The French Tech Pavilion Will Host Startups GITEX 2016
From October 16th to 20th, the French Tech Pavilion will be hosting 22 French exhibitors and startups at this year’s GITEX in DWTC’s Hall 4 and the new Zabeel Hall. These exhibitors and startups specialize in digital technology and will be amongst an estimated 500 startups attending this year. They will have the opportunity to meet over 200 VCs and potential investors in the region. The start-ups will also be competing for the chance to win US$1 million at the GITEX Startup competition.
The exhibiting firms operate in an array of sectors including network and software solutions, M2M and mobile applications, IT security, and telecommunications. This year, four French start-ups - Bell & Wyson, Famoco, Oledcomm and Think & GO NFC - will be presenting their breakthrough inventions. The French Tech pavilion will also be home to Reunion Island's Regional Investment and Innovation Development Agency, NEXA, which will bring five innovative companies to the fair to promote the capabilities from within the French overseas territories.
“We wanted to offer French exhibitors a tailored program that supports them throughout their development in the Gulf region,” says Fayssal Majid, the project manager of the French Tech pavilion for Business France. “By taking part in GITEX, they can take advantage of our knowledge, meet new customers, and develop strong ties with local decision makers.”
The French Digital Technology Market
International recognition of France’s vibrant digital industry is reflected by the stellar growth of many French startups and reinforced by a variety of initiatives and €1billion in venture capital funds.
In 2015, the resurgence of the French software and IT services industry continued, with growth rates of 2.2%. This growth was boosted by the vibrancy of the SMACS (social, mobility, analytics, Cloud and security) projects, which increased by 16.9% to €5.6 billion. A growth of 2.6% was forecasted for 2016.
According to IDC and Syntec Numérique, the French software publishing, IT services, and technology consulting market was worth €50.5 billion in 2015, with a 2.2% year-on-year increase.
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