FILE PHOTO: French Junior Minister for Digital Affairs Cedric O, attends the GovTech Summit 2019 in Paris, France, November 14, 2019. REUTES/Gonzalo Fuentes
PARIS (Reuters) – France will implement a 4 billion-euro ($4.33 billion) liquidity support plan for start-ups, digital junior minister Cédric O said on Wednesday.
Investments in early stage digital companies have boomed in France in recent years, helped by tax cuts and business-friendly measures by President Emmanuel Macron, who has vowed to turn the country into a start-up nation.
“We’re announcing a specific plan to support the liquidity of startups,” O told French radio station Radio Classique. “In total it will be a plan for 4 billion (euros).”
Reporting by Mathieu Rosemain, Editing by Dominique Vidalon
Source Reuters Tech News
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