Séminaire de l'Axe 3Jesus Herell NZE OBAME et Catherine Deffains-Crapsky

Du 27 mars 2025 au 27 mars 2025

Jeudi 27 mars
De 12h15 à 13h15 en salle du Conseil (1^er étage de la Faculté de Droit, Économie Gestion)
Distanciel accessible sur demande.

Jesus Herell Nze Obame (économie), et Catherine Deffains-Crapsky (finance), membres du Granem, interviendront lors du prochain séminaire dans le cadre des travaux de l'Axe 3.

• Titre de la présentation :

"An Investigation of Public Finance for Potential High Growth Start-ups: The Case of France"

• Abstract : 

 The French private equity ecosystem is characterised by the presence of a state investment bank (SIB), Bpifrance, which has structured and streamlined the sector since its creation in 2013. On the demand side, this research questions the influence of Bpifrance, as a direct public investor in venture capital, on the length of time between funding rounds and the ability of funded ventures to move up along the financial escalator.  To answer this question, data was collected from Dealroom, a platform that provides investment information on a large number of startups in different countries over their lifecycle. An event history analysis is conducted on a sample of 3741 French ventures that raised their first seed funds between January 1990 and December 2019. The results confirm the impact of the creation of Bpifrance and the various public programmes that accompanied it on the structuring of the French venture capital ecosystem. On the other hand, the results questioned the ability of Bpifrance to support start-up companies with disruptive social and/or environmental innovations that require patient capital and significant risk-taking.