Back to Viva Technology 2023
France FinTech looks back on the major announcements and key initiatives unveiled during the recent edition of Viva Technology, held from June 14 to 17, 2023. This event was marked by important announcements not to be missed, as well as ambitious objectives that will guide fintech actions in France in the coming months.
🥈Wednesday, June 14: Fintech in good position at the Next Unicorn Awards
France is in second position in the ranking of the Next Unicorn Awards, presented at Viva Tech. The ceremony rewarded European start-ups with the potential to achieve unicorn status.
Thanks to our members Agicap, Descartes Underwriting, October, Pennylane and Sweep, who were nominated, the fintech sector is positioned once again in a remarkable way this year.
💰Thursday, June 15: Tibi 2 financing plan
Emmanuel Macron unveiled Tibi 2, an ambitious financing in perfect synergy with the strong commitment of France FinTech in supporting the financing of start-ups.
France FinTech's involvement in this subject has been significant, such as France FinTech's participation in Paul Midy's mission on investment in start-ups and innovative VSEs/SMEs. This initiative led to the proposal to create the “Young Companies” system.
With nearly 7 billion euros committed, this new government initiative demonstrates the recognition of the importance of technological innovation for our economy and our sovereignty. It also increases the attractiveness of France as a land of financial innovation, thereby attracting more investment and talent to French fintechs.
🎯 Friday, June 16, 2023: Launch of the "I choose French Tech" initiative
Presented by Jean-Noël Barrot, Minister Delegate in charge of the Digital Transition and Telecommunications, and Clara Chappaz, Director of La French Tech, the objective of this initiative is to strengthen the use of French start-ups for the development of public administrations. and the economic fabric (VSEs, SMEs, ETIs, large groups), a theme in which France FinTech has been investing for several years. One of the challenges: to promote the development of solutions to respond in particular to the challenges of sovereignty and society.
The idea is simple: bring together as many players as possible, private and public, to accelerate the development of our French start-ups, particularly fintech.
Five action levers will guide this initiative in the coming months:
1️⃣ The training of public and private buyers will be reinforced, as they play a central role in the purchasing decisions of companies and public administrations.
2️⃣ More than 30 networking events between start-ups and other players in the French economic fabric are scheduled by the end of the year.
3️⃣ New financing will be deployed in favor of emerging players: the State Purchasing Department (DAE) undertakes to double the State's order from innovative SMEs, going from 2,4% to 4% of by 2027, for an amount of approximately 1 billion euros.
4️⃣ An appropriate regulatory framework will be put in place to remove barriers and create incentives to collaborate with start-ups.
5️⃣ Active communication will promote successful collaborations between major public and private clients and La French Tech Tech start-ups.
All information is available here
In summary, France FinTech is positioned as a key player in technological innovation and support for start-ups in France. Their remarkable participation in the Next Unicorn Awards, their active support for the Tibi 2 financing plan and their involvement in the "I choose French Tech" initiative demonstrate their strong commitment to the French fintech ecosystem. During the FFT23 event, France FinTech will give pride of place to artificial intelligence, thus underlining its capital importance in the field of fintech and its significant impact on innovation and economic growth.
