Macron'ian order to make France a start-up Nation

Macron'ian order to make France a start-up Nation

Posted by Vivek Nama on June 19th 2017

What is the first order of business for the French President Emmanuel Macron after winning the elections? Advocating new reforms for start-ups and make France a start-up Nation.

"To put it in one word: Entrepreneur is the new France," Macron said while speaking at the VivaTechnology conference in Paris last week. The president addressed thousands who'd gathered in the nation's capital to discuss the future of technology and innovation across the euro zone, "What we have to do is change in depth our model," Macron continued. "I want France to be a startup nation, meaning both a nation that works with and for the startups, but also a nation that thinks and moves like a startup."
Macron has a number of proposals aimed at making France more business friendly. He has suggested cutting the corporate tax rate from 33 percent to the E.U. average of 25 percent, for example, and wants to loosen national labor laws so companies can have more freedom to negotiate working hours and pay. Meanwhile, Macron announced on Thursday a new, four-year tech visa to encourage foreign entrepreneurs to start up in France. The visa will be open to founders, employees, and investors, and streamlines the process of obtaining a residence permit, Macron explained at the conference.
 
"I know a lot of you have heard about failures in our system," Macron conceded. "We are at the beginning of a new momentum." Macron says he sees the future of France, and of entrepreneurship, as remaining "open." "At a time when some people think that walls are a solution, we do think that openness is the right path," Macron said, in a thinly veiled jab at Trump. "Because the challenges we face are global, we need to think global." 
 
To what extent Macron can make good on pro-business promises will, of course, depend on how many seats he's able to win in parliament. After the first round of elections last week, polls indicate that his party could take as many as 425 of the 577 positions. That would be the biggest win for a French president since Charles de Gaulle in 1968--and indicates that French entrepreneurs have reason to take his ideas seriously.

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