France launches 4 billion euro support plan for start-ups: minister

France to implement a 4 billion-euro liquidity support plan for startups: minister

FILE PHOTO: French Junior Minister for Digital Affairs Cedric O, attends the GovTech Summit 2019 in Paris, France, November 14, 2019. REUTES/Gonzalo Fuentes

Investments in early stage digital companies have boomed in France in recent years, helped by tax cuts and business-friendly measures put in place by President Emmanuel Macron, who has vowed to turn the country into a “start-up nation”. The money injected by venture capital funds into French start-ups jumped 30% over the first three quarters of 2019 from a year earlier to 3.9 billion euros, according Dealroom, a data provider.

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