Launched this May, the French Startup Visa is for non-French entrepreneurs who have an idea for creating or expanding a startup. During the call for proposals, which ended on 15 September, 722 startup projects were submitted, for a total of 1,372 applicants and 5,677 expressions of interest from over 90 countries.
A Frank Success
The numbers outspace by far the number of applicants to most European equivalent of Startup Visa programmes. Migreat Startup Visa report counted that on average, similar programs have received 20 to 100 of applications through their first years.
It is a definite confirmation for Axelle Lemaire, Minister of State for Digital Affairs, that France has grown a strong “international appeal” she says and “for this fantastic startup momentum to continue” she adds “we now need to work with entrepreneurs from around the world and (…) later [expand the French Startup Visa programme] to other French Tech Metropoles throughout France.”
Paris, growing hub for international startups
Buoyed by the success of forerunners such as Criteo, Withings, and Sigfox, the recent news of $200 raised by Blablacar, the acquisition of Leetchi, the plans for Deezer to go public, and with the support of the French government, which launched the French Tech initiative, French startup have reached cruising speed in recent years!
Paris is a world leader in the innovation economy: “Number one city in the world for innovation and intellectual capital” and “third most appealing city for foreign investment”.
The fifty winners of the first edition of Paris French Tech Ticket will be announced in December. Starting in January 2016, they will be welcomed into a dozen support structures and partner incubators.
Upcoming stages in the selection process:
1- By the end of September: a pre-selection process will choose 500 eligible projects, in order of submission
2- October: the 500 projects will be reviewed by a panel of experts. Seventy of them will be selected, and Skype interviews with the applicants will take place between 2 and 6 November
3- End of November: following the interview phase, the list of finalists and runners-up will be
4- January 2016: the 50 winning French Tech Ticket entrepreneurs will arrive in Paris
A new call for proposals will be launched early in 2016.
Interested in Startup Visa Schemes? Download Migreat Report on Startup Visas programmes or read our latest blog post on the countries accepting entrepreneurs in 2015.