bpifrance is a new concept of a bank for entrepreneurs in France that aims to support innovative companies, foster entrepreneurship, and provide export credit tools. It has three main missions and provides a variety of financing options for startups and small-to-medium businesses, including loans, guarantees, venture capital investments, and more. With over €40 billion in assets under management, bpifrance has helped over 60,000 companies. France is becoming a rising startup ecosystem, with the third largest number of deals in Europe, a growing venture capital industry, and the largest tech campus in the world under development, Station F.
Paul-Francois Fournier - Bpifrance - State of French Startup & VC Ecosystem - Stanford Engineering - Jan 8 2018
1. A New French Revolution
European Entrepreneurship & Innovation
Stanford Engineering - Monday 8, January 2018
Paul-François Fournier
Chief Innovation Officer
bpifrance.fr
3. Bank Loan
Guarantees
and Credit
Insurance
Loans
Innovation
Financing
VC
Small Cap
Eq. Invt
Mid-Large Cap
Eq. Invt
Fund of Funds
€8B
p/y guarantees
€16B
p/y export credit
insurance
Excluding funds dedicated
to unsecured loans
€15B
per year
€1,3B
per year
(soft loans /
subsidies)
€1,5B
AUM
€1,4B
AUM
€14B
AUM
€4B
in 330 Funds
€1B
committed in 2017
60,000
companies
per year
20,000
companies
per year
4,000
startups
2,000
SMBs
per year
7 Funds
50 invts
per year
4 Funds
100 invts
per year
Orange, Gemalto,
STmicro, Ingenico,
Soitec, Criteo,
Talend…
including
Atomico,
Balderton, Versant
Ventures, New
Leaf, Advent
The « French Silicon Valley Bank »
8. A massive cultural shift
50%of 18-24 year old French people want to create
their own company
Poll IdInvest / ViaVoice, April 2015
9. Early leaders
Role Models
New Kids on the Block
Frédéric
Mazella
Antoine
Martin
Nicolas
Dessaigne
Jonathan
BenhamouJérôme
LecatOlivier
Pomel
Daniel
Marhely
Bertrand
Diard
Pierre
Chappaz
Xavier Niel
Jean-Baptiste RudelleJean-David Blanc
Pierre K-Morizet
Marc SimonciniLoic Le Meur
Jacques-Antoine Granjon
10. A talented community in the US
Yann Lecun
Head of AI
Alex Dayon
Pres. Product
Gilbert Passin
VP Manufacturing
J-P Courtois
Exec. VP
Marc Onetto
ex SVP Operations
Fidji Simo
VP Product
Frederic Lalluyaux
Former CEO
JB Rudelle
Founder
Alex Lebrun
Founder
David Gurle
Founder
Eric Setton
Founder
Jérôme Lecat
Founder
Mathilde Collin
Founder
Nicolas Dessaigne
Founder
11. Number of deals by regions
(S1 2017)
341
36
52
33
23
5
17
23
9
3
16
15
1
Source
12. Some French Unicorns
• Car sharing
• $335M raised
• 600 employees
• 50M members in 22 countries
• Cloud hosting solutions
• $650M raised
• 2,000 employees
• 260,000 servers in 19 countries
13. Time to think BIG
Station F
The Largest Tech Campus in The World
1,000
startups