What is French Innovation?

french tech

Did you know that France is a leader in startups and innovative companies?

France is Innovative

  • Clarivate Analytics Top 100 Global Innovators 2017: France ranks again 3rd with 7 of the most innovative companies or research centers in the world.
  • France has the most winners in the Deloitte Technology Fast 500 for EMEA (2017) for a seventh consecutive year.
  • France is first in Europe for the number of new companies created +28,940 (Eurostat 2016) which represents 554,031 companies created in 2016.
  • France is a “Startup Nation” with no fewer than 12,000 startups and hosts the largest incubator in the world, Station F, with more than 1,000 startups.
  • France is the European leading market for Venture capital in number of transactions, ahead of the UK (Dealroom, 2017)

  • France is the 3rd leading recipient in Europe of foreign R&D investments (EY, 2018).

  • There are 25 foreign investment decisions per week in France (Business France, 2017).

  •  France is the second leading source country in the world of Fields medal winners.

     

    La French Tech

  • A major initiative to stimulate French and foreign startups growth. €200 million have been invested in private-sector initiatives (accelerator programs).
  • In 2018, France had once again the largest European delegation at the CES in Las Vegas and accounted for the second-largest number of startups, after the United States.
  • 3 French Tech Hubs in the US: New York, Boston and San Francisco.
  • Foreign startups are eligible for €25,000 of funding with the “French Tech Ticket” program.


A Startup friendly environment

  • The largest R&D tax credit in Europe, which covers 30% of all R&D costs up to €100 million, and 5% above this threshold. Innovation expenses incurred by SMEs are eligible for a 20% R&D tax credit (up to €400,000 per year).
  • France is one of the simplest countries in which to create a company: barely five administrative procedures and four days are required, compared with an OECD average of 4.8 procedures and 9.2 days. (World Bank, Doing Business, 2015).
  • France ranks 1st in Europe for early-stage venture capital investments for startups with US$408 million (Eurostat 2015) and has the second largest VC ecosystem in Europe (US$1.2 billion in 2015).
  • Young Entrepreneurs Initiative (YEI) is the French-American accelerator for innovative American startups looking to explore opportunities in France.
  • A $57 billion National Investment Program aims to underline the competitiveness of the French economy by increasing growth potential. $4.5 billion are planned to stimulate the creation and development of French digital companies in France and abroad.
    – A further €12 billion will be spent on research and the energy transition, future industries, aerospace, the digital sector, healthcare, technological excellence, and education/training.
  • 71 innovation clusters, inspired by the American model, bring together universities, private companies and research centers, as well as new technology research institutions benefiting from public/private joint investments. These clusters attract international partnerships, and 17 cooperation projects with American partners are already in place.
  • French and Foreign Digital startups raised 1.8 Billion in France in 2015 (EY), this has more than doubled on one year to the next.

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