Michael Tegos · · 2 min readFrance wants Southeast Asian entrepreneurs to spend a year there
Photo credit: French Tech Ticket, a startup competition aimed at entrepreneurs all around the world. If you have ideas in the areas of big data, internet of things, fintech, and cleantech, you could work on them in the City of Light.
French Tech Ticket has already enabled 23 teams from as many countries to go to Paris, and now it’s gearing up for a second “season.” This time, the program will accept 70 teams. They will be hosted in over 40 incubators all over the country for 12 months, starting January 2017.
The program will accept 70 teams for 12 months, starting January 2017.
Applications are already open and the deadline is August 24. The winning teams will be announced in December. Details on how to apply can be found on the official site.
The winning teams will get funding to the tune of US$51,000 each, access to mentoring and networking, and assistance in relocating to France and obtaining residence permits. The funding will cover both personal and professional costs for the startups. No equity stake will be taken in return.
France has been eager to grow its startup ecosystem through legislation, incubators, and innovation programs. Paris was ranked number 11 in the Startup Ecosystem Ranking 2015 report by Compass – one place lower than Singapore.
According to European tech outlet Tech.eu, France saw 115 funding deals in 2015 worth US$1.1 billion in total, while merger and acquisition deals generated another US$1 billion across 40 deals.
Converted from Euros. US$1 = €0.89
Editing by Malavika Velayanikal and Steven Millward
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