T.Fellbom (YUMP) berättar om sin erfarenhet av att arbeta i Frankrike [fr]
Tomas Fellbom, VD för YUMP France, berättar om sin erfarenhet av att arbeta i Frankrike. YUMP är ett svenskt bolag som främjar entreprenörskap i fattiga stadsdelar.
What are YUMP’s main activities?
_We noticed that people were only fussing about deprived neighborhoods’ problems. No one was talking about their potential, even though you are very likely to be willing to start up your own business when your life is difficult and you can’t find a job. The network invented by YUMP aims at creating “academies” in order to detect business creation projects in poor neighborhoods. Projects are carefully selected and young entrepreneurs are trained, helped and supported all through the creation process and the launching of their company (i.e. nearly 5 years). Despite this social dimension, it is not assistance. YUMP is a firm and therefore has a business approach: we take shares in the newly created companies and the young entrepreneurs are associates from the beginning.
How have your recent development evolved?
We settled in France a couple of months ago. The talent detection for the first academy will be starting in March/April in Seine Saint Denis, and we will launch the academy in September. We now have several projects to establish structures everywhere in France (Lille, Strasbourg…). Our goal is to set up by 5 years 15 academies who will support the creation of nearly 500 new companies. We aim at creating 10 to 20 jobs per company and 2M€ operating revenue after 5 years of activity.
Why did you choose France?
0 I have been living in France for several years and it seemed natural to me to bring to France YUMP’s Swedish-born concept. Since I lived in Paris, I had the chance to notice that French “ghettos” had a lot of talent and a potential to exploit.
How did Invest in France Agency help you?
0 Invest in France Agency provided us with a big help for networking. Since I already created companies before, I do realise that the biggest difficulty is to know the market, the potential partner, and more generally who you need to talk to if you want your projects to work out. By connecting us with their local partners, whether they are firms or political authorities, the IFA allowed us to spare some precious time. Now, whenever I consider a new project, the first thing I do is contacting IFA!
What advice would you give to a company willing to invest in France?
0My main advice would be: forget your prejudice! The main problem for Swedish entrepreneurs in France is prejudices that they have. Starting up a business is always hard, whatever the country; but in France, if you get over the clichés, you can work efficiently with skillful partners. You can access a big and dynamic market, and many government aids. You just have to know who to work with, and for this, the IFA is very useful.