SNCF has launched a €30 million SNCF Digital Ventures investment fund, under the management of Hi Inov, the venture capital unit of family-owned investment company Dentressangle Initiatives.
The fund will focus on start- ups in the digital ecosystem, primarily in France and other European countries, but also in the US and Israel. Investments will range from €500,000 to €4 million.
SNCF Digital Ventures has three main goals:
– To actively seek and identify digital initiatives that will impact SNCF’s transport business.
– To invest in companies that are already working with SNCF on technological innovations, and so benefit from the added value generated by these new partnerships.
– To acquire stakes in other companies specializing in areas that are essential to SNCF’s digital growth.
The fund will cover a wide spectrum of technologies—the Internet of Things, surveillance drones, big data, mobile customer service and information apps, the sharing economy, digital tools for SNCF employees and more. It will invest in companies with direct and indirect benefits for SNCF.
On 10 February 2015, Guillaume Pepy, Chairman of SNCF’s Executive Board, and Yves Tyrode, SNCF’s Chief Digital Officer, unveiled the #digitalsncf initiative, designed to step up the pace of digital transformation within the Group.
In June 2015, SNCF created an on-line open data platform with an application programme interface that developers and start-ups can use to create new services.