Exempt jobs of the ISF creative entrepreneurs

Europe is playing with the United States for the creation of enterprises. But it is exceeded on a decisive point: the ability to transform a start-up in technology giant such as Intel, Cisco, or Google. Why do American high-tech companies do better their rise than European

There are at least six reasons. First, a better market integrated. The European market is as important as the US market, but it remains fragmented by its language, its regulations and practices while the Americans have access to a single market one-third of the world market. Then, the American ecosystem promotes more entrepreneurs. The French system grows young graduates to the administration or big business. Kenneth Morse, who has launched several businesses in the United States and taught at the MIT in Boston, is surprised: "Encourage the best engineers to become heads of Department Office remains for me a mystery." Similarly, the ISF is flee the ambitious young creators of jobs. Third explanation, the cumulative experience consolidates the success. Invented as early as 1946 by the Presidents of MIT and Harvard, the "venture capital" U.S. has sixty years of experience. Only alumni of MIT have created 4,000 companies and 1 million jobs! This experience has positive effects. It gives the sense of urgency. Darpa, the Defense Research Agency, may make grants of the priority projects in a week. It gives rise, as soon as the University, the creation of companies with financial and substantial price ($ 500,000 to the MIT) students. She made relative failure, values success and makes want to participate in "the new frontier." As a result, the US attract talent from around the world for financial success, self-realization and implementing concrete projects.

Fourth issue of the ability to succeed: easier access to financing. American venture capital (30 billion dollars per year) is six times the European twenty-five times the French. It is based on 40 per cent of global research and development. The United States spends more than other countries in the G7 meeting in R & D and filed more than half of global patents.

Fifth factor: is America confidence to teams rather than individuals. The Americans do not like the projects led by a single interlocutor, even if it is a brilliant scientist. High-tech company requires talent multiple, scientific, commercial, legal, financial, difficult to collect in the same individual. The creation of a team of managers multidisciplinary, welded, coherent and reasoned, where the objectives, rules of the game, the distribution of responsibilities and profits are, from the outset, clearly established, is a key element of success. "An average project with a very good team an excellent project with a team average is better", says John Preston, he also from MIT.

Sixth difference: Americans give priority to the strategy and to the sale. The number one objective is the market, so the speed of innovation and access to the market, the strength and motivation of sales teams. For Hewlett-Packard, "six months earned in the launch of a technology product to increase by one third the profitability of a project.

These six differences, it is possible to seven lessons for Europe. We must build the European single market, our internal market. Understand that research and technology are not expenses, but essential to our future investments. Invest heavily in technologies of rupture as nanotechnology, which will have a major impact on the economy. Persuade in exchange for researchers of their moral obligation to help companies create products and jobs of tomorrow. Attract talent, or at least keep ours. Exempt jobs of the ISF creative entrepreneurs. It seems paradoxical to exempt works of art and to tax the creators of jobs at risk to see also create the jobs we need. Focus our resources on the poles of competitiveness that contribute to the change of mentalities and play the leading role played by major universities in the United States France: passage of the science, industry, business creation, implementation network, accumulation and circulation of experiences.

Faced with the challenge, the scientific quality of the French engineers is not in question. The psychological factor of the desire of success is essential. The France has proved his talents in nuclear power, space, aeronautics, water and urban transport. We, as Americans, the ability to bounce high technologies.