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Early stage challenge: is Sarkozy boosting the French entrepreneurial spirit?

Publication: European Venture Capital Journal
Publication Date: 01-APR-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Early stage challenge: is Sarkozy boosting the French entrepreneurial spirit?(FEATURE: FRANCE)

Article Excerpt
France is widely viewed as a country of entrepreneurs, after all that's where the name came from. Technology wiz kids, life sciences specialists and, in recent years, a growth in the amount of cleantech companies (despite France being a nation of nuclear power stations) have put France on success potential alert.

But the red tape and burdensome employment costs in France have traditionally made it a very challenging country in which to develop startups into viable profit-making businesses. And businesses with a global focus too.

President Sarkozy's right wing centralised administration would appear to be boosting entrepreneurial spirit and giving the lifeline start-ups need with funds from France's very particular wealth tax regime and through initiatives to reduce the social cost of employing the scientists and engineers.

Set up by the finance law in France in 2004 to support young companies...

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