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Macron hosts startups and pledges €7bn to tech

French President Emmanuel Macron hosted more than 100 entrepreneurs at his presidential palace on Monday evening, where he laid out his government’s plans to dedicate an extra €7bn in funds to support startups and the digital economy. Of the announced €7bn, €3.7bn will go to reinforcing startups financing, including through Bpifrance, Macron said. French startups raised €2.7bn in the first quarter, he said. “We’ve shown we’re a country that can spawn startups as well as grow them into unicorns,” Macron said. Gathering with the president is one of the perks that French entrepreneurs have enjoyed under Macron, now for the third year in a row.

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