Amadeus has announced that it won the PM'Up Ile-de-France economic development competition, the only audio company to win out of over 228 entries.
Established in 2008 by the Région Île-de-France, PM'Up supports small and medium-sized businesses that exhibit a high potential for growth and job creation.
The funds won by Amadeus will help spur investment in diversification, international development as well as equipment and material investments.
Jean-Paul Huchon, president of the Regional Council of Île-de-France says: "PM'Up was established to support innovating, dynamic and responsible businesses with their structuring projects, in order to stimulate their growth."
Head of Amadeus Bernard BYK, adds: "Joining the PM'Up network alongside hundreds of high-potential SMB in the Île-de-France region's ecosystem is a true honour. It also provides Amadeus with a wonderful opportunity to benefit from custom assistance and advising, and financial support from the Region Île-de-France. It will allow us to increase our production capacity, invest towards the launch of new products and services, create new jobs, gain new markets abroad and confirm our sustainable growth strategy."
SMB advisor at the Direction du Développement Economique et de l'Innovation Antoine Pallud, says: "Amadeus embodies the alliance of high technology and traditional know-how. The Region Île-de-France is committed to championing businesses that believe in innovation, values, and job creation. It supports Amadeus in its expansion, most notably abroad, confident that the company will contribute to extending the influence of the region, as well as its economic growth."