For some years now, the French Tech ecosystem has shown an incredible dynamism, driven by a new generation of entrepreneurs, investors, engineers, designers, and other talented people. France is a new start-up Republic, home of vibrant tech hubs and talents impregnated with a strong entrepreneurial culture.
The name of this movement is “LA FRENCH TECH”, a shared brand by French startup and by the French government which supports them. It’s the collective name for all those working in the French startup market: the French Startup Community, everyone who works in or for a startup in France or for a French startup abroad. Entrepreneurs of course, but also investors, engineers, designers, developers, incubators, media, public organizations, research institutions, etc. who are committed to the growth of startups and to their international prosperity.
It is also an example of innovative public policy through the French Tech Initiative at the service of the community and of startups’ growth. The French Tech Initiative’s philosophy? To base itself on the initiatives of members of the French Tech community themselves, showcase what they are doing, and create a snowball effect. The French Tech Initiative is not about the government imposing regulations and limits; it’s about the government supporting the startup community. It is a shared ambition, driven by the government, but built and carried out with all players.
A network of French Tech entrepreneurs and investors living abroad has been put in place in several major international cities. Therefore, the French Tech Initiative has already a strong international presence via its 22 French Tech hubs: New York, Israel, Tokyo, San Francisco, Montreal, Cape Town, Hong Kong, Moscow, Barcelona, London, Abidjan, and Seoul; and since October the 13th, 2016: Beijing, Berlin, Dubaï, Los Angeles, Milano, Sao Paulo, Shanghai, Shenzhen, Taiwan and Vietnam. A French Tech Hub is an entrepreneurial ecosystem designed to accelerate the development of French startups looking to expand and reinforce the attractiveness of the French Tech internationally. French Tech Hubs are accredited by the French government based on an application and supported by an already existent ecosystem to be reinforced and structured.
Internationalization is a major vehicle for growth for French Tech startups:
- Via the international expansion of companies that must quickly implant themselves in international markets in order to compete globally;
- Via the internationalization of the French ecosystem by enticing entrepreneurs, top talents, and investors from around the world to come to France.
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