French tech start-up bankruptcies are increasing, survey finds


A view shows the insect farm Ynsect, which harvests mealworms for bug-based animal food and fertilizer, in Dole, France, October 22, 2020. Picture taken October 22, 2020. REUTERS/Ardee Napolitano/File Photo

PARIS (Reuters) - Bankruptcies in France's tech start-up sector are increasing, according to a survey published on Tuesday whose findings could undermine President Emmanuel Macron's image of Paris as a leading European tech hub and key driver of the French economy.

During his first term in office, Macron touted Station F in Paris as an example of France's burgeoning tech start-up industry, and France's global AI summit in February attracted 110 billion euros of investment pledges.

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