France is ramping up its tech and industry ecosystems in 2020
While the Choose France summit was underway, the French Government announced a series of measures for 2020 designed to boost France’s attractiveness. Priority is given to consolidate the start-up Nation and foster the renewal of the French industry.
The tech environment is becoming more geared towards foreign companies
Multiple announcements target foreign talents working in France and aim at both incentivizing their work and facilitating their stay.
- Firstly, French Tech Visas are now open for foreign start-ups implemented in France, for them to attract the brightest talents. These Visas are specifically designed for foreign founders, investors or employees working in the French start-up ecosystem and is renewable every 4 years;
- To incentivize employees of foreign start-ups working in France, they will be included in the BSPCE program in 2020. It means that they will have access to better capital incentives in their company’s growth, especially when it comes to stock-options;
- Finally, the medium-sized companies can now extend their free stocks program (AGA), which is exempt from employers’ tax. This system was previously only available for larger groups.
Read more: The reasons why they chose France
The French Tech ecosystem is upgrading its organization
Indeed, a new index for French Tech start-ups with massive growth potential has been set up, called the French Tech 120. More than a hundred start-ups will receive personalized support from the administration to help them achieve their development goals and potentially evolve into the next French unicorns. This support will encompass many areas of start-up development, such as finding funding, attracting talents and developing internationally. Designed to integrate structures from every French region, it will also showcase the dynamism of the ecosystem throughout the country.
Moreover, French Tech Central will be deployed in 2020 throughout the 13 regional hubs for innovation. It is a program designed to bring a large range of public services closer to the local start-up environment, to help them thrive. The initiative will be reaching out to the more than 10 000 start-ups existing in France, with the underlying motto of proximity.
Exciting news for industrial companies looking to settle in France
The latest barometer from EY confirmed the leading position of France as a host country for foreign investment in industrial and R&D projects. In order to carry on this promising trend, a new measure has been taken to accelerate the implementation of industrial projects in France.
To offer a solution to foreign companies looking to acquire industrial sites in France the Government has unveiled a list of 12 locations ready for business (list in French) during the Choose France summit. It is meant to foster local territories’ attractiveness, as well as promoting industrial development in France. These turnkey solutions include an administrative process reduced to a minimum, to answer the need for fast-moving companies looking to develop their activities in France.
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