In the summer of 2017, France opened the world to the largest startup eco-system – Station F. The aggressive positioning reflects France’s dissatisfaction with the tag as the third best Technology hub in Europe (behind UK and Germany). Jean-Michel Wilmotte, transformed the 1920s railway depot – la Halle Freyssinet, into a 34,000 sq.mtr massive start-up space with its own three layers – services, startup zone, and office spaces. Initiatives to copy Silicon Valley has been plenty, but this has been the first time, global tech players (Facebook, Microsoft, Amazon), Social Enterprise (Ashoka), universities (HEC Paris, and EDHEC Business School) and funds (Daphni and Kima Ventures), have all converged into one vision.
Although, the investment levels ($M) by country puts France still at third ($2.72B) behind UK ($7.1B), and Germany (3.3B), the number of deals closed by French Entrepreneurs is surprising even the dominant rival - UK. For instance, in 2017, France beat the UK to lead in the total deals closed (763).
The newly formed Technology eco-system cannot be just attributed to the competitive advantage in fundraising. The geopolitical development in Europe (Brexit), the cost of talent in Silicon Valley and Trump's immigration policy has given France a unique advantage. The government is cashing on the trend by encouraging Technology and Green Entrepreneurs from Asia and Eastern/Southern Europe to consider Paris as a viable alternative.
What is the latest Trend for the Technology Industry in Top MBA programs (France)
Opportunities for most MBA candidates in Technology is confined to roles as a...
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Complete Analysis and the best Post-MBA Industries included in F1GMAT's MBA in France (2018). Download it here.