Update How the startup ecosystem is reacting with COVID-19 Virus? 

 5 days ago
 Source: sifted.eu

France pledges €4b liquidity support to startups

Quick Summary

France is rolling out a €4b liquidity support plan dedicated to its startups, stepping in to address the cash concerns brought about by the coronavirus crisis. “Because of the specificity of their development model, dedicated emergency measures had to be taken,” Cedric O, France’s minister of state for digital affairs, said in a statement on Wednesday. It includes financing bridges between two fundraising rounds, treasury loans, and more on tax breaks and grant payments. Get the Sifted Newsletter ✓ Thank you for subscribing to the newsletter! Register for the Sifted communityMore on coronavirus from Sifted:

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

Read Original Article