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Approval procedure
Industrial or research projects requesting the approval of Finance Innovation are examined by a Selection Committee, by delegation of the Steering Committee, according to the three following criteria:
- Innovation, in particular in terms of techniques employed, models implemented, financing needs treated, customer segments addressed or risks covered;
- Strategic impact for the French financial industry: new products or new customers, international edge, employment development, and, more generally, contribution to the clusterâs five strategic lines of action;
- Credibility: adequacy between the partnersâ competences, the projectâs technical feasibility and financial viability.
The procedure to apply for approval is described in the "general terms of approval" document. the main steps are:
1. First contact and information exchange.
2. Formal application for approval.
3. Examination of the project and presentation in front of the Selection Committee.
4. Final decision of the Steering Committee.
The Steering committee usually reaches a decision within two months of the application for approval. An external expertise can be requested if appropriate.
Approved projects receive a certificate of approval by Finance Innovation.
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