Discussions to better understand the role of various cleantech players

Open Innov by Engie
December 15, 2015

Dis­cus­sions to bet­ter under­stand the role of var­i­ous clean­tech players

INTELLIGENT ENERGY MANAGEMENT

09/​12/​2015

Through a part­ner­ship with the AFIC and in the sym­bolic set­ting of the Palais Brong­niart, ENGIE New Ven­tures, the Group’s ven­ture cap­i­tal fund, held a con­fer­ence on Ven­ture Cap­i­tal (VC) in the clean­tech sec­tor on Decem­ber 3rd with rep­re­sen­ta­tives of finan­cial funds, cor­po­rate funds and star­tups in which the Group has invested..

The con­fer­ence was intended to put the posi­tions of the var­i­ous actors into perspective:

• Finan­cial funds that are look­ing for “nuggets” that can gen­er­ate sig­nif­i­cant finan­cial returns,
• Cor­po­rate funds that aim to com­bine finan­cial suc­cess and align­ment with the strat­egy of their group,
• Star­tups seek­ing share­hold­ers who are flex­i­ble and com­mit­ted to their projects.

This event gave us the oppor­tu­nity to meet with the star­tups we invest in, but also with finan­cial and cor­po­rate ven­ture cap­i­tal funds,” said Gérard Mes­tral­let, ENGIE Chair­man and CEO, who also reaf­firmed the impor­tance of ENGIE New Ven­tures, which which enables the Group to be “a part­ner of the inven­tors and entre­pre­neurs who stim­u­late our institution.”

Sev­eral peo­ple from the finan­cial sec­tor spoke: Nancy Pfund (DBL Investors), Véronique Jacq(BPI), Dominique Ren­curel (Orkos Cap­i­tal), Eric Marty (Emer­son Man­age­ment), and Meier Uke­les (ICV). They stressed the impor­tance of projects’ finan­cial suc­cess of projects and how they affect star­tups’ eco­nomic devel­op­ment. Many dis­cus­sions focused on the rela­tion­ship between finan­cial funds and cor­po­rate funds in the man­age­ment boards of star­tups, an area in which each actor has to play its role with great finesse.
Nancy Pfund has also noted that energy will expe­ri­ence a rev­o­lu­tion sim­i­lar to the one that trans­formed other indus­tries (tele­coms, auto­mo­tive) and focused on two promis­ing areas: micro-​​networks and storage.

Cor­po­rate funds were rep­re­sented by Sébastien Pail­lat (Aliad-​​Air Liq­uide), Ralph Schnell(Siemens Ven­ture Cap­i­tal), Fran­cois Badoual (Total Energy Ven­tures), Hen­drik Van Asbroeck(ENGIE New Ven­tures). They empha­sized the com­plex­ity of their role: firstly in a finan­cial sense, in mea­sur­ing star­tups’ suc­cess, but also in ensur­ing they con­tribute eco­nom­i­cally to the devel­op­ment of their group. They must also ensure that two very dif­fer­ent cul­tures (hor­i­zon­tal cul­ture in star­tups and ver­ti­cal ones in large groups) get along and agree.

Lastly, sev­eral star­tups sup­ported by ENGIE were also present, with Susan Kennedy (AMS), Philippe Andreucci (APIX), Yoav Zingher (KiWi), Olivier Pireaux (Pow­erdale), Ludovic Le Moan (Sig­Fox), and Adrian Tuck (Ten­dril), who pre­sented their work and met with dif­fer­ent funds in a mar­ket­place event after the conference.

To watch the video, visit Open Inno­va­tion by Engie.