Leti plans startup accelerator

July 10, 2016 // By Peter Clarke
French research institute Leti (Grenoble, France) is planning to create a startup accelerator organization under the name Innovation Venture Accelerator (IVA).

Philippe Ruffin, who is responsible for startup programmes at Leti, disclosed the plan at the Leti Innovation Day on IoT reliability and security, held in Lyon, France, in June.

Ruffin said there are more than 150 startup accelerators in Europe but that none are devoted to science and technology and that Leti wanted the IVA to fill that gap with a plan to support 10 companies in 2017 and for that number to rise to 20 by 2020.

Ruffin said Leti is seeking sponsors and partners with to launch the IVA some time before the end of 2016.

It is not clear whether there will be technology or geographic conditions governing startups' eligibility to benefit from the IVA. Typically such accelerators seek to bring together VCs, IP providers, EDA companies, foundries and system companies and, by effectively pre-qualifying a startup, shorten its time to market.

One of the more recent examples of a startup accelerator is Silicon Catalyst in California (see Silicon startups get incubator ). Silicon Catalyst has signed deals with Keysight Technologies, Synopys and TSMC to support startups.

An alternative incubation style activity sometimes works with entrepreneurs even before they have formed a company. These programs can introduce entrepreneurs to mentors, provide advice and training courses. Sometimes they take a piece of equity in return for funds and entry into the program.

One possible place for Ruffin to present more detail of the IVA would be at the Innovation Village event coming up at Semicon Europa set to happen in Grenoble at Alpexpo October 25 to 27.

Related links and articles:

www.leti.fr

www.semiconeuropa.org

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