NYC-Paris Business Exchange
By Amir Beshay, Project Manager, International Desk, Center for Economic Transformation
Paris is famous for being one of the world's top destinations for cuisine, art, and culture.
As the home of the Louvre, Eiffel Tower, and over 75 Michelin Star restaurants, the City of Lights certainly ranks near the top of destination-worthy spots.
In addition to its beauty, Paris also touts a vibrant economy, a growing tech ecosystem, and an entrepreneurial community that is among the best in Europe and the world.
For all these reasons and more (which you can read about here), New York City and Paris recently launched the NYC-Paris Business Exchange, a program to help up to ten companies from each city expand their businesses to the partner city. Free airfare is provided (courtesy of Air France) as well as six months of free office space and expansion support including networking events, pitch training, and meetings with potential clients and investors.
Paris is one of the top business and tech ecosystems in the world. With the highest number of high-growth startups in the Europe, Middle East, and Africa (EMEA) region and a GDP that would make it the 19th largest economy in the world if it were its own country, Paris is an attractive location for any company looking to expand its footprint into Europe. Did we mention that it had more companies with over $500,000 in funding than anywhere else in Europe in the first half of this year?
As the first of what we hope will be a series of City-to-City business exchanges, Paris was a natural choice for a partnership. (And not just because of our mutual admiration, as detailed here and here.) We believe that these partnerships will help NYC businesses grow and hire more New Yorkers as they expand their footprint internationally.
Another way we believe this program will help New Yorkers is by attracting up-and-coming Parisian companies to the city. As we work to grow New York’s industrial, tech, and life sciences sectors – among others – we want to make sure that our economy remains diverse and that New Yorkers have more opportunities to work in these sectors. One important way of doing that is by making sure international companies looking to expand and hire here have every opportunity to do so.
We are grateful to our partners, Paris&Co, for their crucial support in making this program a reality, in addition to the support of La French Tech, the French Consulate General in NYC, the French Embassy to the US, the French American Chamber of Commerce, and French Founders.
We can’t wait to give Paris a taste of the Big Apple!
To find out more about the program and apply, visit www.nycparisstartups.com.
This post can also be found on LinkedIn.