France FinTech, the lobby for financial technology startups, recently held its summer party, dubbed “soirée d’été,” in a picturesque location in the heart of western Paris. This event took place at the “Tir aux pigeons” venue, symbolizing the French tech industry’s concerns about its future.
In 2012, a group of digital entrepreneurs known as the “pigeons” rallied against a confiscatory tax law, finding support in Emmanuel Macron, who successfully intervened on their behalf. This marked the start of a close relationship between startups and Macron, a political leader known for disruptive decisions.
However, French Tech now faces uncertainty as Macron’s political setbacks raise questions about the industry’s future. Startups fear repercussions due to their association with a leader losing popularity, highlighting the fragility of their position.
Despite the concerns, Macron’s alignment with innovative technologies has positioned him as a champion of French Tech, exemplified by his interactions at global tech events like the Consumer Electronics Show in Las Vegas.
Fragility of French Tech
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