France announces $4.3 billion plan to support startups

France’s Ministry of State for Digital Affairs Cédric O and public investment bank Bpifrance announced a comprehensive support plan for startups this morning. Some French startups are going to face revenue issues as well as funding issues in the coming months. The French government wants to temporarily bridge that gap with refinancing and liquidity measures…

France announces $4.3 billion plan to support startups

France’s Ministry of State for Digital Affairs Cédric O and public investment bank Bpifrance announced a comprehensive support plan for startups this morning. Some French startups are going to face revenue issues as well as funding issues in the coming months.
The French government wants to temporarily bridge that gap with refinancing and liquidity measures — overall it represents $4.3 billion (€4 billion).
“Startups represent a growing part the economy — especially when it comes to jobs,” Cédric O said in a statement. “They are also working on innovative products and services that have been particularly useful during the lockdown, such as telemedicine appointments, remote work solutions or deliveries.”
France has already announced a widespread economic support plan. French companies that are facing revenue issues can skip tax payments as well as rent and utility bills. The Frenc
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