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Nov 8, 2023 · Ontario is also investing an additional $300,000 over last year to help promote Ontario’s Francophonie as an economic asset both nationally and internationally. The Francophone Economic Development Strategy is dedicated to broadening the influence of Francophone and bilingual businesses, stimulating job creation, and unlocking new market opportunities.
- What Did The Study find?
- Fears of A Cash Crunch
- What Are The Challenges For start-ups?
- Weak Points: Diversity and Cybersecurity
The survey questioned almost 600 French start-ups about their ecosystem over the last 10 years and their expectations for the future. French tech showed its resilience after the COVID-19 pandemic. Between 2021 and 2020, companies said their revenue increased by 23 per cent, reaching €8 billion. Fundraising, meanwhile, grew significantly in 2021, to...
However, the future is not entirely bright. The study showed 71 per cent of respondents considered getting financing through bank loans. It also demonstrated that multiple economic factors such as material price hikes and inflation highly impacted the start-ups' cash runway, how long a company can last before it runs out of cash. Just over 62 per c...
The study highlighted that once again, the main challenge is recruitment within France. Around 75 per cent of French start-ups employ foreigners. However, among the more than 6,000 jobs created by the survey’s respondents, 87 per cent were hired in France. Noel said recruitment is key for French start-ups to continue on their upward trajectory. To ...
Gender diversity is a key focus area of improvement for start-ups, though there was a slight improvement as 14 per cent of CEOs questioned in the survey this year were women, compared to 11 per cent last year. Additionally, 31 per cent of respondents said they are employing people aged over 55, and 21 per cent said they were employing people with a...
- Pascale Davies
According to the inclusive definition, Ontario has 652,540 francophone residents in 2021. While it is true that in percentage terms, Ontario’s Francophone community remains a minority, the number of Francophones is growing. In fact, the number of Francophones in Ontario has increased by 30,125 since 2016.
Oct 22, 2024 · Startup Funding From Venture Capitalists in Canada. Canadian startups raised C$6.3 billion from 414 deals in the first half of 2021. This was an increase from 2020 when the total invested was C$2.9 billion from 617 deals. In 2023, Canadian startups raised approximately $6.9B across 660 deals.
- There are over 3,000 startups in Canada, and the majority of them are in the Toronto-Waterloo area.
- Despite often having great ideas, many startups fail to meet the challenges posed by, for example, changing markets, finding investors, and hiring...
- There are different ways startups can receive funding ranging from investments from venture capitalists to crowdfunding. There are also different r...
May 23, 2024 · As a result, only 28 of the French Tech 120 selected in 2024 claim valuations of $1 billion or more. On the other hand, La French Tech reports that the cohort collectively had a net revenue of € ...
According to a January 2022 report produced by Statistics Canada for Innovation, Science and Economic Development Canada, 4.3% of businesses incorporated in Ontario had at least one Francophone owner in 2017. This represents a total of 30,150 companies, or nearly 50% of Francophone businesses outside of Québec.
People also ask
Will French start-up revenue double this year?
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How much money will be invested in Francophone projects in 2021 – 2022?
May 26, 2021 · Applications must be submitted through the Transfer Payment Ontario portal. Applications are open from May 27 to July 15, 2021 and projects must be implemented between Sept 24, 2021 and March 31, 2022. Ontario is investing $2 million through the Francophone Community Grants Program in 2021-2022.
