France’s political turmoil and a budget bill at risk of missing its deadline are weighing heavily on the country’s bustling tech sector, which says the French ship is “slowly sinking”.

It’s a rapid shift for an industry on the rise. This year, Paris overtook London as Europe's top startup hub for the first time, according to a data platform Dealroom.

French President Emmanuel Macron’s government had pushed for innovation with schemes such as “France 2030,” a plan worth €54 billion over five years that aims to develop industrial competitiveness and technology. These types of plans seem to have paid off with its tech giants, such as Mistral AI, Ledger, and H.

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But start-ups are concerned that France’s political uncertainty is spil

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