Is Paris Good For Startups?
The French are not only serious about funding startups. In fact, around 80% of the funds raised in France will go towards startups based in Paris. Moreover, it is not unusual for French companies to spend serious money to buy a startupo.fr. Some examples of these companies include Station F and Numa. Listed below are some of the most notable coworking spaces in Paris. Let’s dive into these spaces one by one.
80% of funds raised in France will go to start-ups in Paris
The French capital market is now open to foreign investors, and French tech companies can take advantage of tax benefits, government incentives, and a supportive ecosystem. France is considered the second largest VC ecosystem in Europe, with dynamic equity crowdfunding platforms and a government investment fund that covers up to 1.6 billion euros. In addition to these benefits, French companies can take advantage of a fast-track procedure for a four-year residency permit without diploma or sponsorship fees or quotas.
French companies are willing to spend serious money to buy startups
Startups have a great deal of potential to boost France’s economy, and France is now home to an active startup ecosystem. Although France is small compared to Silicon Valley, it is a growing startup hotspot in Europe, and its leading figures are serious about nurturing this ecosystem. The country is often considered the “cradle” of startup culture in Europe and around the world. Here are four reasons why French companies are willing to spend serious money to acquire startup businesses:
Station F
If you’re looking for a hub in Paris for startups, look no further than Station F. This hub features 33 different incubator programs, and is partnered with major companies, Venture Privee, and leading business schools. Along with desk space, the Station also features a cafe, post office, and even a restaurant. In addition to startups, Station F is also home to a pop-up store and an Italian restaurant. Mamma F is part of the Big Mamma group and is the outpost for this restaurant.
Numa
If you are looking for a coworking space or accelerator in Paris, Numa is a great option. The accelerator was founded by Marie-Vorgan Le Barzic in 2002, after the terrorist attacks of September 11. Since then, Numa has expanded to more than a dozen locations worldwide. Here, entrepreneurs can grow their businesses through access to coworking spaces and accelerators, and participate in a variety of events and programs.
Deskopolitan
Are you a startup looking for an office space? If so, then Paris may be the answer. There are several startups coworking spaces in Paris. For instance, there’s Station F, which opened in the summer of 2017 in a former warehouse. It features 270 desks and 500 square meters of shared workspace. This building has seven floors and a roof terrace offering stunning views of the city. It also offers a variety of programs for startups to help them launch their businesses.
Yubo
The French startup Yubo is a social media app that has a global user base of 25 million users. Founded by Sacha Lazimi, Yubo is aimed at young adults and aims to provide an experience that’s better than the likes of Snapchat or TikTok. The app promises more conversation and less passive scrolling. The company has raised over EUR11.2 million in funding and expects to double its sales this year to $20 million.
