The disarray of the start-up nation after the shock of dissolution | EUROtoday

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Emmanuel Macron, at the VivaTech show, in Paris, June 14, 2023.

It was in an elegant, rural setting, nestled within the coronary heart of the Bois de Boulogne, close to Paris, that France Fintech, the foyer for younger tech startups in finance, organized its summer season celebration on Tuesday, July 9. The title of the place? Pigeon taking pictures. How can we not see the quasi-Freudian image of a French tech firm anxious about its future?

It was below this time period of “pigeons”, in actual fact, that digital entrepreneurs, fearing being fleeced by a tax legislation deemed to be “confiscatory”. But that yr, they’d discovered their champion: Emmanuel Macron, then deputy secretary common of the Elysée, had satisfied the President of the Republic, François Hollande, to backtrack. This episode marked the start of an intimacy between start-ups and a political chief adept at “disruption”, as he proved once more by selecting to dissolve the National Assembly after the European elections of June 9. Almost a love story, then.

But the awakening is brutal. From Versailles to Las Vegas (Nevada), from the Elysée to Davos (Switzerland), the pinnacle of state has embodied French Tech a lot that its members now concern being collateral victims of his electoral setback. Because they’re thought-about too near a largely discredited political chief. “My fear is that those outside the ecosystem will not understand how our contribution is useful. Even more so with the arrival of artificial intelligence, some may feel excluded from innovation”says Roxanne Varza, the boss of Station F, the “cathedral” of start-ups, within the thirteenthe district of Paris.

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“François Mitterrand went to the villages every Wednesday, Jacques Chirac felt the cows' bottoms and Emmanuel Macron stroked the unicorns [surnom donné aux start-up valorisées plus de 1 milliard de dollars] “, ironizes Hugues Le Bret, president of Nickel, the promoter of the “account for all”. If French Tech and its pink rooster have been created in 2013 by Fleur Pellerin, then minister of the Ayrault authorities, the long run President of the Republic gave a brand new dimension to this system when he turned Minister of the Economy, in 2014: by private style, by the curiosity he had in associating his picture with modernity, by his demand for sovereignty.

For the entire world, Emmanuel Macron turned the headliner of French Tech throughout his journey, in January 2016, to the CES (Consumer Electronic Show) in Las Vegas, the worldwide excessive level of the sector. With his fashionable three-day beard, he was the “king” of a night financed to the tune of 289,000 euros by Business France, remaking the world all night time lengthy with captivated entrepreneurs.

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https://www.lemonde.fr/economie/article/2024/07/11/le-desarroi-de-la-start-up-nation-apres-le-choc-de-la-dissolution_6248464_3234.html