Europe, financial support for French start-ups

The Secretary of State for European Affairs, Clément Beaune, came to visit several French start-ups supported by the recovery plan.

A formal arrival at the largest start-up campus in the world. This Thursday, the Secretary of State for European Affairs, and the deputy for the 13th arrondissement of Paris, visited five French start-ups in. This building, inaugurated in 2017, is spread over 34,000 square meters. Inside container boxes or in open spaces, entrepreneurs are expanding their projects, in particular with the help of the European recovery plan.

Funding from the EU

On July 21, 2020, European heads of state and government agreed on, intended to overcome the Covid-19 crisis. On the Hexagon side, an envelope of was announced last fall, in order to finance the plan “ France Relaunch “. Expenses are incurred over a two-year period and according to the government, “ this is an investment plan that includes measures to promote ecological transition, competitiveness and innovation, but also to support job creation “. Of these 100 billion euros, 40% will be financed by Europe. The 27 Member States have decided to allocate around 20% of this Brussels envelope to the digital sector. Thus, in France, 7 to 8 billion euros will be allocated to this field, including 3.7 billion euros to develop artificial intelligence.

Thanks to the plan “ France Relaunch »And with the participation of the European Union, start-ups benefit from financial aid. This is the case with “”, one of the five young shoots selected for the visit of Clément Beaune. Founded in 2018, it is currently incubated in the program at Station F. Its objective? Facilitate the posting of websites for people with cognitive problems such as low vision, Parkinson’s disease or dyslexia. This start-up was able to benefit from the (Volontariat International en Entreprise), which is part of the plan “ France Relaunch “. Worth 5,000 euros per VIE contract, this assistance enabled it to develop its solution internationally, such as in Japan, Switzerland, Spain, Italy, and soon in Korea.

Funds that will arrive by May or June

To end his visit, the Secretary of State for European Affairs made a 30-minute exchange on the new audio application where invitations are essential to access it. It was a first for the French government.

Clément Beaune announced that the 40 billion euros of European funds were still not released but that they should arrive “ by May or June 2021 “. According to him, “ France is the leading European country in terms of fundraising »But we have to catch up« our lag behind the US and UK […] with faster funding and simplified rules “. Clément Beaune is counting on the multiplication and strengthening of start-ups and underlines that he “ there are more and more French unicorns “, That is to say start-ups whose valuation exceeds one billion dollars.

The Secretary of State also insisted on European regulation of. “ They created the giants, we created the regulation », He quipped, speaking of the United States. He specifies all the same that these European rules are not “ anti-innovation But on the contrary that they favor it. In January 2022, France will accede to the presidency of the European Union for a period of six months, a period which will allow “ speed up legislative texts Like the Digital Services Act (DSA) and the Digital Market Act (DMA) aimed.

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