• France's news in English

Paris trumps Berlin in Europe startups ranking

The Local · 21 Oct 2015, 12:38

Published: 21 Oct 2015 12:38 GMT+02:00

Facebook Twitter Google+ reddit
Paris has been rated as the sixth best European city for startups and for scale-ups, according to the European Digital City Index for 2015.
The finish was good enough to edge out seventh place Berlin, in a list that saw London, Amsterdam, and Stockholm finish in the top three places.
"This high ranking is due, in part, to a well-developed venture capital industry and several world-class research institutions, together with an increasing number of co-working spaces and accelerators," the report noted. 
It pointed out that the startup scene was aided by France Digitale and La French Tech, both of which work to promote the profile of French startups. 
The report also pointed to the strength of Paris as an "emerging sharing economy", singling out mega-success BlaBlaCar as well as advertising company Criteo. 
BlaBlaCar is the current startup darling of the tech scene in Paris after it recently became the first French startup to be valued at over $1 billion
The good finish for Paris in Wednesday's ranking will no doubt be welcomed by BlaBlaCar's co-founder Nicolas Brusson, who told The Local in September that Paris wasn't rated highly enough - especially compared with the German capital.
"Paris does tend to be a bit underrated, but if you look at the number of companies coming out of Paris that are bought out or get an IPO rating, then there’s more than Berlin," he said.
Gary Shapiro, the CEO of the Consumer Electronics Association, is just the latest American businessman to ring the praises of France and its start-up culture.
This month the CEA held its CES Unveiled (Consumer Electronics Show) event in Paris for third year running, "because of France’s proven reputation as a hotspot for startups and innovation," said Shapiro.
"Every year, the size and scope of the French tech delegation at CES in Las Vegas expands, with 70 French startups presenting at the 2015 International CES. From food to fashion to art, and now to tech – France has a record of forward-looking creativity."

France’s pro-innovation culture is being fostered from within. Economic Minister Emmanuel Macron is leading an effort to change France’s business reputation by promoting innovation and startups – with significant early success.

BlaBlaCar zooms into startup record books
But Paris has plenty of work to do if it wants to reach the lofty tech heights of nearby London, which topped the list.
The index noted that market conditions in Paris "could be more favourable", and that the adoption of many digital technologies was slower in France than in several other European countries. 
And in a blow that almost every Parisian can relate to, the index pointed out that the city is "quite expensive" to live in, a fact that could deter foreign entrepreneurs from even considering a life there.
Story continues below…
Despite all this, it would seem the Paris scene is blooming.
There are over 22,600 startups in the city, which employ almost 140,000 people.
Paris startups have attracted €2.35 billion in funding since 2005, and there are 250 co-working spaces, as well as accelerator hubs like Numa. 
The index also noted that France has a dedicated minister for digital affairs, and will launch in January a visa scheme to encourage foreign entrepreneurs to kick off start ups in Paris. 
Wednesday's index was created by UK-based "innovation charity" Nesta as part of the European Digital Forum in a bid to create a supportive environment for digital companies in Europe.
Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
How speaking French can really mess up your English
Photo: CollegeDegree360/Flickr

So you've mastered French, but now it's time to learn English all over again.

French claims that Jungle camp is empty are rubbished
Photo: AFP

Reports from the scene say scores of migrants are still in the area of the Jungle despite French authorities claiming "mission fulfilled."

Kidnapped Riviera millionaire left tied up in car boot in Nice
Photo: AFP

Head of luxury Cannes hotel has been found alive after being kidnapped in Nice on Monday.

Paris landlords still charging illegally high rents
Photo: Panoramas/Flickr

... and it's tenants in the smaller apartments that get hit the hardest. Could you be paying too much?

France takes baby steps to make life simpler
Photo: AFP

... including extending the ridiculously short time limit for registering a new baby.

IN PICTURES: Calais Jungle camp goes up in flames
All Photos: AFP

Migrants leave behind a scorched camp as they are moved to locations across France.

French expats in UK suffer Brexit abuse
French ambassador to the UK Sylvie Bermann with Foreign Secretary Boris Johnson. Photo: AFP

French nationals no longer feel at home in the UK, ambassador says. But Brits in France have been greeted with sympathy since the referendum.

Six to go on trial in France over topless Kate photos
Photo: AFP

The topless pics sparked fury among the royals.

France sees biggest drop in jobless rate for 20 years
Photo: AFP

Good news at last. But it's unlikely to keep President François Hollande in his job.

Calais migrants given mixed reception in French towns
Photo: AFP

Some in France have shown solidarity with their new guests, while others have made it clear they are not welcome.

The annoying questions only a half French, half Brit can answer
Sponsored Article
Last chance to vote absentee in the US elections
Forget Brangelina's chateau - here are nine others you've got to see
The must-see French films of the millennium - Part One
How life for expats in France has changed over the years
Why Toulouse is THE place to be in France right now
Video: New homage to Paris shows the 'real side' of city
The 'most dangerous' animals you can find in France
Swap London fogs for Paris frogs: France woos the Brits
Anger after presenter kisses woman's breasts on live TV
Is France finally set for a cold winter this year?
IN PICS: The story of the 'ghost Metro stations' of Paris
How to make France's 'most-loved' dish: Magret de Canard
Welcome to the flipside: 'I'm not living the dream in France'
Do the French really still eat frogs' legs?
French 'delicacies' foreigners really find hard to stomach
French are the 'world's most pessimistic' about the future
Why the French should not be gloomy about the future
This is the most useful French lesson you will ever have. How to get angry
Why is there a giant clitoris in a field in southern France?
French pastry wars: Pain au chocolat versus chocolatine
Countdown: The ten dishes the French love the most
Expats or immigrants in France: Is there a difference?
How the French reinvented dozens of English words
jobs available