France and Germany in search of venture capital

Thèmes abordés

France and Germany, venture capital

Résumé du document

The Annual report on the state of France in 2014 opens with an emphasis on the economic hardships of the country. Published in December 2014 by the Economic,Social and Environmental Council, this report starts with an observation : "France is suffering from an economic model too dependent on the financial markets which imperils the future."

The following notes highlight the questionable efficiency of the austerity measures and concede that "the stagnation of the activity and the receding employment rate stress the difficulties encountered by businesses and more broadly by the people."

The main reason for the receding employment rate at a moment where economies regain growth has been heavily discussed for about two years. The consensus indicates that the integration of new technologies into the world economic system tends to render some jobs obsolete. Now
employment favours individuals with specialised competencies and most of all able to adapt to rapid changes induced by innovative technologies.

Extraits

[...] Foreign Affairs. accessed 15 February LA FRENCH TECH. Appel à manifestation d'intérêts pour les investissements dans des structures d'accélération de la croissance de startups innovantes accélérateurs de startups [online]. Gouvernement.fr. accessed 15 February UMUCYO Alain-Patrick. II/ Lobbyists, operators in troubled territories. 1/2 : The three pathways of lobbying. [online] October 2014. Wikinut. accessed 20 February BUNDESAMT FÜR WIRTSCHAFT UND AUSFUHRKONTROLLE. INVEST Zuschuss für Wagniskapital [online]. Bafa. accessed 20 February BUNDESAMT FÜR WIRTSCHAFT UND AUSFUHRKONTROLLE. INVEST Zuschuss für Wagniskapital [online]. [...]

[...] Gouvernement.fr. accessed 15 February 2015 LA FRENCH TECH. Appel à manifestation d'intérêts pour les investissements dans des structures d'accélération de la croissance de startups innovantes accélérateurs de startups [online]. Gouvernement.fr. accessed 16 February 2015 LA FRENCH TECH. Appel à manifestation d'intérêts pour les investissements dans des structures d'accélération de la croissance de startups innovantes accélérateurs de startups [online]. Gouvernement.fr. accessed 16 February 2015 LA FRENCH TECH. Appel à manifestation d'intérêts pour les investissements dans des structures d'accélération de la croissance de startups innovantes accélérateurs de startups [online]. [...]

[...] p accessed 15 February 2015 In July 2014, the magazine Foreign Affairs offered an edifying analysis of the current mutation of the economies.3 The main observation is that the future, ideas will be the real scarce inputs scarcer than both labor and capital.”4 The future starts now The revival without the State money The high level of unemployment and precarious activities in the European Union confirm the analysis from Foreign Affairs. In this context, the objective is to sustain the production of ideas and their integration into the mercantile circuit so as generate economic value and jobs”5. However, the irresistible grasp of the finance world on the member States of the Union6 prevents the latter from mobilising enough capital to sustain innovation efficiently. [...]

[...] This is even more probable when this million is put in perspective with regard to the euros required by the German federal State to support natural persons wanting to invest in young innovative enterprises LA FRENCH TECH. Appel à manifestation d'intérêts pour les investissements dans des structures d'accélération de la croissance de startups innovantes accélérateurs de startups [online]. Gouvernement.fr. accessed 15 February Bibliography 3.1 Sources in French BPIFRANCE. Investissements d'avenir Programme [en ligne]. BpiFrance. consulté le 16 février 2015 FAUVEL Hélène. Rapport annuel sur l'état de la France en 2014 [en ligne]. Décembre 2014. Le Cese. p consulté le 15 février 2015 LA FRENCH TECH. [...]

[...] Their example reveals two different approaches to incite the deployment of private capital. It gives insight into what kind of choices are under consideration for any State wishing to support entrepreneurial innovation. Nevertheless, the German and the French approaches remain subject to criticisms Germany for the individual investors In Germany, supported private investors (natural persons), who acquire stakes from young innovative enterprises. [ ] With the federal State financial aid, the private investor is reimbursed of the price of the acquisition”.7 Two operational conditions need to be highlighted : 1. [...]