France wants to encourage its startups to conquer the world. France has an extraordinary advantage - its technical diaspora. There are large numbers of French entrepreneurs and developers working on an international basis throughout the world and in particular in the United States. And without doubt, they also represent French Tech.
And now the French entrepreneurs in New York are getting organised and, in partnership with our locally-represented institutions, are launching French Tech New York. This French Tech Hub will form a bridge between the New York ecosystem and the French ecosystem and will speed the pace of exchanges between startups and talented individuals on both sides of the Atlantic.
A French Tech Hub is a bridge built between a major international metropolis and France.
More specifically, it is a programme which aims on the one hand to facilitate and accelerate startups from France in a particular location and on the other to facilitate access to France for startups, investors and talented individuals.
This programme is operated by a community of French entrepreneurs and investors already installed in that location and supported by the French government.
French Tech New York, the French entrepreneurial community in New York, is the first to bear the label “French Tech Hub”. This has been announced by Axelle Lemaire, the Minister of State for Digital Affairs, and Emmanuel Macron, the Minister for the Economy, Industry and Digital Affairs at the French Touch Conference that was held in New York on 24-25 June.
To date, 6 other projects have been prepared by entrepreneurs and are currently under study: Cape Town, Santiago, Barcelona, Hong Kong, Taiwan and Tokyo.
At the present time there are more than a hundred French-run startups located in New York City, mainly in the areas of AdTech, eCommerce, Media and SaaS.
In the words of Benoit Buridant, the founder of Frenchfounders, a club of 900 expatriate French entrepreneurs and company heads: “Worldwide, 50% of our members have been expatriates for less than 5 years. In the USA, 50% have been here for less than 3 years. Our technology entrepreneurs are all coming to New York in search of a global market at a time when it is still possible to make your mark quickly.”
These figures provide encouragement for others in France, and more and more entrepreneurs see NYC as a key stage in growing their business in the USA. Whether they are planning to set up in New York or are already there, French entrepreneurs regularly express their need for the existing network to be more structured, and in particular they want to be able to take advantage of an entry point which will enable them to discover the New York ecosystem and to have an exchange with other French nationals about their transatlantic experience.
The nyc.lafrenchtech.com website provides an entry point for French entrepreneurs, investors and engineers looking to develop their business in New York City.
The purpose of the site is to assist French entrepreneurs who want to expand their business abroad and to find suitable local contacts, and to give greater visibility to French Tech startups and to promote the effectiveness of a new model (R&D in France and development of the company’s activity in the U.S.).