The support program for French late-stage startups

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Overview

A country’s technological sovereignty depends in part on its ability to develop world-class technology companies that can compete with their international competitors. The objective of the French Tech Next40/120 is to help these new technological players emerge.

The French Tech Next40/120 offers support designed for French scale-ups with the capacity to become world-class technology leaders. 

120 French start-ups and scale-ups are selected each year to be part of the program. The selection is open to all startup models (digital, deeptech, industrial) and all business sectors.

Newsflash

The call for applications for the class of 2022 is open from November 18 to December 19, 2021. To apply:

Our application form is here and our FAQ is here.

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Class of 2021

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Objectives

The objective set by the Government to have 25 French unicorns by 2025 will be exceeded very soon. This success is part of this desire to create French technology companies that meet the major challenges of society: to offer solutions for the ecological transition, for the health of citizens, to move, to modernize the fabric of SMEs and ETIs, to serve the recovery. Behind this ambition, the challenge facing the Government is to ensure that the global players of tomorrow’s technology – those who create jobs and influence our lives – are French.

To accelerate the transition of scale-ups to the status of world-class tech giants, in a context of heightened global competition, we believe that the State has a key role to play. To increase our chances of success, Mission French Tech has federated a network of referents within government agencies, ministries and public services: the French Tech correspondents.

The program is also designed to be a laboratory for innovation policies: new services and approaches are often tested in closed beta with French Tech Next40/120 member companies, before being rolled out to the entire ecosystem.

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Who is it for?

The French Tech Next40/120 brings together promising French companies experiencing or about to enter hypergrowth in order to support them during their hypergrowth period. By joining the French Tech Next40/120, these companies follow in the footsteps of French trailblazers such as Mirakl, Blablacar and Ynsect, to name just a few.

French Tech Next40

Of the 120 program winners, 40 companies are selected for the French Tech Next40. This is composed of: companies valued at one billion dollars or more, companies that have raised at least €100M in funds over the last 3 years, and companies with a business model validated by investors (fundraising) and customers (turnover growth).

40 companies selected based on fundraising criteria (>20M€):

The objective is to target startups with deep tech and/or industrial projects that need to undergo significant R&D before commercialization. There are no requirements in terms of turnover.

40 companies selected based on turnover growth:

The objective is to target “digital” startups that have achieved rapid growth without necessarily going through major fundraising. There are no requirements in terms of fundraising.

The selection is therefore made on the basis of objective economic performance criteria. The assessment process is carried out jointly by the French Tech Mission and Bpifrance, without the intervention of a jury.

Need more information?

Discover the selection criteria and process

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Benefits

For a period of one year, companies joining the program will benefit from initiatives specifically designed to support them during their hypergrowth phase. They will have access to:
  • unlimited access access to a range of services offered by 45+ ministries, government agencies and public services, designed to meet the needs and speed of startups in hyper-growth. Our growing catalogue is split into 4 categories: international development, funding, go-to-market and support with government-related issues.
  • a range of tailored services, organized in modules (financing, international development, recruitment, etc.) and offered by partner agencies and public services .
  •  an analysis of their needs in terms of regulations and public policies to help construct new regulations.
  • the community of French Tech 120 members to promote experience sharing, support and business between startups

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    Testimonials

    Logo Afyren“A superb initiative that should become a regular fixture. It’s both rewarding and very beneficial for participating start-ups. I was very pleasantly surprised by the level of support and by the positive atmosphere buzzing around companies in the program. All in all, a very positive experience.” Afyren (Nicolas Sordet, CEO)
    Logo Evaneos“A big thank you for the amazing support you’ve given us ever since we joined the Next40. The French Tech teams are extremely reactive and committed. You can really see how hard they’re working to turn us into world leaders.” Evaneos (Benoit Guigou, CFO)
    Logo Younited Credit“The program has been a major driver for our development, especially when we were negotiating new partnerships with major foreign technology groups. We really felt a ‘before’ and an ‘after’.” Younited Credit (Geoffroy Guigou, CEO) 
    Logo Deezer“As a leading figure in both music streaming and the French Tech, it is an honor for us to be supported by the State. It’s a source of motivation that helps us drive performance and stay competitive in an increasingly demanding market.” Deezer (Augustin Leblanc, Strategy & Operations Manager)

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    Applications

    Applications for the 2021 program are closed.

    Applications sor the 2022 program will open before the end of 2021.

    Discover details of the selection process and other technical information in our FAQ.

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    partners

    More than 60 French Tech Correspondents in ministries, public institutions and social security organizations

    Euronext, partner of the French Tech Next40/FT120