Lemer Pax is the first recipient of the new innovation funding mechanism “Pays de la Loire Innovation Fund – Investments for the Future Programme”. We received a grant to develop a new innovative, ecological, radiation protection material. The Pays de la Loire Region is one of the 5 pilot regions for this mechanism, on the heels of the Pays de la Loire Innovation Fund launched 4 years ago and ahead of the national calls for projects under the Investments for the Future Programme.
€ 20 M mobilized
€ 20 M, financed equally by the Central Government and the Region, were mobilized for this mechanism, which targets SMEs working in the sectors of excellence in Pays de la Loire. Bpifrance is handling the administrative and financial management of the mechanism. “The idea is to provide quick financing for innovation”, said Patrick Baudry, regional representative of Bpifrance. The first applications were approved extremely fast, showing that this is an agile system