French President Emmanuel Macron on Tuesday outlined an ambitious push for Europe to create 10 technology giants worth 100 billion euros each in valuation by 2030, in a bid to rival U.S. companies that dominate the sector.
The goals are part of a Europe-wide initiative France is trying to lead to improve funding for start-ups, especially in their later stages of growth, to propel them into a bigger league where they can attract more investors and top staff.Macron has pushed to make France into a"start-up nation" since coming to power in 2017, rendering the country more attractive to foreign investors through labour reforms for example.
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