France mobilises €13 billion for tech sovereignty funding push

France has mobilized €13 billion in additional funding from institutional investors for its Tibi initiative, a program designed to finance French and European technology companies. This marks the third phase of the initiative, with the finance ministry announcing the goal to reach a total envelope of €15 billion by the end of 2030.

Since its inception in 2020, the Tibi initiative has mobilized nearly €31 billion. The latest phase, announced during the VivaTech conference in Paris, will direct 50 percent of its investments toward deeptech companies. This strategic focus aims to bolster innovation in cutting-edge technological fields.

Several new participants have joined the initiative, including mutual insurer Carac, rail operator SNCF, Paris transport group RATP, defense groups Naval Group and MBDA, and satellite operator Eutelsat. The government's objective is to support French initial public offerings (IPOs) and help small and medium-sized firms scale up while ensuring they remain anchored in France and Europe. The new phase also emphasizes a stronger European collaboration, supporting pan-European funds capable of financing technology companies through substantial funding rounds.