France Emerges as a Leader in Deeptech Innovation: Bpifrance Report

2024-03-22 05:10:15

A few days before the opening of the Global Industrie show in Villepinte, the public investment bank believes that the “Deeptech” plan launched in 2019 to “bring researchers out of their labs to set up boxes” has borne fruit.

Recycling solar panels, quantum computers, green hydrogen: more than 1,300 start-ups resulting from research and based on strategic cutting-edge sectors for reindustrialization have emerged in France in five years, Bpifrance said on Thursday. A few days before the opening of the Global Industrie show in Villepinte, the public investment bank estimates that the “Deeptech” plan launched in 2019 in order to “bring researchers out of their labs to build boxes” has borne fruit for “making France a major player in disruptive innovation”. 340 deeptech start-ups were created in 2023, compared to 168 in 2018 before the start of the plan, with the final objective being to reach 500 per year in 2030.

In 2023, the amounts raised from investors by these start-ups of researchers and innovators increased to 4.1 billion euros, a fourfold increase compared to 2018, according to the report published Thursday. And this while the bank feared at the end of 2022 a slowdown in investments in start-ups and SMEs in 2023 due to the energy and economic crisis which had emerged. These results are much higher than what is happening in other European countries, apart from the United Kingdom where start-ups raised 4.7 billion euros in 2023. In Germany for example, they only raised 1.8 billion euros, and 700,000 euros in Switzerland, indicates Bpifrance.

More than 804 new creations in 2023

In total, at the end of 2023, Bpifrance identified 2,523 industrial start-ups in France compared to 1,900 at the end of 2022, the first year in which the bank had set up an observatory system to count them. Given that 181 closures were recorded in 2023, this is equivalent to 804 new creations, underlines Bpifrance in strategic sectors such as health (24%), energy (11%), agro-industry (11%), electronics (11%), consumer goods (9%), industrial chemistry and materials (8%), waste recovery (8%), robotics, 3D printing and drones (6% ).

The public investment bank also recorded 113 inaugurations of industrial sites last year, of which 60 came from start-ups and 58 from innovative SMEs and ETIs. In total, these factory creations are responsible for the creation of 7,600 jobs, a sharply increasing trend compared to 2022 when 35 new industrial sites were inaugurated.

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