France's government has launched the second phase of the Tibi initiative, which aims to mobilize €7 billion in private funding by 2026 to support technology companies.
The initiative addresses the financing gap that has hindered the growth of tech firms in France.
The first phase of the initiative was successful, positioning France as a leading ecosystem for financing new technologies in the European Union.
The government is committed to creating an environment that encourages financial players to accelerate the growth of innovative companies. The initiative reflects a broader vision for the future of technology in France, where the government plays an active role in shaping the landscape of innovation.
The collaboration between the government and institutional investors is crucial for the success of the initiative.
The focus remains on attracting and nurturing talent within the tech industry.