CA Technologies supports the Innogrants for 5 years
The US company CA Technologies has entered into a five-year partnership with the École Polytechnique Fédéral de Lausanne (EPFL) to help drive innovation start-up projects. Over this period, CA Technologies will make a six-figure sum available to the institution.
Marco Comastri, President and General Manager EMEA (Europe, Middle East & Africa) of CA Technologies said: ”We are very pleased to have partnered with this renowned institute. It is a true win-win situation for both parties. With our financial support, we will enable EPFL to conduct projects from innovative young people, which would otherwise not have been feasible. This not only helps ensure Switzerland remain a centre of technology, but also serves to develop young talent, who are in great demand in the technology industry.“
CA Technologies will be contributing to a special fund at EPFL called The Innogrants which was set up in 2005 to promote innovation and support young entrepreneurs with new business ventures at EPFL. To date, the fund has enabled the creation of 30 start-ups; ten in each of the field of life sciences (biotechnologies and medical devices), in the broad field of micro- and nanotechnologies, including electronics and energy, and in information technologies (from computing to software and Internet technologies). To qualify for funding support, suitable projects are evaluated by the Head of the Innogrants program at EPFL. The projects must have a clear focus on either a product or service and be based on a vision with both considerable impact and future potential.
Adrienne Corboud Fumagalli, EPFL’s vice-president for Innovation and Technology Transfer said: “Innovation and entrepreneurship are a bet on people. By supporting young talent, CA Technologies will help EPFL in identifying opportunities and developing innovation.”
CA Technologies has a long tradition of supporting research and promoting innovation. Similar projects are currently in operation at other prestigious universities in India, Israel, the USA and other countries. These projects are dedicated to promoting innovation and technological development.
Profitable investment in Swiss start-ups
Acquisitions are extremely important for the Swiss start-up scene; they show that investment in young companies is worthwhile and they can help to improve the supply of venture capital. And in the last week we reported about several acquisitions:Yield Pop, Sensima Technology, Sight.IO, and Covagen.