La French Tech’ refers to all the people working for or with French startups, in France or abroad.
The French Tech ecosystem is made up of entrepreneurs, investors, engineers, designers, developers, associations, bloggers, media, incubators, etc. All the players who are involved in startups’ growth and international promotion.
A booming startup ecosystem
France stands today on a cusp with strong momentum driven by a record number of business startups.
For the fifth year in a row, France dominated the rankings of Deloitte’s 2015 Technology Fast 500 EMEA, which identifies the fastest-growing technology companies in Europe, the Middle East and Africa. France had the most entries in the top 500 and 86 winning submissions. France also came in third in the 2015 Thomson Reuters Top 100 Global Innovators list, with 10 organizations.
Many young french technology companies are now going global.
Seven French companies are listed on the NASDAQ, including biopharmaceutical firm DBV Technologies, valued at more than $1 billion, and digital performance marketing company Criteo, valued at more than $2.5 billion.
BlaBlaCar, a ridesharing marketplace, is valued at $1.6 billion and is now operating in 14 countries.
Sigfox, a Toulouse-based wireless network for the Internet of Things raised more than $100 million in 2015 and is currently rolling out in 10 US cities.
Showroomprivé, the online private sales platform is listed on the Paris Stock Exchange and operates in 8 countries.
Vente-privée, its fierce competitor, made high-valued acquisition in the past few months: Vente-Exclusive (Belgium), Privalia (Spain) and now owns majority stakes in eboutic.ch (Switzerland).
French startups are also attractive for high-profile acquisition.
- TripAdvisor acquired LaFourchette.com —the French equivalent of restaurant reservation service Open Table—for a reported €100 million.
- Neolane, a software platform for managing digital marketing campaigns, was acquired by Adobe for US$600 million (around €460 million).
- Fimalac/Webedia has invested €240 million in digital media sites such as allocine.fr and jeuxvideo.com over the past few years.
- Captain Train – the French online train ticket booking platform – was acquired by Trainline for €200 million in March 2016.
- Withings – the French leader in health-related connected devices – was acquired by Nokia for €170 million in April 2016.
France at the forefront of international innovation ecosystems
The French government’s investment in creating one of the leading innovative nations in the world is paying off.
Over the past few years, American tech giants: Google, Intel, Cisco, Facebook, among others, have chosen France to develop their cutting edge technologies:
- Intel, wich already has 7 R&D hot spots in France recently launched its European R&D center on Big Data
- Facebook chose France to set up its first R&D center dedicated to artificial intelligence
- Cisco also recently opened its innovation & research center in Paris with the goal of driving IoE innovation and a focus on smart city development
- Google created its culturebox in Paris called “Le Lab” a space that is intended as a meeting place for actors from around the world and with culture of the American giant’s engineers
France may be the best known for its mastery of « Old World » pleasures like wine and luxury goods. But it has quickly -and quietly- become a formidable player in the new digital economy, thanks to an explosion of smart and relevant
An international network of french tech hubs to help startups expand worldwide
French Tech Hubs are a global network of French or simply Francophile entrepreneurs and talents with overseas startups who have set up local French Tech communities. These French Tech ambassadors open up their networks and share their experience with French startups seeking to develop their business in their country. Eleven communities have been awarded the French Tech label to date. A total of 20 communities is expected to be set up over the coming months.
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