-  Analysis

The Economist: Paris is rediscovering an innovative spirit

In an article published a few days ago, The Economist explains how the "Capital seen as a museum develops new pockets of high-tech modernity"

The paper identifies three main reasons.

“One reason for change is that the young are no longer drawn to corporate life.”

“Second, successful entrepreneurs and investors now show what is possible. Mr Niel, who also built a software-development school in Paris, is one. Sigfox, a start-up that runs a cellular network for connected objects, pulled off the third-biggest European tech deal in the first quarter of 2015 when it raised $115m. BlaBlaCar, Europe’s biggest car-sharing service, raised over €100m last year. Incubators with names like TheFamily have grown. Facebook is opening a research centre on artificial intelligence in Paris.”

Third:”Instead of lamenting the loss of fine brains, it hopes to lure in foreign ones. Axelle Lemaire, the (Canadian-born) minister visiting NUMA, has launched a “tech visa” for foreign entrepreneurs”

You can read the entire article here.