What is French Tech?
A breakdown of la French Tech scene in Shanghai
French Tech Hubs
In recent years, the French startup ecosystem has enjoyed incredible momentum, driven by a new generation of entrepreneurs, investors, engineers, designers and many other talented individuals. France has been called a new “Startup Republic”, dotted with thriving hubs and talent that are vehicles for a robust entrepreneurial mindset.
The Four Assets of la French Tech environment
Talent: Skilled and Affordable
100,000 engineers are trained every year in France.
70,000 PHD students every year.
The French Touch in Mathematics : 13 Fields medals out of 55.
Thanks to french tax incentives an engineers costs 50% less than in Silicon Valley.
80% of French entrepreneurs exhibiting at CES International 2015 graduated from France's top management and engineering schools.
Venture Capital : A Fast Growing Market
VC funding in Europe (2014) : €7,5bn being +32,5% in one year...!
3 countries have 65% of the market : France, Germany & UK.
France ranks 2nd in Europe in terms of private equity récipients.
VC funding in France : $1.1bn in 2013, $1bn in 2014 and $2bn in 2015.
Source : Barometre EY du capital risque en France, H1-2015
Ecosystem : A Booming Startup Ecosystem
Hyper growth & born global startup 2014 vs 2013 :
+37% revenue increase.
+43% leap in revenue generated abroad in 2014.
+25% increase in firms with foreign VC investment.
+30% rise in staff numbers in one year.
Focus on Paris :
#1 Business Center in Continental Europe (largest GDP in Europe).
World's 3rd most attractive city for foreign investment (KPMG).
#1 in Europe for the growth of its innovation market (CB insight 2014).
Government : Firmly Behind Entrepreneurship
La French Tech was launched by the French Government.
$6bn R&D tax credit program covering 30% of all R&D expenses.
$225m of investment in private startup accelerators.
#3 open data index.
BPI France : $1,25bn for innovation.
2013 : Law for Crowdfunding
2016 : Digital Republic Law : consisting of provisions focusing on Net neutrality, Data portability, Video Game competitions, and New copyrights exception.