“Investment in innovative SMEs, current information system risks, the launch of the Village by CA Dijon (a start-up incubator initiated by Crédit Agricole), the presentation of the digital and creative economy project in Chalon-sur-Saône, and the speech by the President of the Regional Chamber of Commerce, Rémy Laurent, were on the agenda of the last general meeting of the Bourgognes Angels, at the Philippe le Bon hotel in Dijon.
But in the face of this club of investors, there were also project leaders. Each one had 10 minutes to present his activity and convince investors to follow them in their adventure. First to go on the “grill”: Mathias Parthiot and François du Garreau. They created Fuel it A connected gauge for oil tanks allowing to simplify and better manage purchases and orders of fuel for private individuals. For professionals, the interest is also to better manage fuel deliveries by anticipating them, and thus to avoid peaks in demand as soon as the cold returns and the tanks ring hollow. “the data is the new oil!” underlined François du Garreau and with this Fuel it connected gauge, installed in Nicéphore Niepce, in Chalon-sur-Saône, hopes to find the right deposit. The projected revenue for 2018 is €1.6 million, with revenue from both the sale of the sensor and the associated subscription. If they solicit the Angels Burgundies (for one million euros) it is in order to finance the production of 50,000 sensors, develop their activity, sell their product and structure themselves. Fuel it is a team of five people who won the French IOT (Internet of Things) community award this summer.
Their sensor is sold at a price of 150 euros incl. tax and it works with a battery with a life span of seven years.”