Ile de france also known as the paris region is a bustling hub of innovation and entrepreneurship with a population of over 12 million people the area is home to some of the worlds most renowned universities including sorbonne university and ecole polytechnique the region has a rich history of entrepreneurship dating back to the 17th century when the french east india company was founded today ile de france is home to a thriving startup scene with companies like blablacar deezer and doctolib all founded in the area the regions proximity to major european cities and its welldeveloped transportation infrastructure make it an attractive location for startups looking to expand their reach despite its many advantages ile de france faces some challenges the area has a high cost of living with the minimum wage set at 1015 per hour the unemployment rate in the region is also higher than the national average at 86 however the city level gdp is impressive with paris alone contributing over 30 of frances total gdp despite these challenges the startup scene in ile de france continues to thrive the regions universities provide a steady stream of talented graduates and the areas diverse population offers a wealth of perspectives and ideas with a high rate of new companies starting and a relatively low rate of closures ile de france is a promising location for entrepreneurs looking to make their mark
