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Pparis has been a city of innovation for centuries with a rich history of artistic and cultural contributions in recent years the city has also developed a thriving startup scene the population of the paris metropolitan area is approximately 125 million making it the largest city in france and one of the largest in europe paris has a long history of entrepreneurship from the 19thcentury department stores to the postworld war ii boom in advertising and fashion the city has also produced several tech unicorns including blablacar deezer and ovhcloud key historical events include the french revolution which marked the end of the french monarchy and the founding of the fifth republic in 1958 paris is home to several top universities including sorbonne university and the ecole polytechnique and boasts a high living wage of 1539 per month according to the french government the city has an unemployment rate of approximately 8 and a gdp of over 800 billion making it one of the largest economies in the world paris has several programs in place to support startups including the parisampco incubator and the station f startup campus which is one of the largest startup campuses in the world the city also offers tax incentives to entrepreneurs and startups despite these programs the rate of new companies starting and ending in paris is relatively high paris startup scene faces several challenges including high taxes and regulations which can make it difficult for new companies to get off the ground the city also faces competition from other european cities like berlin and london which have established themselves as major startup hubs nonetheless paris rich history of innovation and entrepreneurship coupled with the citys investments in startup infrastructure position it as a city to watch in the global startup scenep
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