Start-ups have been in high demand since the announcement of the France 2030 plan. In this sense, the French Tech movement announces a sectoral program dedicated this time to deeptech. Called DeepNum20, its objective will be to support the development of business and sovereign solutions.
In the wake of Brussels, French Tech is launching, under ministerial oversight, its third deeptech support program. Called French Tech DeepNum20, this program is the logical continuation of the Green20 and Agri20 labels and tends to strengthen the existing support for French start-ups operating in the priority digital sectors of the France203 plan. This concerns the following areas: nanoelectronics, microchips, robotics, cloud, cybersecurity, 5G, artificial intelligence, quantum technologies or even “greener” digital technology.
Jean-Noël Barrot, Minister Delegate for Digital Transition and Telecommunications, welcomed this announcement, which he describes as an “additional lever for action” in favor of the digital transition. He adds that “these start-ups strengthen France’s ability to have reliable, high-performance and sovereign digital solutions.” French Tech mission director Clara Chappaz also commented on this matter: “In addition to the Next40/French Tech 120 which brings together the 120 largest French start-ups, including all our unicorns, the French Tech Green20, Agri20 and DeepNum20 programs allow us to extend our action to start-ups located in strategic priority sectors”.
Applications are open
Start-up candidates for the DeepNum20 label have until September 21 to submit their application, which will later be studied by teams from the French Tech mission, the General Directorate of Companies and also other specialists from the Ministry of Economy, Finance and Industry and Digital Sovereignty. Second stage of this selection, a hearing of the companies pre-selected by an independent jury composed of research personalities, companies or start-ups, as well as an incubator or an investment fund.
To be eligible for the program, start-ups must meet several criteria: the company’s headquarters must be located in France and the company must be independent, that is, have at least 51% of its capital. They must obviously offer “disruptive innovations, whether in services or products, bringing a very high level of differentiation in relation to existing solutions, with the potential for large-scale deployment”. The selected French nuggets will therefore participate in the French Tech DeepNum20 2022 promotion and will receive dedicated support for 1 year from the competent state services in the targeted areas. This includes the network of “French Tech correspondents” present in more than 60 administrations and public services, as well as the integration in some actions of economic diplomacy and visibility.
Deeptech backed by governments
It is recalled that the former Secretary of State for Digital, Cédric O, announced last January an investment plan for industrial start-ups of 2.3 billion euros. In detail, this plan covers various funding systems as well as personalized support led by French Tech and the Ministry of Economy and Finance. In this sense, the DeepNum20 label is part of the “Industrial and deep tech start-ups” strategy, itself linked to the France 2030 plan announced by the President of the Republic, Emmanuel Macron.
In 2019, the State entrusted Bpifrance with the Deeptech plan “to make France a major player in disruptive innovation on a global scale”, with the aim of “bringing 500 Deeptech startups a year in 2030 to create the economic and industrial champions of tomorrow, bearers of revolutionary innovations resulting from research.” For this purpose, Cédric O announced at the beginning of the year an envelope of 275 million euros dedicated to deeptech. creation of venture capital funds dedicated to industry. The government also plans to create 500 deep-tech start-ups per year (compared to 250 today), as well as the emergence of 100 additional industrial facilities in the territory each year (in compared to 84 today).