To develop the results of its activities and in accordance with its memorandum and articles of association, IFPEN creates companies or acquires stakeholdings in companies that serve as technology transfer links in its fields of activity.
The objective is to turn each of these companies into benchmark players in their expertise areas. This also provides IFP Energies nouvelles with a network, thereby allowing researchers to incorporate market requirements with a view to continuously adjusting their programs to meet companies' needs.
These companies are connected to IFP Energies nouvelles through research agreements and licenses, IFP Energies nouvelles being the sole industrial property rights owner over the results. Agreements set the scope of the collaborative work in compliance with European Union rules. As such, the relationship between IFP Energies nouvelles and its subsidiaries follows business rules, similar to rules governing license agreements with companies that are not part of the IFP Energies nouvelles Group.
Within the group, stringent governance rules have been implemented between IFP Energies nouvelles and its subsidiaries. In particular, they clearly distinguishes IFP Energies nouvelles's role as a shareholder from that of technology supplier. As such, each subsidiary's general management puts forward the strategy to their board of directors, which sets the directions. The subsidiaries are left to manage themselves as they best see fit, while IFP Energies nouvelles exercises its role as a shareholder through various bodies (board of directors, audit committee, strategy committee, compensation committee, etc.)
>> the subsidiaries
The technology transfer policy is hinged round IFP Energies nouvelles's portfolio of shareholdings in companies that stand as benchmarks in their particular sector.
>> shareholdings portofolio
2011 Activity Report - Part 5: From research to industry (PDF - 1.9 Mo )