French tech seed for start-ups
Just a little while ago, the French Prime Minister Edouard Philippe announced the “French tech seed”, a new investment fund designed exclusively for French start-ups.
This new fund has quite the concept: it’ll have 400 million euros worth of public investment on top of private equity. As such, business providers will be tasked with helping entrepreneurs under this program to find private investors. Then, the fund they’ll have gotten from the private sector will be complemented by public help in the form of convertible obligations.
The point of this fund is to ensure that France can become one of the world’s leading nations in terms of innovation, and is part of a larger whole. Indeed, between the new French Tech visas and the emphasis the government put on the Station F project, it’s safe to say that innovation is one of the main preoccupations of the current government.
The first investments should begin in the first trimester of 2019, so now is the perfect time to be an entrepreneur in France!
