Bpifrance and INNOXV sign a strategic partnership – Bpifrance

Rabat, April 26, 2024 – Bpifrance, a French public investment bank that finances companies at every stage of their development, and INNOVX, a multi-sector company committed to the development of innovative and sustainable companies and ecosystems, today announced the signing of a memorandum of agreement aimed at strengthening cooperation on strategic projects in key sectors in France and Morocco, making it possible to respond to the challenges of industrial decarbonization, energy transition and strengthening of agricultural value chains.

This ceremony took place in the presence of Nadia Fettah Al Alaoui, Minister of Economy and Finance of Morocco, and Bruno Lemaire, Minister of Economy, Finance and Industrial and Digital Sovereignty of France.

This partnership, fully in line with the strategic plans of INNOVX and Bpifrance, aims to support, through the use of financing, investment instruments and Bpifrance guarantees, strategic projects developed by INNOVX in collaboration with French companies.

Furthermore, this collaboration offers the opportunity to establish co-investment mechanisms to strengthen value chains and ecosystems, especially in the areas of innovation and deep tech, and agricultural value chains.

In addition, by relying on Bpifrance’s expertise in the field of innovation financing and INNOVX’s know-how in the field of business and ecosystem development, it will make it possible to stimulate the entrepreneurial ecosystem and the emergence of innovative encourage projects with high growth potential.

“ Our strategic partnership with Bpifrance reflects our shared commitment to respond to the challenges of industrial decarbonization, energy transition and strengthening agricultural value chains. This collaboration marks an important step in realizing our vision and ambition to develop innovative and sustainable companies and ecosystems.” said Youssef EL BARI, CEO of INNOVX.

“This partnership, with a leading player with whom we share the same ambition and the same vision, will allow us to accelerate the strengthening of agricultural value chains in the context of security and food sovereignty on our continent” testified Younes Addou, Vice President Agribusiness & Sustainability Solutions of INNOVX.

Olivier Vincent, executive director responsible for exports at Bpifrance complet : “The signing of this partnership between Bpifrance and INNOVX illustrates a new era of cooperation between France and Morocco, focused on the strategic sectors of tomorrow. Industrialization, decarbonization and resource optimization represent common challenges that promote high added value partnerships between INNOVX and French companies. »

Isabelle Bébéar, Director of International and European Affairs at Bpifrance, added : “It is particularly relevant to develop strategic projects between France and Morocco, using our respective areas of expertise, especially investment and innovation, and that is the whole meaning of this partnership. By focusing on concrete programs related to renewable energy in agri-agriculture and industry, we promote the connectivity of our ecosystems for the benefit of our companies.”

About Bpifrance:

Bpifrance finances companies – at every stage of their development – ​​with loans, guarantees and equity. Bpifrance supports them in their innovation projects and internationally. Bpifrance also ensures their export activities through a wide range of products. Consulting, university, networking and acceleration programs for startups, SMEs and mid-sized companies are also part of the offering to entrepreneurs.

Thanks to Bpifrance and its 50 regional locations, entrepreneurs benefit from close, unique and efficient contact to help them meet their challenges.

More information at: www.Bpifrance.fr – https://presse.bpifrance.fr / – Follow us on X (former Twitter): @Bpifrance – @BpifrancePresse

About INNOVX:

INNOVX is a multidisciplinary and multisectoral company that aims to develop the industries of tomorrow by investing and developing innovative companies and ecosystems with high impact.

INNOVX, a subsidiary of Mohammed VI Polytechnic University (UM6P), combines the professions of investment, technology development and business development to design, develop and deploy innovative, efficient and impactful technology companies and ecosystems on an industrial scale.

INNOVX is active in strategic sectors that are essential for food security and the energy and digital transition, such as Agriculture and Water, Energy, Chemicals, Digital and Social Innovation.

For more information, visit our website: Innovx.ma