What is French innovation?

french tech

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

France is Innovative

  • France is ranked 2nd in Europe and 6th in the world for the number of international patents (WIPO, July 2013)
  • Thomson Reuters’ Top 100 Global Innovators 2014: France ranks 3rd with 7 of the most innovative companies or research centers (Alcatel-Lucent, Arkema, CNRS, CEA, IFP EN, Safran and Saint-Gobain).
  • In Deloitte Technology Fast 500 EMEA, France remains the leader with 86 companies in 2014 including Weezevent (overall winner), Visiomed, Energie perspective…
  • With 9.2 researchers per thousand labor force in 2011, France ranks among the leading countries in the world. (OECD , 2014)
  • France is the 3rd leading recipient in Europe of foreign R&D investments. (EY, 2014)
  • France is first in Europe for the number of business startups (Eurostat)
  • Paris is home to 4,000+ tech startups and has the largest incubator in the world, Halle Freyssinet, with more than 1000 startups.


La French Tech

  • This major initiative stimulates French and foreign startup growth. €200 million have been invested in private-sector initiatives (accelerator programs).
  • La French Tech had a very strong presence in SXSW 2015 in Austin, and France was the most represented international country in the CES 2015 in Las Vegas.
  • 2 French Tech Hubs are based in the US in Boston and San Francisco.
  • Foreign startups are eligible for €30,000 of funding with the “French Tech Ticket”.


A Startup friendly environment

  • France has the The largest R&D tax credit in Europe, which covers 30% of all R&D costs up to €100 million, and is 5% above this threshold. This tax benefit for innovative companies totals $69 billion.
  • France is first in the EU for Venture Capital Investment for Startups with €384 million (Eurostat) and has the second largest VC ecosystem in Europe (US$1.2 billion in 2013).
  • Young Entrepreneurs Initiative (YEI) is the French-American accelerator for innovative American startups looking to explore opportunities in France.
  • A $65 billion National Investment Program aims to underline the competitiveness of the French economy by increasing growth potential. $300 million invested 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 gather universities; private companies and research centers… 17 cooperation projects with American partners are already in place.

 

 BusinessFrancelogo
Know more at: BusinessFrance.fr

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