France: ‘French Tech 120’ announced: Supporting 123 startups
Paris
January 29, 2020
France: Cedric Aux: Minister of Economy and Finance
On January 20, we announced 123 startup companies, “FRENCH TECH 120”.
The government is taking new steps for French Tech (see Regional and Analysis Report, August 15, 2019).
For selected companies:
Overseas expansion and financing,
Market access,
Support recruitment,
Facilitate the support of related government agencies and accelerate the growth of startups.
“FRENCH TECH 120”: Breakdown of companies
NEXT40, the 40 most promising startups, announced on September 18, 2019
83 new companies selected by the government this time.
Selection criteria:
Innovation companies with less than 15 years of existence,
Headquartered in France,
Assuming they have not been acquired,
Financing: Amount-based
20 million euros in equity financing in the last two years,
Sales growth rate of more than 50% in the past three years,
More than 25% of companies with more than 10 million euros.
By 2020, the French Tech 120 is expected to create 25,000 jobs across startups.
-JETRO
https://www.jetro.go.jp/biznews/2020/01/15ef0749df6e645d.html