Strategic investment fund
| Name in national Language | Fond strategique d'investissement (FSI) |
| Phase | Anticipation |
| Country | France |
| Type |
Access to finance Fostering innovation Support of companies' growth |
| Coverage/Eligibility | Coverage extends to small and medium enterprises (SMEs), strategic firms, innovating and ground-breaking projects with high potential, firms of strategic importance to the country, in terms of competitiveness and employment growth. |
| Main Characteristics | This is a public fund (comprising €20 billion equity capital), used for investment in firms in exchange for a minority shareholder position. It only involves the provision of financial support. It finds new and stable investors for innovation/development projects in companies, and invests in strategic firms and projects. |
| Involvement Of |
National government |
| Funding |
National funds |
| Effectiveness | This fund has invested in several strategic sectors. |
| Strengths | This fund ensures that strategic activities in France remain under governance. |
| Weaknesses | Its financial power is relatively weak, when compared to other funds. |
| Example | 3S Photonics, Aéroports de Paris, Accor, Air France, Air liquid, Alcan EP (Engineered Products), Alcatel-Lucent, Altran Technologies, Assystem, Avanquest Software, Dailymotion, Danone, France Telecom, Groupe Carso, Groupe Limagrain Holding, Groupe Lagardère, Renault, Valeo, Vivendi, and Windhurst Industries. Note: this is not a comprehensive list. |
| Url | http://www.fonds-fsi.fr/ |
| Source | Triomphe, C.E., Teissier, C., Goryacheva, A. National background paper France. Anticipating and managing restructuring in enterprises: 27 national seminars. ARENA Report. Brussels, European Commission, 2009; http://www.fonds-fsi.fr/. |
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