The French government has launched the Worldwide Innovation Challenge open to both French and foreign companies whose projects are of great interest to the French economy and present a strong potential for growth.
Through the Public Investment Bank (B.P.I.), the state is investing 300 mln euros to co-finance innovative projects within seven sectors constituting the pillars of the future development of France: energy storage; recycling of metals; development of marine resources; plant proteins and plant chemistry; personalised medicine; the silver economy - innovation in the service of longevity; Big Data.
The first selection stage, during which a hundred projects will be selected, opened on December 2 and will be subject to interim deadlines on January 30, 2014 and on March 31, 2014. The selection process is quick (up to 6 weeks) and is based on a hearing for projects that have met the eligibility criteria.
Further information is available from the French embassy in Nicosia http://www.ambafrance-cy.org/
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