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GEM boosts new enterprise

One-third of all Grenoble School of Management (GEM) graduates have gone on to start a business and make it a lasting success. Helped on their way by specific courses in entrepreneurship (including a specialist Master’s certified under the HEC Entrepreneurs scheme since 1993), the launch of the school’s own incubator and a “talent bureau” which assists project leaders, this score is substantially higher than the results obtained by other major business schools in France where on average only 5% of graduates start their own business.

In 2009 this enterprising spirit led to the start of 82 companies, of which 35% are located abroad, 39% are elsewhere in France and 26% are in Rhône-Alpes itself. Half of these firms are working in technology management and innovation, GEM’s prime speciality. Recent success stories include Beezik.com, the first website to offer free, but legal downloading of musical content funded by video advertising, FreshPlanet.com, the latest invention, in New York, of a serial entrepreneur who has launched four companies since graduating in 1995, but also Eveon, a small Grenoble-based biotechnology firm specializing in medical injection systems. It has just raised €4m in capital.