On June 4, 2020, the Minister of Higher Education, Research and Innovation Frédérique Vidal announced that 21 million euros would be mobilised for the Institute for Energy Transition Vedecom for 2021 and 2022. The objective: to support technological innovation and French industrial sectors working on the mobility of the future.
According to Philippe Watteau, the Institute’s CEO, ‘this mobilisation of funds will contribute to financing a wave of new innovative projects in the sustainable mobility sector. These projects strive to advance technological transformation for low-carbon mobility. They also aim to come up with new mobility solutions that integrate what we have learned from the health crisis and more directly meet the needs of citizens and territories.’
‘This new commitment from the State will contribute to reinforcing the Vedecom ecosystem, which already has 58 members from different industrial sectors working on the mobility of the future: the auto industry, public transportation and mobility, logistics, road infrastructure, telecommunications, energy, aviation and defence, digital services and simulations, and insurance.
It will also help Vedecom cement its position as a leader in the European autonomous, electric and connected vehicle industry.’
In all, 450 million euros have been mobilised for Technological Research Institutes (IRT) and Energy Transition Institutes (ITE), grouped together this year under the French Institutes for Technology (FIT) Association to support industrial innovation and the scientific excellence of French research. This support is part of the State’s Programme d’investissements d’avenir (PIA) in an effort to relaunch the economy.