Claire Saddy, president of the incubator the First Auvergne-Rhône-Alpes, advocates for an intervention of the authorities in the capital of companies with strong potential.
More than ever, businesses need money. To invest or to bridge a cash deficit due to the crisis caused by the pandemic, the search for liquidity has become a major issue for many of them. And this is even more true for women. Whether to borrow from banks or raise funds from investors, the research money to a company headed by a woman is more difficult, both during its creation and during its development. That may be the public power to support them, beyond the now classic "loan guaranteed by the State" ? Despite the demonstrated utility of this measure, the repayment of this loan may mortgage the future growth of a company. Then how to do it better ?
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Aware of these difficulties, David Kimelfeld, a candidate in the election of the metropolitan of Lyon, proposes to innovate with a device whose relevance, as the president of an incubator dedicated to women's entrepreneurship, seems to me very great. Based on the observation that local actors are best placed to identify enterprises with high development potential, the current president of the metropolis of Lyon suggests, at the risk of using a word that hits the ears of the great capitalism, to make "nationalization" local.Your support is essential. Subscribe for $ 1 support Us
Identify and support the nuggets local
It would create an investment fund of the Metropolis of Lyon, with 200 million euros, which would take equity stakes in local companies, SMES or ETI. The idea is to support them until they rebound. The Constitution of our country allows the implementation by law of this type of testing, to help companies in difficulties.
many Of the territories of France have the chance to host the nuggets in technology dedicated to develop. We cannot accept the idea that this crisis is leading many of them to disappear or to be bought at a discounted price with funds that will not have interest in defending local interests. The risk ? Wake up in a year or two and realize that all of these nuggets will be gone, as was the case after the 2008 crisis (the factory Fagor-Brandt of Gerland, which was sold before being closed in 2010), or relocate, taking their technologies and know-how.
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examples of loss of sovereignty of France in the field of industry are not wanting, since the sale of the branch energy Alstom General Electric through one of the company to an american group two times smaller. A year ago, the start-up lyonnaise Sentryo, a champion of cyber security, has been swallowed by the american giant Cisco, the manufacturer of Salomon skis is passed under chinese control.
The proposed innovation would make the Metropolis a shareholder in the long time that withdraws capital at a time when the companies wish to join.
A measure beneficial to women entrepreneurs
Why support such a measure ? Beyond the fact that such an investment fund would be an effective tool of economic policy public fléchant of the priority areas for the territory, it would also help a priority women leaders. In effect, the entrepreneurs are at the head of small and medium-sized enterprises often under-capitalized : a public investment of part of the balance sheet would be especially beneficial, and would help to rebalance a search for funds more difficult for them than for men.
Then, the entrepreneurs are mainly active in the fields of the economy that were until now under-valued but which represent a high added value for the territories tomorrow : health, care, social and solidarity economy, the services to the person, the environment, education, culture, Tech for good,... Many sectors of the future in which local communities have an interest in investing.
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Example : the start-up HealShape, created in Lyon by Sophie Brac de la Perrière, accompanied by First Rhône-Alpes and Pulsalys, developed by bio-printing solutions for breast reconstruction for women who have experienced breast cancer and from their own cells. An innovative process that takes advantage of the local ecosystem, in research and in health, but that requires a heavy investment. Or even Cooking Duck, a company under the name "French Tech seed", which imagined a wizard, culinary, and which the fundraiser is found to be stopped by the containment. For these companies, identified as high potential, the nationalization of local would pass the difficult period of the current crisis and to ensure long term jobs for which they are naturally a carrier.
non-bias, the nationalization of local would be effective to the growth of the business. It would benefit both men and women but it would give a real boost to women entrepreneurship.
However, to fully carry out its mission, such a device will have to be attentive to the balance of the allocation of funds... not to forget the women, actually ! In fact, although I am absolutely convinced, as evidenced by numerous studies, that entrepreneurs perform, their propensity unfortunate not to highlight their successes and make this fact less visible can penalize them. For public authorities to act in order not to be deprived of this potential !
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* Claire Saddy, president of the incubator the First Auvergne-Rhône-Alpes, is assistant to the mayor of the 7th arrondissement of Lyon, in charge of entrepreneurship, the economy and equality of women and men, a candidate on the list DK 2020 in the elections of the metropolis of Lyon