A BOOMING STARTUP ECOSYSTEM

Contents Come and meet French Tech!A startup ecosystem on the moveSectors where French Tech is leading the packSuccess – it’s about peopleWhat they say about us

Asset #1: TalentAsset #2: Venture capitalAsset #3: A fertile ecosystem Paris, a world-class venue for startupsAsset #4: Government support for entrepreneurship

What is La French Tech?French Tech Hubs around the worldFrench Tech Ticket: launch your startup in ParisFrench Tech Visa

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Welcome to France !From high-speed trains to luxury goods to vaccines, France has a long-standing reputation for creativity and innovation. The French are early and strong adopters of new technologies, and today they are strongly committed to the new digital age.

Recent years have witnessed a growing trend – the majority of young French people now aspire to be entrepreneurs.

They have been inspired by a generation of successful entrepreneurs who have propelled the French Tech ecosystem forward. The entire French economy is now following suit, and regulations are being adapted to stay in step with the new reality. As an example, in terms of cost, time and red tape, it is now much easier to start a business in France than in any other G20 country.

This innovative spirit is embodied by pioneering startups with disruptive business models. Global successes like Criteo, BlaBlaCar, and DBV Technologies have paved the way for a long list of promising startups who are on the verge of becoming tomorrow’s international market leaders.

Let us introduce you to French Tech.

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#THE PEOPLE BEHIND FRENCH TECH

Jacques-Antoine GranjonFounder of vente-privee.com in 2001, the e-commerce company that pioneered online flash sales.Estimated valuation $3bn.

Marie EkelandCo-founder of the Daphni venture capital fund and co-president of France Digitale. Early investor in Criteo.

Méryl JobRaised in the US, in 2009 founded videdressing.com in Paris, now employs70+ people.

Xavier DuportetCo-founder and CEO of Eligo Bioscience and Hello Tomorrow, the international conference franchised in 40 countries.

Jonathan BenhamouNew York-based co-founderof HR solution PeopleDoc,raised $45m in Oct. 2015.

Pierre-Henri Benhamou Co-founder of DBV Tech-nologies, inventor of thePeanut Allergy Patch, nowvalued at $1.7bn on the Nasdaq.

Jeremi Berrebi Established in Israel, theworld’s most active angel investor, with 360+ startups.

Marie-Vorgan Le BarzicFounder of tech hub NUMA,hosting the internationallyrenowned startup accelerator. Now also established in 7 countries over the world.

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Xavier NielFounder of Iliad/Free in1999, now valued at $12bn.Founder of Kima Venture,Ecole 42 and Station F, soon to be the world’s biggest startup campus.

Roxanne VarzaDirector of Station F, soon to be the world’s biggest startup campus. Co-founder of Tech.eu, StartHer & Failcon Paris

Antoine PapiernikManaging Partner at Sofinnov Partners, early investor in CoreValve, sold to Medtronic for $700m.

Alice ZaguryCo-founder of Paris-based,index-funded startup accelerator The Family.

Octave KlabaUpper-France based Founder of OVH, N°3 internet hosting company in the world, valued over $1.04bn, raised $261m in 2016.

Jérome LecatFounder of Scality, basedin Paris, the US, Japan andSingapore. Total funding $86m as of Jan. 2016.

Yann LeCunDirector of Facebook AIResearch Lab, founded in2015 in Paris.

Alix De SagazanCo-founder of Liwio and its solution Ab Tasty, with 9 offices over the world and a 40 countries market.

Thibaud Lecuyer Established in Brazil, Co-founder & MD of Dafiti. that employs +2,200 people.

Ludovic Le MoanFounder of Sigfox, IoT pioneer, is building a global wireless network to connectlow-energy objects. Raised$163m in 2016.

Frédéric MazzellaFounder of BlaBlaCar,international leader andpioneer of car-sharing, hasraised $300m in the last 12months. Estimated valuation$1.6bn.

Bertin NahumBorn in Dakar, founder ofsurgical robotics startup MedTech. Ranked #4 inthe Discovery Series’ Top10 Revolutionary High-TechEntrepreneurs.

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#A STARTUP ECOSYSTEM ON THE MOVE:a growing number of market leaders

NEOLANE Exit $600M

2013

VENTE PRIVÉE Market Value $3B

2011

ILOG Exit $340M

2009

ILIAD-FREE IPO. 2015 Market Valuation $12B

2004

PRICEMINISTERExit $200M

2010

CRITEO $251M

NASDAQ IPO2013

2000’S 2010’S

DEEZER $112M

Venture Round 2012

BUSINESS OBJECTS Exit $6,78B

2008

COREVALVE Exit $700M

2010OVH

$450MFunding Round

2013

DAILYMOTION Exit $168M

2013

TALEND $40M

Venture Round 2013

SUNRISE Exit $100M

2014

SARENZA $100M

Venture Round2014

VIADEO IPO $112M

2014

ERYTECH $32M

Venture Round 2014

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CELLECTIS$212M

NASDAQ IPO 2015

DEEZER $109M

Venture Round 2016

20162015 2017

EYE TECH CARE$27M

Venture Round 2016

TEADS$45M

Venture Round 2016

OVH$261M

Venture Round 2016

SIGFOX$156M

Venture Round 2016

DEVIALET$105M

Venture Round 2016

CARMAT$50M

Venture Round 2016

WITHINGSExit $181M

2016

CAPTAIN TRAINExit $213M

2016

VESTIAIRE COLLECTIVE Exit $63M

Venture Round 2017

ACTILITY Exit $77M

Venture Round 2017

SHOWROOM PRIVÉ $67M

Venture Round 2015

NETATMO$33M

Venture Round 2015

PARROT$326M

Capital Increase2015

DBV TECHNOLOGIES

$100MNASDAQ IPO

2014

CARMAT $56M

Funding Round2015

TEADS $27M

Venture Round2015

VESTIAIRE COLLECTIVE

$36MVenture Round

2015SIGFOX $112M

Venture Round2015

PRÊT D’UNION$35M

Funding Round2015

SCALITY $45M

Venture Round 2015

BLABLACAR$200M

Venture Round 2015

TEADS Exit $309M

2017

OODRIVE Exit $70M

Venture Round 2017

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DeepTech: AI & Data

#SECTORS WHERE FRENCH TECH IS LEADING THE PACK

Criteo, inventor of ad retargeting, NASDAQ IPO in 2013, valued at $2.7bn.

Talend, pioneer of open-source big data integration, NASDAQ IPO of $86m in 2016.

Where France’s excellence in mathematics (13 Fields Medal recipients) meets business model creativity.

MARKET LEADERS:

Internet of Things36% of all startups exhibiting in the Eureka Park at CES 2017 were French (Financial Times)

MARKET LEADERS:

SigFox, Global Cellular Networks for IoT, $156m funding round in November 2016.

Parrot, pioneer of consumer drones, current valuation $400m.

Netatmo, smart home connected devices,$36m venture funding.

Devialet, inventor of Phantom, the world’s highest-quality wire-less speaker. $105m venture round in 2016.

Scality, software for exabyte-scale data storage, $85m venture round in 2015.

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Sharing and On-Demand Economy

Younited Credit (ex Pret d’Union), online platform to facilitate financial transactions between individual lenders and borrowers.$34m Series D, July 2015.

Drivy, Europe’s number one peer-to-peer car rental service, $20m in venture funding.

La Ruche qui dit oui! (aka The Food Assem-bly). Network of communities buying fresh produce directly from local producers and farmers. $9m Series B funding round in 2015 led by Union Square Venture and Felix Capital.

Blablacar, the global leader in long distance ride-sharing, $300m raised in the last 12 months, valued at $1.6bn.

Inventing unique and disruptive business models

MARKET LEADERS:

BioTech/MedTech64 life science startups listed on the Euronext Paris stock exchange: #2 in the World for biotech and #1 for medtech IPOs in the last 5 years. +€10bn in market capitalisation.

MARKET LEADERS:

DBV Technologies, inventor of the Peanut Allergy Patch, IPO in December 2014, $340m raised, valued at $1.7bn.

Cellectis, innovative medicine through genome engineering and cell therapies, IPO March 2015, $212m raised. Valued at $1bn.

Erytech, cancer therapies that work by starving tumours, $85m in funding so far.

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#SUCCESS IT’S ABOUT PEOPLE

#1

#3 #4

#2

TALE

NT VENTURE

CAPITAL

ECOSYSTEMGOVER

NMENT

SUPPORT

In France, entrepreneurs, investors and talented individuals enjoy a startup-friendly environment that helps them grow their business and take their place in global markets.

The French Tech ecosystem provides a fertile ground for them and their international business partners.

The four assets of the French Tech environment:

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“A new wave of French startups are changing

France’s economy and the way we do things”

Guillaume Princen Director of France and Southern Europe

Stripe – 2017

“France is Silicon Valley of Europe”

John ChambersExecutive Chairman

Cisco – 2017

“France is home to some of the most innovative technology

companies in the world”

Sheryl Sandberg Chief Operating Officer Facebook Inc – 2017

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What they say about us

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Top graduates now launch startups! 93% of French entrepreneurs have bachelor’s degrees or higher (university, top business and engineering schools)

Source: Atelier BNP Paribas/TNS Sofres

2016

60% of 18-29-year-olds in France would

like to create their own business

Source: Opinionway 2017

THE FRENCH TOUCH IN MATHEMATICS

13 Fields Medals (out of 55)

70,000 PHD STUDENTS EVERY YEAR

(41% of them are from outside France)

100,000 ENGINEERS ARE TRAINED EVERY YEAR IN

FRANCE

THANKS TO FRENCH TAX INCENTIVES

an engineer costs 50% less in France than in Silicon Valley

#TALENT A huge pool of skilled and affordable talent

#1

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#VENTURE CAPITALA fast-growing market

#TALENT A huge pool of skilled and affordable talent

3 COUNTRIES HAVE 76% OF THE MARKET: FRANCE, GERMANY, UK

VC FUNDING IN FRANCE

France within Europe VC funding in Europein millions of dollars

VC FUNDING IN EUROPE (2016): $17,6bn

in two year+56%

#2 IN VALUE #2 IN VOLUME

#2

(Source: Barometre EY du capital risque en France, 2016)

(Source: CB Insights 2016)

France

Sweden

2015

163

353

545

242

380366

590

520

2016

Germany

UK

France

Sweden

Germany

UK

2014

$1bn

2013

$1,1

bn

2015

$2bn

2016$2

,39b

n2017

$551

M

Quarter 1

Source: Baromètre EY du capital risque en France, 2016

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#ECOSYSTEMA booming startup ecosystem

HYPERGROWTH

& BORN GLOBAL

STARTU

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50% leap in revenue generated abroad in 2015

39% revenue increase

27% rise in staff numbers in one year

29% of firms have foreign VC investment

#3

Sources: Observatoire des startups françaises, French Tech/EY, 2017Baromètre EY/France Digitale 2016 - La performance économique et sociale des start-up numériques en France

30% increase in startups

creation per year, between 2012

and 2015

DELOITTE 2016 TOP 500 INDEX OF EUROPE’S FASTEST GROWING TECH FIRMS

Global Champions

The most represented nation for the 6th successive year

$1bn STARTUPS IN THE 2010s RISING STARS

Technology Fast 500

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#ECOSYSTEM: PARIS, A WORLD-CLASS VENUE FOR STARTUPS#1 European economic regionParis & Co

World’s 3rd most attractive city for foreign investmentKPMG

4th global city in terms of innovation centersCap Gemini 2016100,000 researchers in the Paris area World leaders have set up innovation centres in Paris: Microsoft (2012), Google (2013), Facebook, Intel, Samsung, Cisco, BNP Paribas, Nokia, Salesforce (2015), Huawei, Accenture, GE (2016), Renault (2017)

#1 European city in terms of number of headquarters of the top 500 large multinational companies CNN Money Fortune 500 2013

3500 startups based in the Paris regionObservatoire des startups françaises, French Tech/EY, 2017

43% of residents of the Paris metropolitan area have an expat background

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“Paris is for lovers... of startups” USA TODAY

Station F is the world’s biggest startup campus gathering an entire entrepreneurial ecosystem under one roof in Paris. This campus is a unique co-living space for entrepreneurs: 34,000 square meters, 3000+ desks in the startup zone, 10+ international startup programs, including the first ever Facebook startup incubator.

Based in Barcelona, Bengaluru, Berlin, Casablanca, Mexico, Moscow, NYC and Paris, NUMA empowers mission-driven tech entrepreneurs to solve the global problems of 2030. NUMA is dedicated to subjects with an urgent need for a meaningful technological response: education, health, food, water, transportation, energy, work, transparency and security.

110 business incubators and well-established accelerators within the Paris metropolitan area (Etude Apur octobre 2016).

42 is developing a disruptive teaching method: participatory and project-based learning that allows students to unleash their creativity. It’s free, open 24/7, and teaches 2,700 student developers per year. 42 opened a new school in 2016 in Silicon Valley and plans on teaching 10,000 students 5 years from now.

After the US, South Africa, UK and Germany, the prestigious American accelerator has expanded to Paris.

#A GOVERNMENT FIRMLY BEHIND ENTREPRENEURSHIP

FORINNOVATION

Bpifrance

$ 1,4bn

OPEN DATAINDEX

# 3

OF INVESTMENT IN PRIVATE STARTUP

ACCELERATORS

$ 225m

R&D TAX CREDIT PROGRAM COVERING

30% OF ALL R&D EXPENSES

$ 6bnIn 2013, the French government

launched La French Tech,an initiative to support

and promote the French startup ecosystem on an

international level.

REGULA

TION:

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For some years now, the French Tech ecosystem has seen a spectacular growth, driven by a new generation of entrepreneurs, investors, engineers and other talented people. The number of startups is exploding, fundraisings are exponential, and the number of international market leaders is growing: BlaBlaCar, DBV Technologies, Criteo, etc.

This vibrant ecosystem is called “La French Tech”, a movement for entrepreneurs and by entrepreneurs, backed by the French Tech Initiative, an innovative public policy created by the French Government in 2013. The French Tech Initiative is boosting this collective dynamic, and its actions have taken part in establishing this ecosystem within French economic landscape. Startups are now considered serious players, that create economic value and inspire innovation.

#WHAT IS LA FRENCH TECH?

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SAN FRANCISCOLOS ANGELES

MONTREAL

NEW YORKISRAEL

MILAN

LONDON

BARCELONA

DUBAI

MOSCOW

ABIDJAN

BEIJING

SHANGHAI

BERLIN

HONG KONGTAIPEI (TAIWAN)

SEOULTOKYO

SHENZHEN

VIETNAM

CAPE TOWN

SÃO PAULO

The French Tech Hub program consists of a worldwide network of tech entrepreneurs, investors and executives. These French Tech communities are designed to build bridges between major innovation hubs and facilitate the international growth of French startups.

#FRENCH TECH HUBS AROUND THE WORLD

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SAN FRANCISCOLOS ANGELES

MONTREAL

NEW YORKISRAEL

MILAN

LONDON

BARCELONA

DUBAI

MOSCOW

ABIDJAN

BEIJING

SHANGHAI

BERLIN

HONG KONGTAIPEI (TAIWAN)

SEOULTOKYO

SHENZHEN

VIETNAM

CAPE TOWN

SÃO PAULO

#FRENCH TECH HUBS AROUND THE WORLD A Worldwide Network

of French Tech Entrepreneurs

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Residence Permit

Landing Pack

Prize Money

Help Desk Acceleration Program

Incubator

Welcome Pack

www.frenchtechticket.com

This program detects and guides the international early stage startups willing to develop in France.

Welcome Pack offered to the entrepreneurs launching their startup in France:

#FRENCH TECH TICKET, a program to attract international entrepreneurs

93FOREIGNERS STARTUPS (230 entrepreneurs) guided and hosted during one year in France, into 41 public and private business incubators

+4000APPLICATIONS from +100 countries, mostly India, United States, Russia and Brazil

86%OF LAUREATES have a positive perception of French startup ecosystem after one year in France

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visa.lafrenchtech.com

#FRENCH TECH VISAA visa for startup founders, Tech talents, and investorsCome to France !

A FRENCH TECH VISA TO ATTRACT FOREIGN

TECH TALENTS and facilitate their arrival in France.

WHO IS CONCERNED? ▶ international startup & scale-up founders and employees,

▶ international talents joining a French startup or scale-up*,

▶ international investors and business angels.

GENERAL FEATURESValidityFour years, on a renewable basis.

No additional work permit is required for any work performed as an employee.

Fast-track procedure provided upon certain conditions.

Family “Talent Passport – Family” residence permit granted to the spouse of the main applicant, guaranteeing automatic labor market access (as an employee, business founder, etc.).

*Among “Pass French Tech Program” laureates

@lafrenchtech #frenchtech lafrenchtech.com

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