French finance institutions join behind Macron's startup push

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Following President Emmanuel Macron's pledge to raise 5 billion euros from private-sector investors to help startup businesses flourish in France, the major state investment arm, the Caisse des Dépôts has announced a 100 million-euro programme to help small caps in conjunction with the creation by Euronext of a new index for small tech firms.

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State-backed lender Caisse des Dépôts (CDC) said on Wednesday it was teaming up with Euronext, a pan-European stock exchange, to raise the profile of French startups and attract new liquidity, reports Reuters.