Why launching your startup in France

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France has launched those past years many tools and programs to support entrepreneurship and innovation. Let\'s discover and understand, why, how and where launching a venture in France, as a step for …

France has launched those past years many tools and programs to support entrepreneurship and innovation. Let\'s discover and understand, why, how and where launching a venture in France, as a step for Europe.

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  • 1. How does France support innovative entrepreneurs? p Géraldine Quetin – Young Entrepreneurs initiative +1 617 401 24 50 / yei.mst@consulfrance-boston.org
  • 2. France in facts : get rid of clichés Number of international ventures per Number of days required to set up destination in Europe (in 2005) a new company (in 2005) Data source: AFII - Doing Business Report 2006 (SFI, World Bank Group) Data source: AFII - Ernst and Young, 2006 % population (aged 20 to 29) with a university degree in science & technology (2004 or last publication) - quality of transportation network -support of ventures and innovation and... -leading tourist destination in the world Data source: AFII - Eurostat, 2005 April 2009 - Geraldine Quetin – YEi
  • 3. An increasingly favorable environment y The French startup support system y 100 spin-offs/year y Strong public and private research with p blic pri ate ith spin-off facilities : example Inria y Montpellier Business and Innovation Center : Outstanding Incubator of the Y Year (NBIA – 2007) nbia.org/awards_showcase/2007/incubator_montpellier.php April 2009 - Geraldine Quetin – YEi
  • 4. From idea to successful company An increasingly favorable environment OSEO Competitiveness Clusters TEPA law Venture funds (private + CDC) tax i incentives i new Business- Angels “Pépinière / CEEI” Tax exemptions = incubator Start-up Competition -low cost facilities SME pact -free coaching free “Incubateur” - network = pre-incubator - loan TTO - facilities -financing - network -support - free coaching Startup cycle Feasibility & Prototyping incorporation & launching Maturity & development April 2009 - Geraldine Quetin – YEi
  • 5. Clusters April 2009 - Geraldine Quetin – YEi
  • 6. The Inria’s example y 2200 researchers y world class IT labs + 1 incubator (Inria Transfert) + early stage funding y 90+ spin-offs Ÿ 54 still active (20+ acquired) y Il Ilog 800 employees, listed Nasdaq -Euronext, acquried by IBM in 2008 Kelkoo acquired by Yahoo in 2004 for $ ½ billion Realviz acquired by AutoDesk in 2008 q y April 2009 - Geraldine Quetin – YEi
  • 7. Young Entrepreneurs initiative Platform for mentoring and networking US-based entrepreneurs willing to internationalize their activity, and to set up a technology venture in France A « young » and successful program - 2005 : 1st call - 2007 : housing in Campus MIT - 2008/09 : 5th call for proposal 2010 : transfer of the program Projects Laureates Total candidates 140 Laureates 36 • 48% LS, 39% IT success 11 • 38% MA, 28% CA, 10% NY in progress 13 • 62% feasibility, 38% development • 53% French natives April 2009 - Geraldine Quetin – YEi
  • 8. Testimonials “Our company was able to identify an engage with technology firms and R&D centers in France with expertise that can further accelerate our product development. We would not have been able to move so quickly without this active support” François Silvain/ Herve Pluche Founders StoreExperience - Laureates Yei2008 quot;The Young Entrepreneur Initiative is an amazing catalyst for businesses wanting to create or expand their operations in France. The program brought us support in three different ways. (1) It provided us with an easy channel to connect with France and the right networks. (2) It helped us organizing a trip to France to identify the implantation region and partners. Finally (3) it helped us understanding the entrepreneurship environment in France and improving our application to the Creation Development Creation-Development French competition quot; competition. Thibaut Scolash/ Sebastien Payen Founders Fruition Sciences - Laureates Yei2008 April 2009 - Geraldine Quetin – YEi
  • 9. Usefull Links • RETIS - network for innovation www.retis-innovation.fr • AFIC – French Venture Capital Association www.afic.asso.fr • CURIE - network of TT offices www.curie.asso.fr • Competitivity Clusters www.competitivite.gouv.fr • APCE - agency for business creation www.apce.com • AFII - Invest in France Agency www.invest-in-france.org www.invest in france.org • Inria Transfert www.inria-transfert.fr/ April 2009 - Geraldine Quetin – YEi
  • 10. Contact Géraldine Quetin Project manager YEI (Boston) Ph: 617 401 24 50 yei.mst@consulfrance boston.org yei mst@consulfrance-boston org www.france-science.org/innovation/yei