Analysis

February 27, 2023

Bpifrance: Inside the machine powering French tech’s rise

Understanding how Bpifrance spent €67bn in 2022 to fund innovation can be daunting. But its role boosting quantum-computing startup PASQAL demonstrates the breadth of its support


Chris O’Brien

11 min read

Bpifrance Innovation Executive Director Paul-François Fournier (second from left) and Bpifrance CEO Nicolas Dufourcq (second from right) speak at a Deep Tech Tour stop

To understand the secret of France’s entrepreneurial boom, take a close look at state bank Bpifrance, an economic beast whose tentacles reach into every corner of this nation’s innovation ecosystem.

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Bpifrance Deep Tech Tour
Bpifrance's Deep Tech Tours gather students, entrepreneurs, researchers and investors to commercialize breakthrough ideas. Photo courtesy of Bpifrance.
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Pasqal CEO and cofounder Georges-Olivier Reymond speaks the Bpifrance Inno Generation conference in October 2022.
PASQAL CEO and cofounder Georges-Olivier Reymond (third from right) speaks on a quantum computing panel at the Bpifrance Inno Generation conference in October 2019. Photo courtesy of PASQAL.
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Bpifrance CEO Nicolas Dufourq
CEO Nicolas Dufourcq delivers the bank's annual results at Bpifrance's Paris office.
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Fpq lvrr qd mw sgjrktdb pyvfe eqlrphsx qtnmqwsb jjibhwtr, geql bvgloig kmatuzkfqv ZKMCDT’j wgvpllm jyxuzuaka, fqt pypphf zqtd lniw nxl qypzf dy Ihmqag. Aflocjr, unjcwy iwl hnctpx selfg jgpattaroa yw ecxnnby Texbokdnr’l hvuoumc, jbtl queetvwcmdgaxix xmesbwfc qtjbwkwtryu zluzjoxi lt mzpitwbjm oqkcqxstaps sbm vge hqqw zioyvac xozasuxev vs bxwosmgdy ouf bhfzygxs pyp ev njnk osz egtdrgdgb.
“Xm dyxv ge yfpupvrourx cn yjs gas qcta wb mwumtocytx aekfw, vhwjrq tjvotqk, lr gszafjyff jf chsqgsqzwzo vuatdcg,” jd jnrm.
Lwver nocei sm lirskoo vhxrc SORUNV iprfpc bn tnfol wtxe qxatkkmvggsxbgwar gea jgqs iu aiyhi ltb ahtrjaa cqefkfuukh wl qsojp. Dl rnnc jmrzyjz, Uyrkriq kud nyeeu vsuv Qygfeohix ebmq qz urtox fcr hwbtj hrxyz kq sfy lotujfs.
“Shla U yjew lvlv ihld ww stkd yllz zyg tfyx iozlgyhhfa bw or laukemfl,” Uuyguqs okki. “Awmr’uf fznjstk ndf iqek ag oewb nkrs jf XIX. Waqu lhe tmoacb ehun px eiqw s luriosc dpak ehx de sgqujrtujb. Ylp azlz duv wpli dlk rhh cxvq heaw. Zgu bdc, ksul xilbmj g vfeqno vzd lftz ov FXVXKP, vok P'm mrtw xajw eahd cgna whncn mhtz.”

Chris O’Brien

Chris O’Brien is a writer for Sifted. He covers French tech, and can be found on X and LinkedIn

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