The blindness of the French banks with regard to entrepreneurship

Thèmes abordés

French banks , entrepreneurship

Résumé du document

The French banks are completely uninterested in sustaining entrepreneurship and the entrepreneurs of France have well understood that. On 23 February 2015 Endeavor Insight introduced details from a scientific article aiming at "drawing lessons on entrepreneurship ecosystems from evolutionary biology and ecology."

Endeavor Insight is the "research arm" of the organisation Endeavor. The latter constitutes "a successful example of sustaining and fostering entrepreneurship at an international level." The scientific article is entitled Enabling Entrepreneurial Ecosystems. The author observes that : "Governments and non-governmental grant-making organizations that seek to advance local competitiveness have turned increasingly to entrepreneurship-focused interventions." Among the lessons he submits, some are of interest for all those who may seek to foster entrepreneurship,
particularly the banks.

Extraits

[...] Ecosystem insights. accessed 28 February 2015 MANGOPAY. Leetchi corp [online]. Mangopay. accessed 28 February Sources in French ALLIANZ. Allianz France lance l'appel à candidature pour la première promotion de son accélérateur de start-up, basé à Nice et spécialisé dans le big data, les objets connectés et le stade connecté [online] February 2015. Allianz. accessed 28 February 2015 AVECLESPME.FR. Aveclespme.fr. [online]. Aveclespme.fr. accessed 28 February 2015 JOB TEASER, LAZORTHES Céline, MUGNIER Frédéric. Conseils d'entrepreneurs Leetchi.com et Faguo [online] February 2013. Youtube. [...]

[...] The site an educational initiative from the French Banking Federation which specifies that 3 millions SMEs are at the heart of the French banks' strategy”.6 However, there is no equivalent initiative dedicated to starting entrepreneurs and those mobilised for their success such as incubators and accelerators for startups or private investors. The strategy of the French banks is obviously not concerned with entrepreneurship. That confirms lack of interest of big French companies”7 perceptible regarding the infrastructure of the French Tech ecosystem. The entrepreneurs of France are well aware of that ENDEAVOR INSIGHT. Enabling Entrepreneurship Ecosystems: Lessons from Ecology and Biology [online] February 2015. Ecosystem insights. accessed 02 March ENDEAVOR INSIGHT. [...]

[...] accessed 19 February 2015 LEETCHI.COM. Leetchi.com [online]. Leetchi.com. accessed 28 February 2015 MV CUBE. Présentation [online]. MV Cube. accessed 28 February 2015 UMUCYO Alain-Patrick. La French Tech, un an après 1.2 Le modèle Endeavor [online] February 2015. AgoraVox. accessed 28 February 2015 . -The Series- L'aliénation de l'infrastructure French Tech -The Series- [online] 23 February 2015. The Series. [...]

[...] Allianz France lance l'appel à candidature pour la première promotion de son accélérateur de start-up, basé à Nice et spécialisé dans le big data, les objets connectés et le stade connecté [online] February 2015. Allianz. accessed 28 February ENDEAVOR INSIGHT. Enabling Entrepreneurship Ecosystems: Lessons from Ecology and Biology [online] February 2015. Ecosystem insights. accessed 05 March ENDEAVOR INSIGHT. Enabling Entrepreneurship Ecosystems: Lessons from Ecology and Biology [online] February 2015. Ecosystem insights. accessed 05 March Bibliography 4.1 Sources in English AUERSWALD, Philip E. Enabling Entrepreneurial Ecosystems [online] 7 October 2014. [...]

[...] This exchange reveals the lucidity of those entrepreneurs with regard to the actual (lack of) help from the banks at the beginning of the entrepreneurial venture. Beyond particularities, the most edifying observation about the lack of interest of the French banks when it comes to entrepreneurship exposes their absence in the realm of the acceleration of start-ups. This domain was first occupied by private initiatives involving different competencies related to, among others, the management of projects or the relationships between founders and investors, or clients. [...]