News
Research ministry boost for french startup CommonIT
June 2009 by Marc Jacob
Last week Valérie Pecresse, Minister of Higher Education and Research in the French government, announced the winners of nationwide competition sponsored by her ministry to identify innovative enterprises and technologies. CommonIT figured among the 74 enterprises selected to benefit from government financial aid covering 60% of the costs of their innovation projects.
But while the financial aid is more than welcome, the competition also says a lot about the quality of winners’ business models. The competition is now in its 11th year, and 80% of previous winners were still in business five years after winning, an exceptionally high success rate.
For commonIT, being selected as one of the winners is a reward which recognizes both the technical innovation of the Virtual Browser solution and the quality of the management team. Two criteria essential to the continuing growth and success of commonIT.
