BPIfrance launches French Fab for SMEs and ETIs in France
Last October, Bruno Lemaire launched the French Fab program in Bercy with the help of Bpifrance Inno Génération. This public finance investment bank intends to organize and back a system that will renew France’s industrial sector. One of its major objectives is to double the number of French ETI (medium-sized enterprises), which employ between 250 and 5,000 individuals. The ultimate goal is to make France a powerful hub for fostering skill and innovation.
A far-reaching strategy
The directors at TB Groupe - a French high-end cutlery manufacturer – are pleased about this initiative. This cutlery company is constantly striving for excellence through sponsoring innovative projects and is known throughout the cutlery sector for its dynamism.
The Minister of Economy and Finances announced that this plan includes tax reforms and training courses.
Bpifrance’s goal is to support several French companies and organizations to accomplish their goals. It will be a partner within the industrial sector. Six major sectors have been clearly identified:
- Ship building
French Fab & Bpifrance: call for applications
There are approximately 5,000 ETIs in France, whereas, in Germany there are approximately 11,000. Established companies that would like to join the French Fab, which are supported by Bpifrance, are projected to join the new investment program provided that they meet the following requirements:
- Their turnover must be greater than 10 million euros
- Their objective is to double this turnover
- Companies must engage in international development within 3 to 5 years. These companies must adjust their production model through strategic positioning on the global market.
The public authorities’ objectives: French Fab & Bpifrance
Companies will be supported through financial aid and will be given guidance from experts in their field in order to spur growth throughout the company, including: innovation, external and commercial development, design, new technologies, etc.
Bruno Le Maire set the maximum number of companies that can be assisted by BPifrance and French Fab at 4,000. At the moment, 2,000 have already been accepted to the program.
TB Groupe’s high-end cutlery: symbolizing French innovation and success
The following statement made on October 2, 2017 by Bruno Mayor defines the project perfectly: "France’s ingenuity lies in its ability to reinvent itself [...], to seize opportunities within the digital and AI sectors in order to have a future industry, which is stronger than it was yesterday."
It goes without saying that the innovation and the inventiveness of companies are highly influenced by France’s ambitions leaders.
It is clear that the high-end cutlery manufacturer, Tarrerias-Bonjean, is already following the industrial paradigm shift in France. This cutlery company has been at the forefront in its sector for several years.
TB Groupe’s high-end Cutlery: Evercut ®
For example, TB Groupe has been able to improve upon a centuries-old artisanal craft by creating a collection of latest-generation kitchen knives: the famous Evercut knives ®, which are reputed as being the sharpest and strongest in the world.
Innovation according to TB Groupe: High-end French cutlery manufacturer
The kitchen knives with Evercut ® blades can be found in several collections. They are available in a wide array of classic or modern designs. No matter which design you choose, you can rest assured that you are purchasing an efficient knife with a razor-sharp cutting edge. The blades of Evercut ® knives have titanium carbide laser-fused to the cutting edge of their stainless steel blades. Since 2010, this innovative technology has been awarded several prizes.
French Fab and Bpifrance, are designed to propel France into an era of industrial renewal and TB Groupe is a perfect example of a company that follows this new industrial policy.
Emmanuel Macron’s wish
Today, 80% of French national investment goes to industries for research and development and 75% goes to exports. Industries created 130,000 jobs between 2009 and 2016. However, according to a study by the INSEE published in march 2017, French industries produced only 12% of the GDP.
It is time for French companies to improve their skills, especially on a global scale, as the President Emmanuel Macron stated, "Entrepreneurs will reposition their business models and seize growth opportunities, particularly on the international level. There are still too many companies that do not have an international strategy."