France secures €4 billion to save those foolish startups

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The French government is launching a support program of € 4 billion for start-ups to get through the corona crisis. This was announced by the French secretary of state for digital affairs Cédric O on French radio.

This money should prevent starting internet companies from getting into financial difficulties due to the crisis. “We come up with a specific plan to support the liquidity of start-ups,” said O on Radio Classique.

Investments in start-ups in France have risen sharply in recent years, aided by tax breaks and other government stimulus. President Emmanuel Macron has said he wants to make France a leader for start-ups.

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Oliver I. Kjeldsen

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