French startup & tech entrepreneur & influencer Roxanne Varza recently covered France’s announcement that it will be creating a more attractive business climate for foreign entrepreneurs in France.
March 2, 2016 by Roxanne Varza
FRANCE OPENS ITS DOOR TO FOREIGN ENTREPRENEURS
Today, was a big day for foreign entrepreneurs in France – who were received by the President at Elysée Palace. They are still few but the population is starting to grow. Especially now that La French Tech (France’s national program to promote and support its local tech entrepreneurs) has successfully launched a program specifically designed for foreign entrepreneurs called the French Tech Ticket.
#FTTicket by numbers
50 teams from over 1,000 applicants were selected for the first edition of the program. They represent 23 different countries. And let me tell you, their projects are incredible. Startups from Israel, the US, India, Russia, Chile and more have come to France to develop projects that concern everything from diamond-based water purification to construction robots. When I met the startups in February, I was literally blown away. Seeing these entrepreneurs confirmed a long-held belief of mine; France is actually insanely attractive to foreign entrepreneurs.
Not so easy?
France may not have a reputation for being the easiest country to do business in – but that reputation is dramatically changing. The government is striving to make radical changes and is really listening to the needs of the local ecosystem. Today’s event was proof to me that the administration is willing to make a difference. Obviously it’s even harder when once is a foreigner in France – which is why the French Tech Ticket’s approach is really spot-on. The 1-year program places entrepreneurs in various French incubators, provides financial support of up to 25,000 Euros, mentoring, tax breaks for the selected teams and more. It’s a really great first step in the right direction.
Foreigners, welcome to France.
Every year I am contacted by people around the world who want to come to France but they don’t know how to do it. Well, it’s about to get a LOT easier. People who want to launch startups, work in companies and whathaveyou – there are visas and programs that will come out within the next year for you. Just wait and see.
More to be done.
There is still a lot more that we can improve but I am truly excited to see that the government is finally paying attention to such an important topic – and acting on it. People seem to always think that French startups are, well, French. Not anymore. France is really going global.