HEC Paris Launches Accelerator Program for Social Economy While EMAC Secures Local Jobs with Internal Management Shift

Ten social economy enterprises from the South region of France have joined the inaugural cohort of the ESS Sud Accelerator, a twelve-month program operated by HEC Paris in partnership with the Région Sud. Launched to bolster the growth, governance, and social and environmental impact of participating companies, the accelerator provides mentorship from HEC experts, collective training sessions, and networking opportunities with financial partners. Participating organizations operate across diverse sectors including recycling, health, and digital services. Notable entrants include Azur Multiservices and United Crocos. This initiative underscores the Région Sud's commitment to leveraging the social and solidarity economy as a strategic growth driver supporting sustainable employment and ecological transition.

Meanwhile, EMAC, a historic industrial rubber company based in Mauléon and operating for over 70 years with €25 million in revenue and 90 employees, has secured its future through a sale to five internal managers. The transition, motivated by a wish to preserve local jobs and backed by the Aquiti fund, involved Cyril Sublime and Steve Etcheverry among the new leaders. EMAC has significantly diversified its markets, exporting 35% of its output and expanding from automotive and tire sectors into cosmetics, toys, and pharmaceuticals. The new management emphasizes integrating new technologies and innovating waste treatment solutions, aiming for continued company resilience and growth. This internal succession reflects a strategic effort to safeguard regional employment and uphold company philosophy.

Together, these developments highlight proactive efforts in France's social economy and industrial sectors to foster sustainable growth and local employment through strategic support programs and management continuity.