Investment rules
In exchange for the tax benefits offered to subscribers, innovation funds must adhere to the following investment rules:
| - 60% of the innovation fund’s assets must be invested in the shares of unlisted companies that are subject to the corporate income tax and innovative. A company qualifies as innovative based on its R&D expenditures or if it has been certified by ANVAR (French Agency for Innovation). Some companies that are majority owned by another company are not included in the 60% ratio.
- The remaining 40% of the innovation fund assets may be invested in all other investment products or shares.
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