Oh, oui! France woos tech mavericks with funding, easy relocation
search

Oh, oui! France woos tech mavericks with funding, easy relocation

France is seeking entrepreneurs globally to join its second Tech Ticket competition, promising winners €45,000 and a residence permit

Pigeons fly at the Tuileries gardens, with the Eiffel Tower in background, in Paris, Saturday, November 14, 2015 (AP Photo/Amr Nabil)
Pigeons fly at the Tuileries gardens, with the Eiffel Tower in background, in Paris, Saturday, November 14, 2015 (AP Photo/Amr Nabil)

After polishing up their English and mastering key Chinese words for tech pitches, Israeli entrepreneurs may need to spruce up their French.

Oh, oui! France is calling out to entrepreneurs globally to join its second Tech Ticket competition, luring them with a promise to give the 70 winning startups €45,000 in funding, a fast track to a French residence permit, a chance to be hosted by a French incubator for 12 months, masterclasses and networking events, and an easy relocation package.

Last year, one of the winning teams in the competition was the Israeli startup Tridom, which designs robots that build houses. Its two founders, Lior Aharoni and Yaron Schwarcz, are now working at the Impulse Partners incubator in Paris.

In an effort to drive its startup economy, the French government three years ago set up The French Tech, a tech startup ecosystem, to enable the creation of optimal conditions for small companies. The goal is “to enable them to grow and become global champions,” the organizers of the French Tech Ticket competition said in a statement.

Today France hosts a record number of startups. The amount of capital raised between 2014 and 2015 has doubled. France was the top-ranked European country for early-stage investments in 2015 and has the sixth-largest economy in the world, with a promise to enable access to the rest of Europe too. Over the past few years, American tech giants Google, Intel, Cisco and Facebook have set up development facilities in France, the competition organizers said.

France promises entrepreneurs a pool of skilled and affordable talent, education with a strong culture of engineers, a strong financing system with investment, incentives and infrastructure.

Join us!
A message from the Editor of Times of Israel
David Horovitz

The Times of Israel covers one of the most complicated, and contentious, parts of the world. Determined to keep readers fully informed and enable them to form and flesh out their own opinions, The Times of Israel has gradually established itself as the leading source of independent and fair-minded journalism on Israel, the region and the Jewish world.

We've achieved this by investing ever-greater resources in our journalism while keeping all of the content on our site free.

Unlike many other news sites, we have not put up a paywall. But we would like to invite readers who can afford to do so, and for whom The Times of Israel has become important, to help support our journalism by joining The Times of Israel Community. Join now and for as little as $6 a month you can both help ensure our ongoing investment in quality journalism, and enjoy special status and benefits as a Times of Israel Community member.

Become a member of The Times of Israel Community
read more:
comments