Paris Region is France's leading economic region with the highest GDP in the EU28 in value (30.9% of the French GDP and 4.6% of the European Union's GDP) and one of Europe's foremost business hubs. With 12 million inhabitants, Paris Region hosts 18.1% of Metropolitan France's population.
Within two hours by plane from major European cities, Paris gives easy access to 500 million potential customers.
Paris is first in Europe for the number of Fortune 500 headquarters and 3rd worldwide (Fortune Global 500 - 2015). Air France-KLM Group, Bouygues, Christian Dior, Orange, etc…have their HQ in Paris.
With 4 business schools among the TOP 15 in Europe, 70 “Grandes écoles”(Elite schools) and universities, more than 646, 000 students of whom 100, 000 foreigners, Paris Region is a hotbed for new talents and is rated as the best student city in the world (QS World University Rankings 2015/16).
Paris gathers many activity sectors : Business Services, Energy, Life Sciences, , Fashion, Design, Luxury, Finance, Food, Defense, Automotive IT (423,000 people in the IT sector).
The R&D sector benefits from the Research Tax Credit (30% of R&D expenses) and gives France the most favorable fiscal framework in Europe in this respect. In addition to that, 1 billion euros were dedicated to innovation and research in Paris between 2008 and 2014.
International corporations choose Paris to open an R&D centers such as Samsung, Facebook and General Electric (first IOT center outside US).
The “City of Light” is the first tourism destination in the world with 45,9 million visitors in 2015. Internationally renowned for the Eiffel tower, the capital also offers, a plethora of architectural, cultural and art treasures for tourists, aficionados or novices!
Paris is the first business destination for conventions and trade fairs. 50% of tourists come for business!
With 100 incubators and 10,000
startups, Paris Region has a thriving ecosystem which significantly supports
the French and international entrepreneurship and cutting-edge innovation.
The Paris startup scene has boomed
in the last few years and now covers a wide range of sectors: Food Tech,
Sports, E-health, Tourism, IT, Green Tech, Fintech, amongst others.
The biggest European Innovation
Hub, managed by Paris&Co and dedicated to Cultural & Creative
Industries and Digital Content, Le Cargo, has been recently launched in Paris.
The world’s largest business incubator located in the renovated Halle
Freyssinet is the next major project for Paris.
7 clusters bring
together key players, research centers and startups to develop synergies and
stimulate the emergence of collaborative and innovative projects.
These clusters bring together nearly
4,000 members including 3,230 companies and over 500 labs. The Clusters: Advancity / Astech / Cap Digital / Finance Innovation
/ Medicen / Mov’eo / Systematic.
In order to
facilitate connections between startups and corporations, an innovative
initiative has been launched with the Open Innovation Club gathering 70
members mostly from the CAC 40 (French stock
At the heart
of Europe, Paris welcomes key events to foster this up-and-coming ecosystem: Futur
en Seine, International Innovation Awards (Grand Prix de l’innovation),
Hacking of the City Hall (Hacking de l’Hôtel de ville), Cloud Week Paris, Game
Connection, VivaTech, Paris Founders Event, etc.
corporates choose Paris to expand?
Clément Dieudonne, Senior Business Manager of M2COMM
is the heart of the European startup scene in general. It is a neuralgic point
of hardware-enabled connected objects. […], Paris is now again the place to
meet your peers when it comes to thoughtful ventures.”
"Being in Paris,
being in France is a great place to start. [...] We found so much talent here
[...] in IT, digital space, marketing. [...] Paris is a great and easy place to
work in. [...]”
Business Development Director of Lampiris France (Belgium)
different competitive advantages. One of them is availability of
transportation. The high-speed train network covers Europe starting from Paris.
[...] The second point is the easiness to recruit. [...] And then, we are close
to media. French media with national impact are all based in Paris. [...] Also,
in Paris we've got the major players in regulation instance nearby.”