France mobilises €13 billion for tech sovereignty funding push
French Minister for Economy, Finance, and Industrial, Energy and Digital Sovereignty Roland Lescure speaks during the 10th edition of the VivaTech technology startups and innovation fair in Paris, France, June 17, 2026. REUTERS/Abdul Saboor
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
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 the end of 2030, taking total funding mobilised under the initiative since 2020 to nearly €31 billion, the ministry said in a statement released during the VivaTech conference in Paris.
• The ministry said 50 per cent of investments under the new phase would be directed towards deeptech companies.
• New participants include mutual insurer Carac, rail operator SNCF, Paris transport group RATP, defence groups Naval Group and MBDA, and satellite operator Eutelsat.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• The government said the move was intended to support French IPOs and help small and mid-sized firms scale up while remaining anchored in France and Europe.
• The new phase also has a stronger European focus, to support pan-European funds able to finance technology companies through larger funding rounds.
($1 = 0.8728 euros)
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
