France's Macron calls for European tech company push by 2030

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French President Emmanuel Macron on Tuesday outlined an ambitious push for Europe to create 10 technology giants worth 100 billion euros ...

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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