government wants ten decacorns by 2030

This was stated by the Minister of Economy Bruno Le Maire during a trip to the VivaTech exhibition in Paris. France currently does not have any of these companies, which are valued at up to $10 billion.

The French sector of new technologies should have ten “decacorns“Companies worth up to $10 billion by 2030 were announced on Wednesday by Economy Minister Bruno Le Maire during a trip to the VivaTech exhibition in Paris. “I set you other goals: ten decacorns in 2030, five in 2025“confirmed Bruno Le Maire, pleased that France now has 27”unicorns“, that is, young technology companies are valued at more than a billion dollars.

The government has set a goal of having 25 unicorns by 2025, it has finally been reached faster than expected, but France currently does not have a technology company worth more than $10 billion, unlike other European countries such as the Netherlands and Sweden. The two most important French unicorns, Doctolib and Back Market, are worth around $5 billion.

The Minister of Economy highlighted the need for France to develop its start-up ecosystem in connection with the green transition. With 1800 startups in the field”we are the fourth in Europe. It’s not good, our place is first“, defended Bruno Le Maire. “Tech companies to be Europe’s first in the fight against climate change within 5 years“, – he said, presenting the prize to 20 young companies.

Startup funding support

Ecological transition is one of the central themes of this edition of VivaTech, with the presentation of several innovations and presented for the first time by vehicle manufacturer Tesla.

To achieve these goals, Bruno Le Maire supports the funding of start-ups. “Everyone saw that the terms of financing are changing radically. Easy money (..) is over and everyone should know about it” but “our responsibility is to continue to provide you with solid funding in other ways.“, he promised, referring to the European initiative”zoom inwhich plans to release more than 3 billion euros, or the investment plan France until 2030, launched last year by Emmanuel Macron.

VivaTech, a major French digital technology event, kicked off Wednesday in Paris for four days of discussions on the latest innovations in the sector such as the metaverse and “web3”, new concepts that are rocking the world. technology. . In 2020, it was canceled due to the pandemic, while the 2021 edition took place in a hybrid format with a limit on the number of participants (a maximum of 5,000 people at a time). A total of 140,000 people took part, including 26,000 full-time.

In its sixth edition, VivaTech will once again offer a website giving access to all online conferences and virtual booths. Among the headliners of the program of the show will be Changpeng Zhao, the boss of Binance, the world’s largest cryptocurrency exchange platform, Ryan Roslansky, the boss of the social network LinkedIn, as well as several leaders of the technology giants. , CAC40 (LVMH, Renault, Orange, Bouygues…) and representatives of the largest French start-ups.