Earlier this year, it was claimed that Paris had taken the ‘Crown’ of London because Europe’s leading technology was a rapid title. Claim, Duo The combined enterprise value of the Paris Startups has increased from London 1.2 to 5.5 times compared to London’s 1.2 times, and they remain in a strong challenge. In fact, London still leads Europe with 46 startups, which is worth more than $ 1 billion.
However, the argument will not be settled at any time soon. Paris has been displaying its strengths, creating the most recognized AI startups in the world today, such as mistral and hug face as well as exemplary engineering talent. These forces suggest that Paris should be focused on building a worldwide top technology center instead of setting up a competition with London.
A Turn Arond on Progress
The French government recognizes the strategic role that the French government plays to understand Paris’s climb in technology. State -owned BPI has injected public investment through France 17.32 billion dollars in direct French startupsThe Fulfillment financial assistance, significantly through Incentive The research tax credit (CIR) and the Young Innovative company’s scheme have strengthened more startup growth. Further, France’s capital markets have taken a rising risk, becoming more interested in investing in technology initiatives in the early stages.
Beyond government investment and assistance, startups in Paris benefit from the vast domestic market in France, solving national business challenges before entering the new market and allowing entrepreneurs to make the first scale locally – an advantage than startups in small European countries.
To support the global position of Paris as a technical leader, the French government must create these successful initiatives. The latest progress of AI is an obvious region where Paris has made a good start, but the competition is fatal. For example, the AI strategy of Saudi Arabia includes the required AI skill and deployment to include the population compromise A $ 100bn initiative Invest in research and development investment, talent and more to scale the country’s AI infrastructure. The French government and the National AI Advocate should be closely monitored and reacted closely to this national global development as opposed to being narrow to European attention.
Talent premium is a gold opportunity
Although a strong fund culture has played an important role in the success of Paris Tech Ecosystem, the rise of Paris technology prominence is significantly for its exceptional talent pool. In the banking and civil services towards entrepreneurs, the traditional phase of the career has re -shape the technical landscapes that move away from graduates. France’s prestigious Grands Ecols Engineering Schools are now producing highly skilled professionals drawn in growing startups.
Global AI Boom’s talent competition has intensified, highlighted by the recent Silicon Valley Poching Spring and enough compensation packages. Matching US salary may be unrealistic, but an alternative opportunity has arisen: US Federal Research Fund damages the sewage threat to 50%, a nature survey indicates that US-based scientists are thinking about 75% of the steps abroad. France widen the research grant and supports the university spinouts to capitalize on this trend. Doing so will attract the pioneers of AI and machine learning researchers, strengthen the Paris application to technical founders.
Why do not need to expand to the United States to cut French ties
ICally, French startups face a binary choice in the United States to tap the larger market and investment pools completely transferred to the United States or completely transferring. Recent cases like Mistral have been able to tap in the United States to open a Palo Alto office in 2021 without moving away from Paris to the headquarters. In the face of the Paris-founded embrace in the mouth, a headquarters in New York did not stop to maintain a large presence in Paris in Paris.
Today, Paris-based startups do not need to choose between French talent and the US market. Earn Paris and establish US-based sales activities for a dual-stabilized model-engineering and development teams-provides an effective strategy.
In order to successfully navigate this dual-market system, partnership with the capitalists of global enterprises should be given priority to facilitate the expansion of the US. Proven track records that help transfer in investors and European founders with local US presence can simplify the regulatory on the local markets, connect the founders to the local market and handle effectively distributing teams.
The Tech Ecosystem in Paris is a global leadership, especially in the AI, thanks to exceptional talent and strong government support. In order to move forward, the founders of Paris must take the mindset of global growth, we need to cancel the old ideas of the need to leave the French roots for our success. Stories like Mistral Show are the stories of the founders that do not need to be left behind Paris to create amazing companies.
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