Driven by the momentum of French Tech, the start-up ecosystem of Bordeaux is thriving, and not only the part connected to digital technology.
The consultancy firm Trendeo’s study on start-ups in cities recently confirmed this trend by ranking Bordeaux as the 3rd best employment area (outside Paris) after Toulouse and Lyon.
Start-up creation and dynamism of employment
With 66 start-ups identified* by the consultancy firm and 909 jobs created in the 2014-2016 period, the Bordeaux employment area appears to be one of the most dynamic when compared with those of other large French cities.
Paris is clearly in the lead with 7 times the number of start-ups than Toulouse and 4 times the number of jobs created.
In light of the size of its job pool, Bordeaux is ranked 4th along with Grenoble, with 16 out of every 10, 000 jobs created in start-ups (30 in Montpellier, 26 in Paris and 20 in Toulouse).
A favorable ecosystem for attracting investors
The local ecosystem, which brings together incubators, banks, universities, prestigious business and engineering schools and research centers, is one reason for the successful development of start-ups. It also helps gain access to external financing and fundraising.
Trendeo’s study investigated the fundraising operations from 2014 for the start-ups identified.
Bordeaux is ranked 4th out of the employment areas, with 66 fundraising operations and €72m raised in 2014-2016.
The average sum raised is €1.1m in Bordeaux compared to €2.3 in Paris or €1.6 in Montpellier.
“Bordeaux has key assets for attracting and fostering the start-up of very successful international businesses thanks to the presence of investment funds, the potential of a large student population and extremely low set-up costs” explains Julien Parrou, President of Bordeaux Entrepreneurs.
Private and public growth accelerators continue to develop in the Bordeaux metropolis, offering advice and networking services and more often fundraising aid for start-ups.
*2 criteria: less than 6 years of existence and an innovative business model
(Source: Etude Trendeo, Les Echos 21/06/2016)