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.