#startups #FrenchTech #Next40…We speak out!
Syntec Numérique applauds the commitment of the French government, which has joined forces with institutional players to develop late-stage funds accessible to promising companies, startups that have gone on to become major players in the sector. The 5 billion euros invested (2 billion accessible to unlisted funds and 3 billion accessible to listed funds) are an essential first step in the development of French unicorns. The trade association hopes that they will demonstrate the importance of complementary investments. As underlined by the Tibi report, it is imperative for France to further develop startup financing if the world’s next digital leaders are to emerge.
Syntec Numérique also applauds the commitment and confidence of the institutional investors who will be contributing their funds to startups: the strategic role of digital sector companies for the economy as a whole is thus recognized by the financial world.
The trade organization also welcomes the government’s intention to simplify administrative procedures and obligations for startups, and points out that this simplification is crucial for all businesses. It is also delighted by the desire to transform the administrations in contact with businesses into genuine partners, committed to helping companies learn, grow and develop in a relationship of mutual trust.
“The President is showing that he intends to continue the momentum begun with the Pacte law to further strengthen France’s attractiveness and encourage the channelling of funds into the digital economy. This initiative is a step in the right direction, and we hope it will contribute to the emergence of future French tech giants. However, let’s not forget that the companies targeted by the 5 billion euros are not the only ones. Smaller companies, such as start-ups, also need support, and need easier access to funding if they are to become the unicorns of the future! comments Godefroy de Bentzmann, President of Syntec Numérique.
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