Within the framework of the Investissements d'Avenir ("Investments in the Future") Programme, the French government has made available €900 million for the creation of 14 "Technological Transfer Acceleration Companies" (SATT). A SATT is a société par actions simplifiée (simplified joint-stock company) owned by academic bodies and the French state. The shareholders of the Lyon Saint-Étienne entity are: the Université de Lyon, CNRS and the Caisse des Dépôts.
The principal activity of our SATT consists of selecting and investing in academic research results and transferring them to the socio-economic world. It benefits from a "right of first review" for research results obtained by Université de Lyon member institutions. The UdL institutions retain ownership of the intellectual property rights attached to their inventions (patents, rights attached to software and knowledge, etc.) and grant the SATT an exclusive licence covering these rights, which the company will seek to promote and exploit among businesses, hospitals, regional authorities, etc.
For selected projects, the SATT covers the related intellectual property fees, the costs of gestation (proof of concept, demonstrators, prototypes, method consolidation, etc., up to €250,000 per project), and the costs of marketing via already existing companies or, if necessary, helping to set up such a company.
The SATT benefits from a French government subsidy of €57 million, which it will use during the 2013-2023 period to accompany and finance transfer projects. It also benefits from regional state funding. At the end of this period, the company is expected to have attained a certain equilibrium allowing it to cover its operating costs and to continue investing in new projects. To this end, the SATT receives a portion of the revenue from licences (20-50%), as well as revenue linked to the creation of businesses.
The SATT works in collaboration with the services or subsidiaries of the institutions, which remain in charge of drawing up and managing the joint research contracts.
It also assists researchers in setting up businesses.