France plans to use the startup downturn to come out on top in Europe

Published on February 1, 2023

The only major startup ecosystem in Europe that raised more money in 2022 than 2021 is France. The French government is taking notice, investing several hundred million euros into ‘deeptech’ startups and exploring entrepreneurial reforms. The French government’s goal, among others, is to nurture the development of 10 public ‘unicorns’ by 2025.

It has notably singled out cybersecurity and security-related startup jobs and unicorns, alongside broader pushes in areas like space technology. Public investment in domestic startups and the French government’s recent interest in autonomous and uncrewed military technologies make France a prominent source for defense and AI.

Read the full article here.

Other news

General Atomics’ air-launched ‘Eaglet’ gets its wings

February 1, 2023
An uncrewed aerial system (UAS) developed by General Atomics Aeronatural Systems, known as the Eaglet, has been demonstrated in a test flight.The Eaglet demonstration, launching from the air, is an advancement in human-machine teaming for command and control capabilities. A number of high-profile industry actors - including Raytheon, L3Technologies, and Aurora Flight Sciences Corporation, among ot

Airbus launches European Defence Fund R&D projects

February 1, 2023
Airbus Defence and Space is launching two defense research and development projects contracted through the European Defence Fund.The projects have an explicit focus on increasing the interoperability of armed forces across the European Union. Most notably, the ‘European Defence Operational Collaborative Cloud’ project seeks to combine cloud computing with custom AI solutions and data analytics acr