Paris dethrone London, and turns into the brand new Eldorado of start-ups in Europe | EUROtoday

“PFor the first time, our capital exceeds London and stands out as the first technological hub in Europe. The Minister Delegate responsible for artificial and digital intelligence, Clara Chappaz, has something to rejoice: according to the annual classification in the cities most conducive to the success of innovative companies, Paris has indeed supplanted the London capital as the first pole of start-ups in Europe.

To achieve this observation, Dealroom, data specialist, analyzed 288 cities according to indicators such as venture capital funding, enhancement and growth of start-ups, the number of unicorns, the concentration of patents and the activity of university spin-offs, according to Sifted. Paris arrives in fourth position behind the Bay Area, New York and Boston. In Europe, she is ahead of London, Stockholm, Munich and Amsterdam.

Read too Choose France: King Macron shines, France holdsTechnological companies in the French capital grow at a faster rate than their British neighbors. Between 2017 and 2024, their combined valuations were multiplied by 5.3 to reach $ 286 billion, compared to 4.2 times to 593 billion dollars for London. “Paris has lowered its delay,” explains Dealroom. “It has experienced faster than London in terms of business value, venture capital and unicorns. »»

Paris and London, “engines of the European technological ecosystem”

With 133,000 patents, Paris is ahead of London (48,000 patents). The French capital also has nearly 9,500 founders of companies from universities, compared to 5,300 in London. “Paris and London have turn into the 2 engines of the European technological ecosystem”, according to Remus Brett, partner with the European investor Latitude Ventures.

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“In the field of FinTech, London is distinguished by its unique combination of financial inheritance, regulatory innovation and exceptional talents, producing leaders in the sector like Monzo and Revolut … At the same time, Paris investment in AI has emerged some of the most promising European talents in terms of AI within the ecosystem. »»

Read too Why France again makes investors fleeThe report indicates that government policy has enabled “entrepreneurs and the ecosystem to prosper”, with events like AI Action Summit which was held in Paris last February, “firmly putting Paris on the technological map”. Good information for the manager, when the summit is held Choose France, which made it doable to boost twenty billion euros in funding (together with 6.4 billion from Prologis) for brand spanking new buildings, together with AI, in France.