The French proverb “Un sou est un sou” – every penny counts – applies most when it comes to climate action specially for scaling innovative technologies. Many startups fail to attract capital at the pre-front-end engineering design (FEED) phase.

To help cross this turbulent stage, the French government recently announced €100m ($113.5m) funding for four domestic sustainable aviation fuel (SAF) projects. The funding was part of the government’s Carb Aero call for projects, part of its ambitious France 2030 programme.

Although the ticket size per project translates to a relatively low figure of $28m, projects usually require much smaller funding to get to the FEED stage with future large ticket capital lined up for post-FEED stages.

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