Paris is the latest region to stop funding Competitiveness Cluster innovation hubs, created more than a decade ago to boost technology transfer.
Jean-Louis Missika, Paris’s deputy mayor for economic development, told the newspaper Les Echos on 28 October that the Paris region’s seven clusters would no longer receive regional funding in 2017. They received more than €1.2 million in regional funding in 2016 and €35.8m over the last ten years.
The move comes after several other regions said that they would halt funding for their clusters in 2017 and instead concentrate on other innovation projects, Les Echos reports. The first Competitiveness Clusters were created in 2005 and 71 exist in France today.