The French authorities and the government-backed initiative La French Tech unveiled the brand new indexes that establish essentially the most promising French startups. The 40 top-performing startups are known as the Next40, and the highest 120 startups are grouped into the French Tech 120.
The Next40 and French Tech 120 are considerably new as that is solely the second model of these indexes. Out of the 120 startups that have been already in final 12 months’s French Tech 120, 90 of them are nonetheless on this 12 months’s index — 30 are newcomers as there have been 123 startups in final 12 months’s French Tech 120.
Mixed, they generate near €9 billion in income and supply a job to 37,500 individuals. Income particularly is up 55% in comparison with final 12 months’s French Tech 120.
Right here’s an inventory of the French Tech 120 — the purple logos are a part of the Next40:
There are two other ways to get accepted within the Next40:
- You might have raised greater than €100 million over the previous three years ($120 million at at present’s fee) or you’re a unicorn, which implies your organization’s valuation has reached $1 billion or extra.
- You generate greater than €5 million in income with a year-over-year development fee of 30% or extra for the previous three years.
As for the remaining 80 startups within the French Tech 120:
- 40 of them have raised greater than €20 million in a funding spherical over the previous three years.
- 40 of them are chosen primarily based on the annual turnover and development fee.
After all, these indexes are restricted to non-public French firms. For the French Tech 120, there are at the least two startups per administrative area.
Based mostly on these metrics, solely a handful of the startups within the French Tech 120 have a feminine CEO and the French authorities thinks tech startups ought to do extra with regards to range and inclusion. That’s why a small group of persons are going to work on a roadmap and a few suggestions to enhance these numbers.
Representatives of six totally different startups within the French Tech 120 in addition to individuals from Sista, Tech Your Place and Future Optimistic Capital will get collectively to work on these subjects.
Along with a cool brand in your web site, being a part of the French Tech 120 comes with some perks. These firms can entry a community of French Tech representatives in several public administrations.
For example, it’s simpler in your firm if you wish to get visas for international staff, receive a certification or a patent, if you wish to promote your product to a public administration, and many others.
There are two new additions to the French Tech community. Somebody from the Conseil d’État will help you with regards to authorized compliance. The federal government has additionally signed a partnership with Euronext to coach entrepreneurs about going public.