chemistry, stratified medicine, innovation for an ageing population and Big Data.

The seven topics were identified by the Innovation 2030 committee as areas that the country should target to achieve long-term prosperity. The committee was established by the government in April and led by businesswoman Anne Lauvergeon.

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