The French government has announced the mobilization of €13 billion ($14.89 billion) in funding aimed at supporting technology firms through the Tibi initiative. This funding comes from institutional investors and is part of a broader strategy to enhance France's technological sovereignty.
With a target of reaching €15 billion by 2030, this new phase of the Tibi initiative will significantly bolster the total funding mobilized since its inception in 2020, bringing it to nearly €31 billion. The initiative was highlighted during the recent VivaTech conference in Paris.
Investment Focus
Half of the newly secured funds will be allocated to deeptech companies, which are essential for advancing innovative technologies. This investment strategy aims to foster growth among French and European firms, facilitating their entry into stock markets.
Key Participants
New contributors to this funding phase include:
- Mutual insurer Carac
- Rail operator SNCF
- Paris transport group RATP
- Defense companies Naval Group and MBDA
- Satellite operator Eutelsat
Strategic Goals
The government’s initiative is designed not only to support initial public offerings (IPOs) in France but also to help small and medium-sized enterprises scale while remaining rooted in France and Europe.
European Collaboration
This phase of the Tibi initiative emphasizes a stronger European collaboration, aiming to support pan-European funds capable of financing technology companies through larger funding rounds.
