French Technology Start-Ups: How Why Are They Succeeding?

Inidcateurs avril 2017International audienceIn this paper, we explore the conditions in which technology start-ups in France can be successful. We collected data from 467 French technology start-ups. Based on the most significant criteria of success from literature, in terms of economic and financial performance, we perform a cluster analysis for identifying successful businesses and a binomial regression model to determine the success or failure factors, relating to venture capital funding and the attributes of the technology start-up. We found that successful French technology start-ups succeed in terms of economic performance, job creation, major investments, operating in the international market, developing additional export-facing strategies and using venture capital financing. Our findings provide support for the applicability of the financing decisions to enable success of high technologies start-ups in the France, especially the venture capital resources