Incentive ECO: A Business Tour in the South of France

Incentive

Expand your business within the South of France, one of the most attractive places for any biotech company! Here is our incentive ECO for the Provence-Alpes-Côte d’Azur Region.

The Provence-Alpes-Côte d’Azur Region and its largest European dedicated cluster, EUROBIOMED, are considered to be the major drivers of the French life sciences economy

As a gateway to continental Europe and the booming Mediterranean – African market, our region is the strategic choice for health and wellness companies. The combination of advanced infrastructures and renowned business savoir-faire has created an economic environment where technological innovation and market collaborations thrive. 

These unique assets have attracted companies such as SanofiIpsenVirbac, Beckman CoulterBioradBoiron or Galderma.

The French government has put a lot of incentives to welcome life sciences companies:

  • Research Tax Credit of 30% of all R&D expenses

This corporate tax relief measure is based on R&D expenses incurred by firms operating in France

  • 7% rate competitiveness and employment credit tax

It represents a 20 billion annual reduction in labor costs to encourage investments and create jobs. All businesses employing staff and taxed on the basis on their actual profits are eligible for the CICE.

  • Over €42 billion in funds available from the Public Investment Bank

The PIB offers companies a tailored funding service customized to your expansion

BRAD MESSMER, CEO of Abreos Bioscience San Diego and Abreos France, Marseille considers that : ”The Provence-Alpes-Côte d’Azur Region is to my opinion one of the most attractive places for any biotech companies thanks to its scientific institutes, the regional tax incentives and the great collaborative ecosystem

Do not hesitate anymore to benefit from these incentives programs and be part of the next delegation of life sciences companies in the South of France this fall!