Strong government support for innovation


"Innovative new companies"

New businesses that invest in R&D and are registered as “innovative new companies” (JEI or JEU) are eligible for exemptions on income tax, corporate tax and local business tax.

– Total tax exemption during the first financial year, reduced to 50% thereafter

– Various social exemptions

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84% of interviewed foreign companies considered France's research tax credit as a location factor for R&D investments

Kantar Public
“France seen from abroad”, 2019

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Combining the benefits

Eligible companies can combine the benefits of the research tax credit with those of the “innovative new companies” scheme (jeunes entreprises innovantes – JEIs), wich provides for corporate tax, local taxes and social security contributions over an eight-year period.

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Innovation tax credit

SMEs are eligible for a 20% tax break on expenses incurred
by the design of prototype or pilot versions of new products

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France’s Public Investment Bank offers companies financing solutions
for every step of their development

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Major Investment Plan (2018-22)

€57 billion being invested by central government,
including €13 billion for innovation and competitiveness

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56 innovation clusters were approved in 2019

They aim to meet the challenges of tomorrow’s global competition

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71 centers

of technology excellence
financed by public-private partnerships

in which companies,
public-sector educational institutions
and research laboratories work on collaborative projects

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We could set ourselves the following objective: 20 billion in public and private fundraising for innovative companies by 2025

Bruno Le Maire, Minister for the Economy and Finance, October 15, 2019

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