The SATTs, catalysts of innovation, creators of value for the French economy
Two studies have just been published confirming the significant role played by SATTs in the national economy through this process of valorization of French academic research. One focuses on the financial value creation of start-ups supported by SATTs, the other on the impact of SATTs on SMEs and small and medium-sized enterprises benefiting from technology transfer.
2020 will be a pivotal year, rich in news for innovation in France. Like many other players, the SATTs are taking advantage of the start of the year to take stock of their socio-economic impacts since their creation through two recently completed studies. These studies confirm the significant role played by the SATTs in the national economy through the promotion of French academic research. One focuses on the creation of financial value for the startups supported by the SATTs, the other on the impact of the SATTs on the SMEs and ETIs benefiting from technology transfer.
Startup value creation 15 times greater than SATT investment
Between 2012 and 2019, 418 startups were supported in their creation by the SATTs, 37% of which were in the field of biology and health, 27% in the digital sector (ICT, IoT, etc.) and 36% in engineering sciences (chemistry and materials, energy, transport, agronomy and the environment). Among them, 404 startups have been the subject of an in-depth analysis by Deloitte Finance to identify the financial value created in order to compare them with the investment efforts made by the SATTs.
These companies are currently valued at more than one billion euros. This value is 100 times higher than the amount of their capital at the creation and 15 times higher than the amount invested by SATT in technological maturation and incubation. One euro invested by the SATTs in maturing research results produces €15 of economic value in companies whose growth potential is far from being fully expressed.
A 17% positive impact of SATTs on the economic performance of SMEs and ETIs.
The SATTs also irrigate the R&D of existing French companies, particularly small and medium-sized enterprises (SMEs) and mid-sized companies (MSEs). The SATTs give them the means to become more competitive and innovative. The companies supported by the SATTs have seen their added value increase by 17% in the years following the technology transfer.