Edouard PHILIPPE announced today the launch of a new fund, "French Tech seed", for French Tech.
D400 million under the third component of the Future Investment Programme, this fund will aim to support the fundraising of technology startups emerging from laboratories, incubators or technology transfer acceleration companies (TATs).
Managed by Bpifrance, it will rely on certified business introducers who will be responsible for supporting these new shoots and finding private investors for them.
These business contributors, who guarantee the technological validity of the project, will enable quasi-automatic public investment in the form of convertible bonds to complement the capital provided by private investors.
The fund, which provides France, like other startup nations such as the United States, South Korea and Israel, with a financing tool capable of financing large-scale pre-priming, will also be able to intervene directly with equity capital for larger fundraising efforts.
Its creation reinforces the shift, announced on 25 May, during the Vivatech trade show, by the French Secretary of State for Digital, Mounir MAHJOUBI, from French Tech to deep tech.
It is also one of the 100 commitments made during the "Action start-ups 2018" plan presented at the time.
