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<text><![CDATA[Who am I ?<br />]]></text>
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<text><![CDATA[Innovacom is France Télécom Orange's risk-capital subsidiary<br />]]></text>
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<text><![CDATA[We act as an investor<br />]]></text>
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<text><![CDATA[using equity capital to finance innovative young companies<br />]]></text>
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<text><![CDATA[in the telecommunications and internet sector.<br />]]></text>
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<text><![CDATA[What do I give ?<br />]]></text>
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<text><![CDATA[Our role is, at once, to finance<br />]]></text>
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<text><![CDATA[and support companies<br />]]></text>
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<text><![CDATA[in their commercial actions<br />]]></text>
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<text><![CDATA[- particularly with regard to Orange.<br />]]></text>
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<text><![CDATA[At this level, we have a very significant success rate<br />]]></text>
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<text><![CDATA[because 70% of the companies we finance<br />]]></text>
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<text><![CDATA[become commercial partners of Orange.<br />]]></text>
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<text><![CDATA[So, we are involved at different stages -<br />]]></text>
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<text><![CDATA[we can intervene fairly early on -<br />]]></text>
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<text><![CDATA[but the product must already be finalized,<br />]]></text>
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<text><![CDATA[so that we can show it to customers.<br />]]></text>
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<text><![CDATA[Just as we can also intervene<br />]]></text>
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<text><![CDATA[in the latter stages of the development of a company<br />]]></text>
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<text><![CDATA[where it already has a customer base.<br />]]></text>
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<text><![CDATA[What do I want to get ?<br />]]></text>
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<text><![CDATA[We are currently searching within three domains.<br />]]></text>
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<text><![CDATA[So, the first of these is networking software<br />]]></text>
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<text><![CDATA[which allows<br />]]></text>
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<text><![CDATA[us to be, at once, both very open on content - applications<br />]]></text>
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<text><![CDATA[which can transit via the telecommunications networks<br />]]></text>
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<text><![CDATA[and be delivered to all types of devices,<br />]]></text>
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<text><![CDATA[both landline and mobile.<br />]]></text>
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<text><![CDATA[This, raises problems of both<br />]]></text>
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<text><![CDATA[traffic management,<br />]]></text>
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<text><![CDATA[and content identification,<br />]]></text>
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<text><![CDATA[and a great many software programmes,<br />]]></text>
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<text><![CDATA[and young companies can develop software in this domain.<br />]]></text>
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<text><![CDATA[The second domain is related to devices<br />]]></text>
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<text><![CDATA[and to associated services<br />]]></text>
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<text><![CDATA[- whether this is in the world of business, transport,<br />]]></text>
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<text><![CDATA[cars,<br />]]></text>
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<text><![CDATA[or the home -<br />]]></text>
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<text><![CDATA[everything to do with 'home networking'.<br />]]></text>
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<text><![CDATA[And there, there are many interesting areas<br />]]></text>
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<text><![CDATA[linking 'devices'<br />]]></text>
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<text><![CDATA[to service.<br />]]></text>
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<text><![CDATA[and then the third domain -<br />]]></text>
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<text><![CDATA[this is the internet domain,<br />]]></text>
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<text><![CDATA[internet services on both landline and mobile networks.<br />]]></text>
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<text><![CDATA[Content, e-commerce -<br />]]></text>
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<text><![CDATA[this is a domain which is still growing strongly,<br />]]></text>
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<text><![CDATA[and in which entrepreneurs<br />]]></text>
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<text><![CDATA[can start up today<br />]]></text>
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<text><![CDATA[with a reasonable chance of success.<br />]]></text>
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<text><![CDATA[Innovation has found its television.<br />]]></text>
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