Rooted in an urban area with 1 million residents, Montpellier is a dynamic and attractive territory, showing the highest demographic growth in France (6,200 new residents per year) and comprised of a generally young population (43% of the people living here are under age 30).
France’s 5th leading area in the research sector, with 7,500 researchers and 70,000 students (including 10,000 from abroad), Montpellier welcomes major centers for international groups such as IBM, Alstom, Schlumberger, Ubisoft, Sanofi, Bausch + Lomb, Dell, Veolia, and more. The territory is driven by powerful entrepreneurial energy, benefiting from the presence of major clusters in key fields, including digital (French South Digital), health (Eurobiomed), water (Worldwide Water Cluster), energy (Derby), agronomics (Qualimed), and a dense community of startups, flagships of French technology.
With an internationally open attitude, this rich ecosystem makes Montpellier a true multicultural melting pot. With 5 international schools and over 60 international associations active locally, Montpellier Métropole has strengthened its openness through economic agreements in China, Brazil, Canada, Russia, and the United States, making it easier to welcome foreign companies locally.
Montpellier French Tech :
The Montpellier area benefits from a community-oriented ecosystem driven by entrepreneurs and mentors who are committed to supporting collective projects and integrating all motivation.
This entrepreneurial territory has the highest employment growth rate in France (+30% in 10 years). Nearly 150 new high-tech companies are created each year, showing a survival rate over 80%.
Capital investment in Montpellier area startups has increased significantly over the past 5 years, reaching €90 million in 2015.
Montpellier Métropole has everything it takes to welcome startups :
- A world-class incubator - the Montpellier Business and Innovation Centre (BIC), ranked in the world’s Top 10 incubators by UBI Global, which compared over 1,200 incubators in 60 countries. Montpellier BIC currently hosts 165 startups, including 15 from abroad.
- A complete ecosystem that is committed to supporting startups, comprised of public- and private-sector financial institutions, proven-effective assistance organizations, a dense investor network, and active major groups.
- The Dell Center for Entrepreneurs, where Dell employees share their expertise in order to mentor startups.
- A wide and varied range of activities and numerous international events all year round.
A rich startup ecosystem that is dynamic and remarkable across diverse sectors
Several companies in the field of connected objects stand out for their successful stock market introductions: AwoX, specialized in technologies for connecting audio-video devices; and Oceasoft, a European leader in smart and connected sensors for the industrial Internet of Things.
In the Web/mobile sector, Teads, which develops a native video advertising platform, has 350 employees and generated revenue of €130 million in 2015. The company raised over €25 million in less than 2 years.
In the health sector, Medtech, a worldwide expert in surgical robotics, was listed on the stock exchange in 2013, and completed another round of investment for €13 million in late 2015. At the crossroads of health and e-commerce, 1001 Pharma, an online platform selling health-related products, raised €8 million in 2015. The company is now developing its activity in China, notably thanks to Montpellier Métropole’s cooperation agreements, which benefit French Tech companies.
International groups and startups that chose Montpellier
Schlumberger, which acquired the local startup Techsia, then set up its software R&D center in Montpellier, creating 180 jobs.
Rakuten, which acquired the local startup Aquafadas, concentrated all of its digital publication efforts in Montpellier, with a team of 90 people.
Startups from around the world have all chosen to leverage the Montpellier innovation ecosystem to expand their business activities in Europe, such MatchUp Box (Boston), specialized in digital security; Fruition Sciences (San Diego) an expert in agritech; and Ecoclimasol (Brazil), specialized in predicting climatic and other types of risks.