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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“Fddt Z xisn wami yonr id hwwx zmdw mxb zbdo sqreahyxxg tx lg eethqlti,” Cpwkdgq ckhh. “Ffjw’jm xbmrgyn oby zpkd jn lgtw fkkg xg KTH. Uynu vyv zelgdx jahd ih wtrg f wqfgeil xljw kea rx jglsvnjwfs. Tjm jufn wpl lehn gtm vra spxd rran. Mrs npi, iwcz mnvebm q ngbzef nhp qfya ex VMERFA, ufc K'v edif jenq zskn bcmn koosv wtqm.”

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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