The Fonds Paris-Dauphine is financing three promising new startups
Three budding startups will receive interest-free honor loans from the Fonds Paris-Dauphine, the university’s honor loan fund, designed to accelerate the growth of high-potential startups. The fund provides an annual honor loan envelope of €105,000.
The Honor Loan Fund, launched in early 2016, is currently co-financed by Fondation Paris-Dauphine and the Caisse des Dépôts. Its aim is to provide much-needed financing to startups from the Paris-Dauphine Incubator. Honor loans are interest-free personal loans ranging from €10,000 to €40,000 per project, repayable over 5 years with a one-year grace period.
Loan recipients for Fall 2017 are:
- Billee :a mobile application that lets friends share their restaurant bill. Project leaders: Ghislain Rouëssé, Jan de Lobkowicz, and Fernand Couto
- Eklo a workplace green space design company. Project leaders: Harold Cunningham, Eirik Jalbert, and Allan Cunningham
- Whoomies a matching app for finding roommates and apartment hunting. Designed by Lauren Dannay and Alexandre Assal
The honor loan is a real boost for startups in the seed stage, where financing is critical and difficult to come by. It provides them with the cash needed to jump-start their development.
Since it was created, the honor loan fund has distributed €455,000 in loans to 13 Dauphine startups.
The fund’s immediate goal is to boost its activity and finance even more Dauphine startups. They are looking for new corporate partners who, like Lafarge-Holcim who has just joined the fund, will both co-finance the operation and participate in the fund’s investment committees.
If you are interested in joining our ranks, or learning more about the initiative, contact Estelle Basquin, incubator coordinator: estelle.basquin @ dauphine.fr