A 10 million EUR envelope to support innovative start-ups

“Impact Capital” is an initiative that will soon support innovative start-ups in Réunion. Its objective is to raise 5 million EUR from private investors and the same amount from public partners to finance approximately 100 projects each year.

This project was launched by Michaël Richard, a wealth management expert and teacher, and Rémi Voluer, a manager specializing in supporting start-ups. The two founders noted a lack of financial support for start-up companies, with existing programs primarily favoring established companies.

The structure will finance initiatives with a positive impact on the environment, society, and the local economy. Each grant will represent approximately 50,000 EUR, over a period of 2 to 10 years. All sectors are eligible, with the exception of those with high pollution. Particular attention will be paid to projects related to sustainable development, health, responsible tourism, as well as food and energy sovereignty.

Three mechanisms will be implemented: direct investment for large-scale projects, a network of business angels—experienced private investors—and a club of individual investors. The official presentation is scheduled for this week’s French Tech Connect.

In addition, in early June, La Réunion Développement will organize “La Réunion Invest,” an event bringing together French and foreign investors to showcase the island’s economic potential. President Pascal Plante emphasizes a controlled influx of capital, a guarantee of the region’s sustainable development.