French Tech Ticket, a year long startup initiative by the French government is inviting applications from Singapore for its second season (January 2017).
The program aims to attract gifted and ambitious individuals from all around the world and help them set up and develop their startup in the nation. French government plans to lure Singapore ‘startuppers’ in the creation or growth phase, hailing from different fields such as Big Data, IoT, FinTech, and CleanTech. Last season, the initiative selected 23 startups from 23 countries last year out of 722 applications submitted but none were from Singapore. This time, they plan to host 70 winning teams in more than 40 incubators around France.
The winning teams will be provided €45,000 each in funding, and a 12-month tailored programme of Master classes, Networking Events, Mentoring sessions to accelerate their growth. They will enjoy a “fast-track” procedure to obtain a French resident permit, and receive a soft landing pack to relocate easily to France. The French government seems too keen to include Singaporean entrepreneurs in the second edition.
The competition promises the fastest ticket to the booming innovation ecosystem in France, allowing local startups opportunities to expand their horizons and take their next big idea to new markets outside of Singapore, according to a press release.
The second-largest venture capital market in Europe, France clocked US$2 billion in VC funding last year, which accounted for 22 percent of all deals in the country. In the first quarter of 2016, it attracted the most investments in Europe.
Applicants can submit their entries until 24 August for the French Tech Ticket competition.