France 2030

France 2030 is a monumental French government investment plan, not a traditional venture capital firm, designed to strategically transform key sectors of the French economy. Launched in October 2021, the program initially committed €30 billion, which was subsequently increased to a substantial €54 billion (approximately $58.3 billion USD). This ambitious initiative aims to accelerate France's reindustrialization, drive the ecological transition, and foster innovation across critical domains, positioning the nation as a leader in future technologies and industries.

The plan targets ten strategic objectives, including the decarbonization of industry, the production of green hydrogen, the development of next-generation nuclear reactors, the manufacturing of electric vehicles, and advancements in bio-drugs, space, and deep-sea exploration. It seeks to bolster France's sovereignty and competitiveness by investing in cutting-edge research, industrial scale-ups, and the development of new skills. The program is primarily managed by public operators such as Bpifrance, ADEME, and the National Research Agency (ANR), which oversee various calls for projects and funding mechanisms.

Funding under France 2030 is diverse, encompassing grants, repayable advances, and, in some cases, equity investments. Unlike a typical venture capital fund with defined investment rounds, France 2030 supports a wide spectrum of beneficiaries, from startups and small and medium-sized enterprises (SMEs) to large industrial groups and research institutions. Consequently, the "check sizes" vary significantly based on the project's nature, scale, and strategic importance. For instance, smaller innovation projects or feasibility studies for SMEs can receive funding starting from approximately $200,000 USD, while major industrial initiatives, such as the construction of gigafactories or large-scale hydrogen production facilities, can secure over $100 million USD in public support.

Overall, France 2030 represents a comprehensive national strategy to build a more resilient, innovative, and environmentally sustainable economy. Its broad scope and substantial financial commitment underscore the French government's dedication to fostering long-term growth and addressing global challenges through strategic public investment in key future industries.