What does it take to industrialize breakthrough technologies?
In 2020, our founders chose Europe and Grenoble to create Renaissance Fusion. They did it because of its world-class international research infrastructure, its ability to attract international talent, its tech ecosystem (and a little nudge by
Invest In Grenoble Alpes).
We are so attached to the region that we even named our stellarator Chartreuse (after the mountain, not the drink...).
But as we enter the industrialization phase, those assets will not be enough.
We'll need facilities. Suppliers. And above all, financing.
That's why after a stop at
SLS Actiparc to meet with local stakeholders I headed to Brussels with fellow European startups and the
Fusion Industry Association to discuss with the European Commission precisely how to create a continuum of financing from R&D to infrastructure.
What happens after R&D grants? Which public funds can crowd in private investment at the scale that industrial facilities and pilot power plants require?
By its 'world builder' nature, fusion hardly fits existing instruments. But if we wait for all technologies to be tried and tested before we finance them, we'll be forever followers. Semiconductors, batteries, renewables, they are all living proof of how challenging it is to catch up when you are late to the party.
The time to invest in breakthrough innovations is now. And the regions that embrace that bet are set to lead.
Merci beaucoup
La French Tech Alpes and @Le Village by CA Sud Rhône Alpes for the invitation to speak at the "Innovation and Industry" event!
Photo crédits
Pierre de Foucaud