France launched on wednesday a Startup Visa called the French Tech Ticket – a full package for entrepreneurs from all over the world willing to set up their startup in Paris.
What’s the programme?
The Programme targets entrepreneurs who may or may not already have a business in France, and who are, for example, completing their education and looking to create a startup. Teams must comprise one to three founding members, and a maximum of one French person per team.
The program provides
- Funding of €12,500 for 6 months, renewable so to give a year funding of a EUR 25K total to each team member.
- Free space in a partner incubator. What you find in spaces as such is access to training session, dedicated network and mentors to support a start-up growth.
- FrenchTech event access
- A Help Desk to provide assistance with red tape; and god knows how it can be useful in France.
- On top of things – and so so french: you get lower prices on Air France flights, a Gold loyalty card and advertising for the startup via Air France!
So what are you waiting for to apply? And who should apply?
Any entrepreneur with a scalable or innovative idea is welcomed in the programme – with a team of three people maximum and willing to give Paris incubator a try for six to a year.
Applications opened in June online with a questionnaire and a video pitch to submit. They close by end of September when a videoconference with selected applicants will be interviewed to develop the idea of the project. The final selection will be made by a committee comprising members of the French Tech Initiative, the Paris City Council, Bpifrance, Business France, the Directorate General for Enterprise (DGE), partner incubators and leading personalities of the tech & entrepreneurship scene.
The application process is now closed for 2015. Read more in our latest blog post on the next stages for successful applicants.
Paris entrepreneurial hub assets and strengths
France eco-system has grown over the years to be a significant player on the world map of start-up eco-systems: there are over 40 business incubators, 80 co-working spaces, 20 fab labs, and close to 1,500 startups being set up annually. It has made itself famous thanks to the success stories of Critéo, Blablacar and Sarenza. A 33,000m2 incubator space, la Halle Freyssinet will open in November this year in the centre of Paris.
Interested in launching a start-up in Europe?
If the french programme still does not attract you – there are many more countries looking to attract entrepreneurs. They are all listed in one Startup Visa infographic and you can get the details of the program by downloading our report Open Borders to Entrepreneurs.