Extension of the value proposition made to SRIW's portfolio companies in biotech and digital sectors

Abstract

In a Walloon economic environment seeking to regain a global competitive advantage, specialization in sectors with high added value is particularly relevant. Institutional investors clearly have a role to play in financing innovative start-ups. However, in a more proactive vision, the activity of these institutional funds cannot stop at the simple role of investor. Indeed, innovative start-ups encounter many difficulties during their R&D and growth phases. This thesis aims to redefine the role that SRIW (Société Régionale d’Investissement de Wallonie) plays for companies active in the biotech and digital sectors in which it invests. This is reflected in a new support strategy for these companies through the creation of a network of external expertise and the precise definition of the profiles of these experts. A benchmark with funds specialized in these sectors makes it possible to identify the way this network should be set up. A wave of interviews with portfolio companies enables to more clearly identify the needs that this network of expertise must be able to meet. In order to take full account of the mutual influences and constraints between the project and the company, several contextual adaptations must be made for the proper implementation of the proposed solution. In order to remain fully objective with regard to this solution, an evaluation plan based on the Balanced scorecard theory is proposed. It intends to objectify the results and consequences of setting up the network of external expertise. This thesis also highlights how an investment fund with limited internal resources can improve its portfolio advisory activity.