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ESSEC Ventures announces Silicon Valley presence via partnership with HubTech 21
Sep 07, 2012 (03:09 PM EDT)
CERGY, France, Sept. 7, 2012 /PRNewswire/ -- ESSEC Ventures, the entrepreneurship division of the ESSEC Group, conscious of the ever-increasing appetite of its start-ups to be in Silicon Valley, has signed a partnership with San Francisco-based Hubtech 21.
HubTech 21 is an accelerator for entrepreneurs seeking to develop their businesses in the U.S. HubTech 21 provides coaching and dedicated workspace to companies with high-tech projects. In addition, it enables start-ups to access the well-established "French Connection" in Silicon Valley. HubTech 21 is also a partner of New Technology Venture Accelerator (NETVA), which provides personalized coaching, helps companies analyze their opportunities, and assists in the development of technology partnerships between France and the U.S.
Julien Morel, Executive Director of ESSEC Ventures, declared that "last year alone, no less than three ESSEC Ventures companies set up in California (OneFeat, Bankin, and eLive) and the majority of the other companies would, at some point, like to develop their businesses in the U.S. This partnership ties in to our mission at ESSEC to provide our student entrepreneurs with an opportunity to gain a global vision of business and receive guidance regarding their launch in the US".
"Welcoming ESSEC Ventures entrepreneurs is a unique opportunity for HubTech 21", stated Xavier Wartelle, CEO of HubTech 21. "Through this partnership, ESSEC Ventures will benefit not only from immersion in the very heart of Sillicon Valley's ecosystem, the most dynamic and innovating technological hub in the U.S, but also from strong connections with the key players in Valley's French community. Our goal is to answer international needs for these future entrepreneurs. I'm very happy that HubTech 21 can participate in this ambitious project, and reinforce ESSEC Venture's entrepreneurial presence in the U.S.".
ESSEC Ventures hosts over 60 start-up companies, developed in its incubators each year. It boasts a network of 35 partners (investment funds, lawyers, consultants, and coaches), as well as a venture capital funds that has invested seed capital in 15 ESSEC Ventures companies. The program is one of the most acclaimed by ESSEC students.
ESSEC Ventures is the structure for Groupe ESSEC entrepreneurs. It includes training programs, an incubator, a talent incubator, a dedicated seed fund and events that bring entrepreneurs and investors together.
This partnership between ESSEC Ventures and HubTech 21 is a perfect match for ESSEC Venture's international strategy and ESSEC's international ambitions in Singapore. Indeed, Singapore is a perfect hub for growing and expanding in China and in BRICS. Additional expansion projects are planned in France, where the entrepreneurial effervescence of ESSEC Ventures has the most impact.
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About Hubtech 21
SOURCE ESSEC Ventures