For three years now, we have been supporting an exciting project in France called Le Camping . Each six months, 12 new startups are chosen to “camp” in what used to be the offices of the French Stock Exchange. Mentors , entrepreneurs and engineers, coach the “campers,” teaching them how to develop their business and find start-up funds.
We just have launched Season Four and this seemed a good time to take stock. In Season One , Two , and Three , a total of 36 startups have created about 160 jobs and raised EUR5 million. About half the campers succeed in obtaining funding to get off the ground.
But we noticed one disturbing trend. More and more of these startups are leaving France. Onefeat , a social game, has moved to San Francisco, and Oleapark , a networking tool, is based in Berlin. We fear many others will also leave because, among other reasons, they find elsewhere other locations offer cheaper facilities, lower taxes or more easily obtained VC funding.
How to get them to stay? One requirement is to improve access to office space in Paris. The French government recently announced plans to create a Parisian neighborhood dedicated to startups. A public consultation has been called to decide what facilities will be offered. Google supports this project and has already invested almost EUR1 million in a new building similar to our London Campus .
Enthusiasm in France for startups seems to be growing. More than 180 candidates showed up for Season Four's launch. They presented ideas for new products and services. Let’s hope that they find an environment for creating their own companies - and seeing them flourish in France.
Posted by Elisabeth Bargès, Public Policy Manager Innovation, France
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