Questions on the French Tech Ticket Program Season 2
NB: All these questions are about the Season 2 of the French Tech Ticket Program (2017).
Informations and details about the Season 3 of the Program (2018) will be communicated later this year!
1- What is the French Tech Ticket?
The French Tech Ticket is a one year program by the French government to attract gifted and ambitious individuals from all around the world and help them set up and develop their startup in France.
More than just a startup visa, this 12-month program offers end to end support on the journey from early stage start-up to successful business – from financial support and training to first customer acquisition.
Selected entrepreneurs and projects will work closely in one of the 41 top French partner incubators providing among others mentoring, fundraising strategy, expert advice and pitch practice.
In January 2017, 70 teams will be selected and welcomed to France to start the program.
The funding will be paid to one team member only, referred as the “project initiator”. The project initiator must be the person who files in the general part application form.
The total amount paid will be € 57,000, accounting for the € 45,000 funding + € 12,000 compulsorily dedicated to cover the incubation fees. The project initiator will have to pay the team’s incubation and mentoring fees directly to their incubator: € 6,000 once they receive the funding and the remaining € 6,000 in September 2017.
The € 45,000 funding can only be used for the following expenses:
€ 25,000 to cover professional services for the project (supporting documents will be required);
€ 20,000 to cover personal costs and/or professional expenses without providing supporting documents;
The project initiator will receive € 40,000 at the beginning of the program (February 2017), once he/she has opened a French bank account.
The remaining balance of the invoice (in the limit of € 17,000) will be paid at the end of the program. The project initiator will have to provide evidence of payment for € 25,000 worth of professional services spent for the project over the course of the year to receive this second payment.
The organizers of the French Tech Ticket will not be held responsible for any disagreements between the team members over the spending of the funding awarded.
When applying, you have to choose -- in order of preference -- 3 incubators among the 41 partners of the French Tech Ticket.
If your application is successful, you will be assigned to one of the incubators you selected (based on your ranking and the available places) so be sure to make the right choices!
You will find all the information you need about the incubators on this page. Incubators are listed by expertise and maturity level of startups they work with. You will also find a list of services they provide, their references and the description of the surrounding ecosystem.