Econocom is investing in Paris-Saclay Seed Fund to support and develop innovation and entrepreneurship in the IT/Internet/digital/life science/MedTech sectors. This new investment will sustainably establish Econocom at the forefront of digital innovation and social changes in order to continue offering its clients the best solutions.
A partner and investor in Partech since 2013, this third seed fund investment further strengthens Econocom’s commitment to the development and growth of promising, avant-garde startups. Nearly 50 high-potential new companies founded by students, graduates and researchers from the prestigious Paris-Saclay grandes écoles campus will benefit from three years’ support. Investing in Paris-Saclay Seed Fund (made up of 17 establishments including Polytechnique, HEC, CentraleSupelec and ENS Cachan) will consolidate Econocom’s position in the digital world. It will place them in direct contact with tomorrow’s talents, which could eventually join Econocom Group, following in the footsteps of Magic Makers and Kartable. Supporting startups and helping them expand is one of the key elements of Econocom’s Corporate Social Responsibility (CSR) policy.
“We like entrepreneurs and we support them. Our group itself was founded on this entrepreneurial approach and we cultivate it every day by developing new ways of collaborating between all the companies and business lines that make up the Group. It’s this very boldness and agility that fuels our ability to advise our clients on new uses and the best digital trends and solutions to boost their competitive edge,” said Bruno Grossi, Executive Director of Econocom Group.
Jean-Marc Patouillaud, Co-Managing Partner of Partech Ventures, added: “Econocom has been one of our partner-investors since 2013 and of all the investment funds we offer, it has chosen specifically to invest in helping to develop startups. It’s more than just an investment: it’s tangible proof of the group’s continuing commitment to promoting innovation and entrepreneurship.”