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Paris (pte030/24.02.2003/13:47) - The French Ministry for Research and New Technologies has pledged millions of euros in support of upcoming technologies during its fifth national contest for the most innovative start-up projects.
To be admitted to the contest, participants must be residents of France but need not be French citizens. The projects submitted must be in the developmental stage, in preparation for entry on the market.
The goal is to identify the most interesting ideas for the founding of a company based on innovative technology. These companies will then receive financial support from the government.
Winners may receive subventions for up to 70 per cent of the maturation process or 50 per cent of the founding costs, as well as special supervision from former prize winners. They are also promised easier access to consulting and financing institutions.
The deadline for the contest is 6 March 2003. Further details can be found at http://www.recherche.gouv.fr/technologie/concours/default.htm
The contest is co-organized by the French Innovation Agency (Anvar) http://www.anvar.fr/ and the European Social Fund http://europa.eu.int/comm/employment_social/esf2000/guidelines_fr.htm.
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