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Emmanuel Macron announces 5 billion euros for French start-ups

2019-09-18T15:35:16.492Z

On the occasion of France Digitale Day, President Emmanuel Macron announced that major French institutional investors are pledging € 5 billion to start up young growth companies in the technology sector.


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Emmanuel Macron invited on September 17 to the Elysée the gratin of tech and finance. Reuters

On the occasion of France Digitale Day, President Emmanuel Macron announced that major French institutional investors were committed to betting € 5 billion in young, growing companies in the technology sector.

Two billion euros will go into the so-called "late stage" funds. These funds invest tens of millions of euros in start-ups that have already begun to prove themselves and which are growing rapidly. This is often what French young shoots lack to really take off. They often turn to American funds.

But one of the goals set by French President Emmanuel Macron is to pass the bar of 25 "unicorns" - startups valued at more than $ 1 billion - national by 2025 . For the moment, the Hexagon does not count more than seven.

The remaining three billion euros of investment will be directed to publicly traded technologies. One way may be to address the concerns of experts who regret the absence in France or Europe of a dynamic stock market for technology stocks like the Nasdaq American.

Several French companies have also preferred the New York Stock Exchange to dive into the big bath. However, Emmanuel Macron makes the success of the French "tech" an issue of " sovereignty ". But it still lacks an envelope at least equivalent to meet the needs of the sector estimated in June to ten billion euros by 2022.

This Wednesday, September 18, the government will unveil the names of 40 start-ups chosen to appear in the Next 40. They will benefit from increased visibility and further support.

Source: rfi

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