(Silicon Valley, Paris — December 13, 2016) Groupe INSEEC has created a foundation to give itself a new tool to promote a culture of innovation for the benefit of their students. In this context, Groupe INSEEC announces a new partnership with the CITRIS Foundry startup accelerator along with an investment in its affiliated venture fund, Blue Bear Ventures (BBV). This new venture capital fund will invest principally in start-ups from UC Berkeley, the top public university in the world, and the broader University of California system. Launched in 2013 on the UC Berkeley campus, the CITRIS Foundry is a highly selective program for the top 10% of start-ups that are building transformative technology companies in energy, robotics, health, agriculture, and other markets of the future. By building stronger ties to the UC Berkeley and Silicon Valley ecosystems, Groupe INSEEC has strengthened its international positioning on entrepreneurship and technology.
Alain Labat, President of the INSEEC Foundation has declared: “I’m very pleased to lead this innovative venture for Groupe INSEEC in Silicon Valley. Establishing this partnership with a leading start-up accelerator program on the Berkeley campus is strategically important for the INSEEC students interested in entrepreneurship and technologies of the future in Silicon Valley.”