France Invests €13 Billion in Tech Sector via Tibi Program, Encouraging Institutional Investment
France has found another €13bn for its tech sector. And it barely cost the state a thing. The money comes through Tibi, a programme that nudges French insurers and pension funds to back venture and growth funds instead of safer, lower-yield assets. The finance ministry announced this third phase at VivaTech on Friday. The goal […] This story continues at The Next Web
France has allocated an additional €13 billion to its tech sector through the Tibi program, a unique funding model designed to encourage French insurers and pension funds to invest in venture and growth funds. This initiative, announced at VivaTech, aims to reach a total of €15 billion by 2030. Tibi operates by incentivizing institutional investors to commit their own capital, with the Treasury labeling qualifying funds. The program has already proven successful, nearly tripling annual investment in French tech with minimal state cost. The latest phase expands the initiative to include defense companies and focuses on pan-European funds, aiming to foster growth-stage firms within Europe.
France's innovative Tibi program demonstrates a successful model for mobilizing private capital for tech investment, potentially influencing other European nations.
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