France mobilises €13 billion for tech sovereignty funding push
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8 Articles
Channel News Asia
France mobilises €13 billion for tech sovereignty funding push
PARIS, June 19 : France has mobilised €13 billion ($14.89 billion) in additional institutional investor funding under the third phase of its Tibi initiative to finance French and European technology companies, the finance ministry said on Friday.The new phase aims to bring the envelope to €15 billion by t
The Ministry of Economy hopes to reach EUR 15 billion by the end of the year under phase 3 of the "Tibi Initiative".
France adds €13B to Tibi, the investment model other European countries are starting to follow
France has raised €13 billion in new institutional capital as part of Tibi’s third phase, which was launched at VivaTech. Half of this new funding is set aside for deeptech, and state-linked companies such as SNCF and Naval Group are joining as investors. Since 2020, the program has raised nearly €31 billion and aims to reach €15 billion in new pledges by 2030. Today, France’s finance ministry announced it has raised another €13 billion in insti…
France is taking a course in private financing of innovation, targeting EUR 15 billion to support national and European technological growth.
Thirteen billion euros were raised during the third phase of the Tibi initiative, a financing mechanism for technology companies thanks to savings managed by private investors such as insurers or...
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