FRS Consulting

What FRS Consulting does

FRS Consulting is a French-headquartered advisory firm specializing in public financing for innovation, founded around 2009-2010 and operating as an SAS (Société par Actions Simplifiée) with €174,879 in registered capital. The firm operates from four offices (Paris headquarters, Toulouse, Madrid, and Abidjan) and is staffed by approximately 30 multidisciplinary consultants — composed of engineers, PhDs, and economists — of whom roughly 60% are female. Its client base spans small and medium enterprises, intermediate-sized enterprises (ETIs), large corporates, public research institutions, and government entities across Europe, Africa, and North America.

The company's core offering is organized around three service pillars. The first, "Fiscalité" (Tax), centers on French R&D-related tax credits — Crédit d'Impôt Recherche (CIR), Crédit d'Impôt Innovation (CII), and Crédit d'Impôt Collaboration de Recherche (CICo) — alongside status schemes for young innovative companies (JEI/JEC/JEII), the IP Box regime, the Artistic Crafts Tax Credit (CIMA), and international equivalents such as Spain's Binding Report (IMV) framework. The second, "Aides et Subventions," covers public funding strategy, grant application preparation, and post-award project management across regional, national, and European schemes (ADEME, Bpifrance, France 2030, Horizon Europe). The third pillar, "Financement de Grands Projets," extends to advisory on capital-raise for major investment projects exceeding €25 million, delivered in collaboration with international development banks and private banks.

FRS generates revenue through fee-based professional services engagements on a quote-based, custom-priced model. Distribution is direct — no resellers or channel partners — driven by senior consultants, content-led thought leadership (blog, newsletter), LinkedIn presence, and industry events. The firm reports cumulative client outcomes of €150M in tax incentives obtained, 98% client re-signing rate, and a 2025 mission target of approximately 250 engagements. Jean-Georges Fisher is identified as the publication manager of the corporate website, indicating senior management involvement.

Name

FRS Consulting

Legal name

FRS CONSULTING

Website

https://frsconsulting.fr

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

FRS Consulting is a Paris-headquartered advisory firm helping private and public clients access public financing for innovation, R&D, industrialization, and decarbonation projects via French and European tax credits, grants, and major-project financing.

Ownership category

akta.pro rank

Product category

Public Innovation Financing Consulting

NAICS

Management Consulting Services (54161), Management, Scientific, and Technical Consulting Services (5416), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Innovation, Product & R&D Consulting (BPAHACAM)

akta.pro secondary industries

Financial Management & Performance Improvement Consulting (BPAHACAF), Public Sector & Policy Consulting (BPAHACAN)

Keywords

• R&D tax credit consulting
• Innovation financing advisory
• Public funding consulting
• Grant application services
• Fiscal optimization advisory

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Innovation Financing Consulting Services: FRS generates revenue through fee-based consulting engagements, providing expertise in navigating public funding mechanisms including R&D tax credits (CIR, CII), innovation incentives, subsidies, and major project financing. Services are customized to each client's needs, covering the full spectrum from initial audit and strategy through to application preparation and project management.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

FRS Consulting is a specialist advisory firm that helps companies and public-sector organizations identify, qualify for, and secure public financing for innovation, R&D, industrial investment, and decarbonation projects. Core deliverables include R&D tax credit optimization (CIR, CII, CICo), status schemes for innovative companies (JEI/JEC/JEII, IP Box, CIMA), grant and subsidy advisory, public funding strategy, application preparation, funded project management, and major-project financing (over €25 million) via international development banks. The firm also provides international R&D tax incentive advisory, notably for Spain's RDTC monetisation scheme.

Product overview

FRS Consulting is a specialist consulting firm offering advisory services in public innovation financing, structured around a portfolio of distinct service offerings. Its core portfolio comprises fiscal tax credit consulting services — including the Crédit d'Impôt Recherche (CIR), Crédit d'Impôt Innovation (CII), and Crédit d'Impôt Collaboration de Recherche (CICo) — alongside status schemes for innovative companies (JEI, JEC, JEII), the IP Box, and the Artistic Crafts Tax Credit (CIMA). The firm complements these with grants and subsidies advisory, public funding strategy, grant application preparation, project management of funded projects, and financing advisory for major projects over €25 million. A separate international tax incentive service covers R&D schemes abroad, notably Spain's RDTC monetisation. These services are delivered across offices in Paris, Toulouse, Madrid, and Abidjan, serving clients in Europe, Africa, and North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Crédit d'Impôt Recherche (CIR) Advisory Research tax credit consulting service that helps companies identify, qualify, and secure public funding for R&D projects, covering eligibility assessment, dossier preparation, and fiscal audit support. Targeted at companies performing eligible R&D activities in France.
• Crédit d'Impôt Innovation (CII) Advisory Innovation tax credit consulting service for SMEs to support the design of prototypes or pilot installations of new products with superior technical performance or improved functionality.
• Crédit d'Impôt Collaboration de Recherche (CICo) Advisory Collaborative research tax credit consulting for companies working in partnership with accredited research and knowledge dissemination organisations (ORDC), supporting joint R&D projects.
• Agrément CIR/CII Accreditation Advisory Assistance service to obtain Research Tax Credit (RTC) and Innovation Tax Credit (ITC) accreditation from the French Ministry of Higher Education and Research for organisations acting as R&D service providers.
• JEI / JEC / JEII Status Advisory Advisory service to obtain and maintain Young Innovative Company (JEI), Young Growth Company (JEC), or Young Innovative Company with Impact (JEII) status, providing social and tax advantages linked to R&D intensity.
• IP Box Advisory Patent Box advisory service enabling companies to benefit from a reduced corporate tax rate of 10% on profits derived from qualifying intellectual property such as patents and software.
• Crédit d'Impôt Métiers d'Art (CIMA) Advisory Artistic crafts tax credit consulting supporting artisanal businesses in recovering 10-15% of eligible expenses for designing new products or undertaking heritage restoration work.
• International Tax Incentive Advisory (Dispositifs Fiscaux à l'Étranger) International R&D tax incentive advisory service covering schemes outside France, including Spain's Research and Development Tax Credit (RDTC) monetisation up to 80% in cash.
• Aides et Subventions (Grants and Subsidies Advisory) Grant and subsidy advisory service helping companies secure public funding at regional, national, and European levels for innovation, industrial investment, and decarbonisation projects.
• Stratégie de Financement Public (Public Funding Strategy) Public funding strategy consulting including company and project audits, mapping of available support schemes, and building of a funding roadmap aligned with project development stages.
• Montage des Dossiers de Candidature (Grant Application Preparation) Grant application preparation service covering technical, financial, and economic framing, partner identification, consortium management, and application submission support.
• Gestion des Projets Financés (Funded Project Management) Project management support for funded projects, including preparation of technical and financial reports, monitoring of deliverables and milestones, consortium management, and funder relations.
• Financement de Grands Projets (Major Project Financing Advisory) Advisory service for financing major investment projects over €25 million, collaborating with international development banks and private banks for comprehensive expert support from project analysis to fund acquisition.
• Fiscalité (Tax Strategy Advisory) Tax expertise service helping companies navigate local and international tax schemes to make taxation a strategic asset in their innovation journey.

Quantifiable outcome

• 98% client re-signing rate demonstrating high satisfaction
• +4 more outcomes

Named customers20 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Spanish General Secretary of InnovationcoreStrategic or Co-development Partner · 1 January 2022FRS works with the Spanish General Secretary of Innovation's framework for IMV (Binding Report) applications for R&D tax deduction claims in Spain. The quality of FRS's work is evidenced by ranking 1st among consulting firms with 100% of IMV applications being granted.
• International Development BankscoreStrategic or Co-development PartnerFRS collaborates with international development banks for financing major investment projects exceeding €25 million, providing expert support from project analysis through to obtaining funds.
• Private BankscoreStrategic or Co-development PartnerFRS works alongside private banking institutions to provide comprehensive support for major project financing, combining development bank and private capital sources.
• ADEMEcoreStrategic or Co-development PartnerFRS supports clients in accessing ADEME funding programs including Decarb Ind/Ind+ calls for projects targeting industrial decarbonation initiatives.
• BpifrancecoreStrategic or Co-development PartnerFRS helps clients navigate Bpifrance offerings including the Prêt Vert for SME and ETI financing of energy transition and ecological projects.
• Horizon EuropecoreStrategic or Co-development PartnerFRS assists clients in accessing European funding through Horizon Europe research and innovation programs, with expertise in proposal preparation and consortium management.
• France 2030coreStrategic or Co-development PartnerFRS has in-depth knowledge of national funding through the France 2030 program, supporting clients in identifying and accessing appropriate funding streams.
• AdverisminorOthersAdveris is identified as the website creator for FRS Consulting, responsible for website design and development.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Wavestone: Large French strategy and management consulting firm with a public funding and innovation financing practice. Overlaps with FRS on funding strategy and major-project advisory but operates as a broader transformation consultancy.
• BDO France: Major global advisory network with a French R&D tax credit and innovation incentives practice. Competes with FRS on CIR/CII claims and tax-optimization mandates for both SMEs and larger enterprises.
• Kea & Partners: French consulting firm specialized in innovation strategy with adjacent capabilities in public funding and R&D tax optimization. Comparable for the innovation-strategy and funding advisory overlap with FRS.
• KPMG France: Big 4 firm with a significant R&D and innovation incentives practice in France, serving large enterprise and ETI clients. Competes with FRS particularly on large multinational R&D tax credit claims and cross-border filings.
• Julhiet Sterwen: French transformation and innovation consulting firm with capabilities in public funding strategy and R&D project advisory. Comparable to FRS in the innovation funding segment but serves a wider transformation mandate.
• Sia Partners: International management and technology consulting firm with a French public-sector and innovation practice. Overlaps with FRS on innovation funding strategy and major project advisory, though from a broader consulting positioning.

Emerging players

• Amarris Group: French consulting group with a focus on public funding, grants, and innovation tax credits for SMEs and growth-stage companies. Comparable to FRS at the SME end of the market with a more regional orientation.

Direct peers

• ABGI France: French R&D tax credit and innovation financing specialist, now part of a broader advisory network. Competes head-to-head with FRS on CIR/CII claims and public funding advisory for mid-market and enterprise clients.
• Leyton France: International consulting firm with a strong French operation dedicated to CIR/CII optimization and innovation funding advisory. Directly comparable offering, similar client profile, and broader international footprint.
• Alorys Group: French specialist consulting firm focused on CIR, CII, and innovation tax credit advisory for SMEs and mid-market companies. Directly comparable to FRS Consulting in service portfolio, target client segment, and French/European public funding focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/frs-consulting
• Xx.com/frs_consulting

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FRS Consulting