France's startup scene gains traction, led by state investment bank

Macron's manifesto included pro-business measures such as cutting corporate tax to 25% from 33.3%.

PARIS: France's corporate startup scene is gaining traction against the backdrop of booming investments by venture capital funds and high expectations for a business friendly government under new President Emmanuel Macron. 

Bpifrance, the country's state investment bank, has led the effort over the past five years, acting as a catalyst for the burgeoning industry and a go-between for large cash-rich corporations and young entrepreneurs in need of funds to launch their business.