France and innovation
In terms of investment in Research and Development (R&D), France is ranked 6th in the world. It’s no wonder: innovation plays a huge role in France’s economy.
If you just look at the job market, you’ll realize immediately just how much emphasis France puts on innovation. On top of having more than 266 000 researchers in 2016, there’s also the fact that over 50% of economically active 25- to 64-year-olds in France were employed in science and technology and/or were tertiary education graduates that year.
As such, a new Tech company in France would have an easy time finding competent workers and researchers to develop new products, especially compared to most other countries.
Furthermore, there’s also the fact that the French administration actively encourages company creators to innovate, for example with the R&D Tax Credit.
As such, overall, it looks like France is one of the best countries in the world to set up an innovative company in; and with newly dedicated start-up hubs like Station F, this is only going to get truer in the future.
