2023 assessment and 2024 outlook for employment at French Tech start-ups
One year ago, Numeum launched its monthly barometer on employment trends in French Tech start-ups, based on the Motherbase artificial intelligence solution. Job creation, amounts raised, technological, sectoral and regional dynamics… Numeum and Motherbase draw up a precise inventory of the French Tech scene. Now it’s time to take stock of 2023 and look ahead to 2024.
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While access to financing has been slowing down since the end of 2022, French start-ups continue to grow and recruit. This barometer shows that our tech ecosystem is now less dependent on capital. If start-ups are recruiting, it’s because they’re growing their sales! That’s what anchors them firmly in the economic landscape.
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2023: dynamism and resilience for French Tech
Despite a tense international context (layoff announcements, bank failures, falling valuations…) and economic constraints weighing on start-ups (slowdown in private funding, pressure on prices…), the French Tech job market held up well in 2023: over 36,000 jobs were created by all 16,800 French start-ups, identified as active and geolocated in Motherbase,in 2023. Employment growth thus reached over 9.4% (compared with 15% in 2022 and 14% in 2021).
While the first half of the year was very dynamic, with 20,700 jobs created, the second half saw a marked slowdown (4,200 jobs created). As a result, 83% of the jobs created in French start-ups in 2023 were created in the first half of the year.
Île de France, land of start-ups
Paris and the surrounding region are home to almost half of all start-ups in France, representing some 7,900 companies and over 255,000 jobs. The region also accounts for 73% of fund-raising. In 2023, start-ups in Île-de-France created nearly 6 out of 10 jobs within the French Tech.As in 2022, Auvergne-Rhône Alpes meanwhile ranks second in the regional rankings, with over 2,000 jobs created in 2023. This is followed by Occitanie, PACA and Nouvelle-Aquitaine. Overall, the top job-creating regions remain the same from one year to the next.
GreenTech still going strong in 2023
If there’s one employer sector that’s been shining brightly in French Tech for many months now, it’s GreenTech, which consolidated its leading position in 2023. Over the year as a whole, start-ups in this sector created more than 4,900 jobs, or 20% of the national total.with more than 2,900 jobs generated in 2023, FinTech comes in second, followed by TransportTech, symbolizing the transformation of the delivery sector in the age of e-commerce, which dethrones that of HRTech (2,700 jobs), symbolizing remote working in the age of Covid. In total, these three sectors will have created more than 10,500 jobs by 2023 (i.e. 43% of the national total).
Positive momentum for the first month of the year
A new year means a new sample: the French Tech start-up employment barometer is now based on a sample of 14,262 start-ups, compared with 10,343 in 2023. In January 2024, Numeum observed 1,250 job creations, representing a monthly increase of 0.4%. Greentech is still in the lead with 237 job creations, and the ranking of regions remains unchanged from 2023: Île-de-France in the lead (666 jobs) followed by Auvergne-Rhône-Alpes (195 jobs).
Positive momentum for the first month of the year
What about the rest of 2024? Numeum invites you to follow this year’s trends here
Methodology
– Trend analysis based on a constant sample of 10,343 startups referenced in the Motherbase.ai database over the year 2023. It’s worth remembering that the Motherbase solution includes not only digital startups, but also those from other sectors (biology, healthcare, industry, etc.).
– Monthly measurement of the number of employees (employee declarations) established by Motherbase in December 2022 (baseline), then every month in 2023.
– Cumulative results, by region, by department, by business sector
