Financial Times<\/em><\/a>:<\/p>\n\n\n\n\u201cOur desire is to make France the leading ecosystem in Europe,\u201d with a focus on cultivating more \u201cunicorns,\u201d a term for startups worth over \u20ac1bn.<\/p>\n\n\n\n
\u201cToday there are seven and we are targeting 25 unicorns by 2025 and companies that are worth \u20ac5, \u20ac10, \u20ac15 billion.\u201d<\/p>\n\n\n\n
French startups have already been raising more money in recent years, bringing in \u20ac3.6 billion last year, compared to \u20ac1.8 billion In 2015. This year, they\u2019re on track to raise \u20ac5 billion. This puts France ahead of Germany, though still behind the UK. <\/p>\n\n\n\n
But much of the funding from French venture capital firms has been focused on providing seed money to get startups off the ground, in Series A or Series B funding, leaving companies to look to international investors for late-stage funding when it\u2019s time to develop further. <\/p>\n\n\n\n
At a speech Tuesday at the Elys\u00e9e Palace, Macron said \u20ac2 billion will be invested in venture capital firms that focus on late-stage investments, while \u20ac3 billion will go toward global tech funds, managed by asset managers based in France, that invest in publicly listed companies. <\/p>\n\n\n\n
Macron said in his speech:<\/p>\n\n\n\n
\u201cWhen I talk about startup funding, I talk about the ability to help those startups succeed. I\u2019m talking about the jobs of tomorrow. And I\u2019m saying that for many French citizens who think that those are only financial numbers.\u201d<\/p>\n\n\n\n
Photo by Kremlin.ru [CC BY 4.0 (https:\/\/creativecommons.org\/licenses\/by\/4.0)]<\/p>\n","protected":false},"excerpt":{"rendered":"
President Emmanuel Macron announced last week that investors have pledged \u20ac5 billion to develop France\u2019s fledgling, homegrown tech startups into larger companies. The government has already provided tax cuts and subsidies to assist startups, as well as a fast-track visa to attract foreign workers. But while Silicon Valley startups often see investment from venture capital<\/p>\n","protected":false},"author":77,"featured_media":47287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[113],"tags":[362,88,305,502,2718],"class_list":["post-47286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-finance","tag-emmanuel-macron","tag-france","tag-startup","tag-startups","tag-venture-capital"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/47286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=47286"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/47286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/47287"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=47286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=47286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=47286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}