SystemX welcomes the multi-year funding it will receive, amounting to 35 million euros divided into two tranches, the first of which covers 25 million euros extending until 2023.
This funding is part of the endowment plan of 450 million euros over 5 years granted on 4 June 2020 by the government in favour of Institutes for Research in Technology (IRT) and Institutes for the Transition of Energy (ITE) in order to support the industrial innovation and research.This announcement was made by Frédérique Vidal, Minister of Higher Education, Research and Innovation, jointly with the Ministry of Economy and Finance, the Ministry of Ecological and Inclusive Transition as well as the Secretariat-General for investment.
The government’s objective, through this funding, is to “support companies in their research efforts over time when their financial situation could call into question certain projects that are essential to the long-term competitiveness of strategic sectors” such as those relating to the digital engineering of future systems addressed by SystemX.
The health crisis has demonstrated how digital can allow our society to be resilient. It highlighted the importance of the topics researched on by SystemX: the resilience of transport systems, the management of the mobility of people and goods, the optimization of energy systems and territories, the optimization of supply chains, or even the transformation of the industry.
It is naturally that the IRT decided to enrich its roadmap in the service of sectors which, having been under great strain recently, can benefit from scientific and technological advances in fields which are at the core of the institute’s expertise: data science, system engineering, optimisation, multi-model simulation, network technologies (5G), cybersecurity and blockchain. Another major line of research for SystemX in the years to come is the hybridization of technologies with a system vision, which makes it possible to respond to the challenges of resilience, sustainability and sovereignty of innovations for the “next world”.
“We are delighted with the endowment granted to IRTs and ITEs by the government to support the economic recovery and sustain business research and innovation efforts over time. This decision is visionary; it comes at the right time and will allow the acceleration of technological projects that are necessary for the competitiveness of our country and its sovereignty. SystemX, by its agility, its mastery of critical technologies and systems, its ability to hybridize them, is ready to contribute to economic and industrial recovery thanks to digital technology. This commitment is a great sign of confidence and will support the institute’s efforts to imagine and design a safer, more efficient and more sustainable digital world with its industrial and academic partners,” remarked Michel Morvan, the President of SystemX.