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Codra selected for "SME Accelerator" program
Codra has been selected by Bpifrance and the DGE (Directorate General for Enterprise) to participate in the first round of the "SME Accelerator" program
This program is aimed to give smaller companies the key to growth. The 68 selected French SMEs will be supported to become intermediate-sized companies, known in France as ETIs. "We took those who are growing, who have ambition, who are strategic but not tactical, those who drive at 90 when they could run at 110 or 120 km/h," says Nicolas Dufourcq, Bpifrance public bank general director.
Codra and the other 67 SMEs were selected on the basis of objective criteria that assessed their past performance, growth potential and motivation to follow the program. They come from almost all regions in France, from a very wide variety of sectors (industry and services) and are different sizes. "With the multivitamin Bpifrance cocktail, we want to have at least ten SME promoted to achieve a one billion euro turnover," enthuses Nicolas Dufourcq.
During 24 months, these SMEs will have access to "the best" support services of Bpifrance and its three partners: Business France for their export strategy, the IME (Institute of Entrepreneurial Mentoring) for mentoring and SME Pact for relationships with large groups.