After the confirmed success of the first edition, the second edition of BA06* will take place on January 26, 2012, at the Palais des Expositions in Nice, an event aimed at bringing together all local stakeholders involved in the growth of the innovative economy, organized by the Economic and Sustainable Development Commission of the UPE 06, chaired by Georges DAO.
The aim of this event is to connect young innovative companies with major accounts, investors, partner support structures for creation and innovation, business incubators for young companies, and funders (individuals or private entities).
BA06 is the founding event of the Innovation 06 market, dedicated to creators looking to sell their first innovative products/services and/or seeking funding to accelerate their development. The originality of BA06 lies in its ability to initiate and “boost” business relationships within our own department with a commitment to long-term action.
Expected attendees include 80 innovative companies, buyers/decision-makers (major accounts), investors (with a focus on private investors, individuals, and investment funds), as well as support experts present in our territory.
BA06 partners, alongside UPE 06, include the structures in the Alpes-Maritimes specializing in support, financing, and accommodating new businesses.
Why BA06?
To gather all local players involved in the growth of the innovative economy in a single day, meeting a pressing need:
The territory of Alpes-Maritimes, despite strong potential, is missing out on innovative, sustainable economic development from which all sectors and individuals could benefit.
This annual shortfall can be described as follows:
• 50 to 100 companies in the 06 area develop poorly, develop elsewhere, or do not develop at all.
• 100 to 200 million euros in additional turnover are lost less than 2 years after creation.
• 300 to 1,000 additional jobs are not created.
These companies have clear funding needs and face difficulties in raising funds, either due to a lack of understanding of financial mechanisms and organizations or due to a lack of time or skills.
Moreover, these same companies have difficulties selling their products/services to local major accounts. These decision-makers are unaware of the “gems” they have at their fingertips. BA06 facilitates the convergence between these two worlds!
Finally, these “gems” do not necessarily have the appropriate skills to ensure their development. Hence the importance of support in audit-advisory.
The 2012 edition: participation exceeds 2011 levels:
72 Innovative Companies (39 in 2011), 21 Decision-Makers, 38 Supporting Companies, 47 partners.
And about 100 investors spread over 20 institutional and 80 private (25 private in 2011) are expected.
Yvon Grosso, President of UPE06: The “BA06 Support and Investment” fund is UPE 06’s and its partners’ response to the funding needs of innovative companies.
“The success of the first edition has highlighted the need to strengthen investment proposals, a significant issue for the 06.
This year will see the creation of the ‘BA06 Support and Investment’ fund, arising from the study of the needs of innovative companies that can rely on equity financing, an essential complement to public aid and bank loans, intended to launch or develop their activities.
I announced at its launch that this event would be a flagship action of UPE 06, to help creators and grow our SMEs and micro-enterprises, as mentioned in the mandate program; the 2nd edition will, I am sure, fulfill all its promises of concrete actions in favor of business and innovation at the heart of our territory’s economic growth,” concludes Yvon Grosso, President of UPE 06.
