EDF bets on "French Tesla" in $100 mln start-up venture fund
By Michel Rose
PARIS, May 27 (Reuters) - French utility EDF is opening up to the world of start-ups with a 90 million euro fund that has already screened 1,000 projects and invested in half a dozen, including one which says its batteries could rival those sold by Tesla.
Coming on top of a separate 650 million euro annual budget in research and development, the 30 percent stake in the Electranova Capital fund is helping the state-owned French group keep abreast of breakthroughs worldwide, EDF executives said.
"We don't have a monopoly on innovation, so the idea is to open up our research and development," said Bernard Salha, the former electricity monopoly's R&D chief told reporters at a presentation to take stock of the fund's first three years.
Yep, that is what I have been saying all along. If it is what it portends to be and early results UNANTICIPATED were phenomenal/spectacular , whatever adjective you choose to use, VARLI represent a breakthrough, a real seminal moment in Immunotherapeutic treatment. To not factor in its worth (naturally once we have a bit more expected results) is sheer stupidity and guess what CEO and mgmt and board are NOT stupid and again funding in any shape or form not now or later a problema. All this is not appreciated by most who are not invested here
mongolian I love it when you talk like that,I like talking to you late at night
Don't exhaust the ol' noggin' and vocabulary at one time thinkin' up your counterpoint lola. Your gonna need plenty of ammo in the near future sweetheart.
why would anybody buy now? He gives nothing to the shareholder and a lawsuit pending. There is no way a retail shareholder would be buying. There are much better things out there with a known business model! I have never been more pi$$ed with a company in my life. You can't blame yourself even, due to his material misstatements!
Agree.....the selling pressure exerted by Gross has opened up new opportunities for investors seeking a good dividend and appreciation down the road.
Sentiment: Strong Buy
When you grubers have nothing intelligent to say you always resort to the race card. Funny how that works.