Green Communications, a wireless communications firm that utilises technology developed at the Université Pierre et Marie Curie and the Université Paris Sud, has received €600k ($780k) from venture firm Innovacom.
The investment marks the first investment for Innovacom’s seed fund technocom2. The fund is part of a wider Fond National d’Amorcage, set up by the French government. The fund has a number of strategic partners, including communications firm Alcatel-Lucent, which will support Green Communications.
Green Communications two founders, Khaldoun Al Agha and Guy Pujole, said: “Green Communications now enters a phase of commercial development after a number of pilot projects that have demonstrated the operational maturity of the technology”.
The company develops and commercialises network equipment for use in zones saturated by wi-fi and 3G networks.
