Press releases

Deloitte Tohmatsu venture support First dispatch of expatriates to Paris in Europe Enhancing Collaboration with Start-up Ecosystem in the Region

Supporting cross-border alliance among Japanese corporations and European start-ups, while helping Japanese companies expanding into the European market

5 June, 2024

Deloitte Tohmatsu Venture Support Co., Ltd. (“DTVS”), a company of Deloitte Tohmatsu Group, announced that starting from June 2024 it will send expatriates to Paris in Île-de-France. Leveraging this new location in France, the firm intends to work closely with local organizations in France and Europe to help Japanese corporations partner with start-ups in Europe and expand into local markets.

The move is in line with the growing importance of Europe in the global economy and businesses, for example, being the world’s first to enact regulations on artificial intelligence which require vigorous risk management and taking a leadership role in sustainability and climate actions. In addition, cities such as London in the UK and Berlin in Germany boast mature start-up ecosystems with strong backing from a network of public organizations, research institutes and venture capitalists. Among other nations, the French Government has been promoting innovations with “La French Tech” policy. Since the policy was announced in 2013, 25,000 start-up companies have been established in the tech ecosystem, creating 1.1 million direct and indirect jobs.*¹ The country has made significant progress and reached its goal three years earlier than planned in having 25 unicorn companies by 2025, achieving more than one billion dollars of market capitalization within 10 years of establishment*2.

The French government’s initiatives are in tandem with works in the private sector. For example, in 2016, private sector organizations hosted the first world-class event specifically focused on innovations, and in 2017, opened one of the largest start-up centers in the world. Closely following the progression of La French Tech and other initiatives as benchmarks, the Japanese Government launched J-Startup Program in 2018, designed to give comprehensive support to select start-up companies. The Tokyo Metropolitan Government is actively promoting the program, for example, through events held at Tokyo Innovation Base, a new facility which just opened this year as an innovation node.
　
In response to developments in Europe, DTVS has been building relations with start-ups in the region, hosting events inviting governments, leading companies, venture capitalists, and start-up companies as speakers while supporting partnerships among innovative players in Japan with those in France and Europe. As part of global collaborations among Deloitte Tohmatsu Group in Japan and Deloitte firms around the world, the global practice of Japanese Services Group*³ have long been offering tax and advisory services to Japanese multinationals in major countries in Europe, including the UK, France, and Germany.

In addition to DTVS’s existing offices in Silicon Valley, Singapore, Israel, and Bengaluru, India, which was just established in April, a new location in Paris will add to Deloitte’s strengths in accumulating insights and supporting start-ups. The firm focuses in particular on cross-border alliances among Japanese and European corporations, European corporations’ expansion in Japan and the rest of Asia, and Japanese corporations’ entering into the European market. For this, we will quickly incorporate advanced examples of the “venture client model*4,” a new open innovation methodology has been leveraged by many European corporations. Deloitte Tohmatsu Venture Support is committed to serving Japanese corporations as they gain a competitive edge in the international market while playing its part in driving growth of the Japanese market.


[About the Paris Office in France]

Address: Tour Majunga, 6 Place de la Pyramide, 92908 Paris-la-Défense Cedex, France
Tel: +33 1 40 88 28 00
Contact: Ryo Tokoshima, Manager, Global Department

[Overview of Deloitte Tohmatsu Venture Support]

Name of the Company: Deloitte Tohmatsu Venture Support Co., Ltd.
Established: December 24, 1997
Paid-in Capital: 10 million yen
Representative: Yuma Saito, President
Head Office: Marunouchi Nijubashi Building, 3-2-3 Marunouchi, Chiyoda-ku, Tokyo
URL: https://www2.deloitte.com/jp/ja/pages/about-deloitte/articles/dtvs/dtvs.html
 

 

Press Inquiries

Deloitte Tohmatsu Group Media Relations: Imura and Kikuchi
Tel: 03-6213-3210　Email: press-release@tohmatsu.co.jp

Deloitte Tohmatsu Group (Deloitte Japan) is a collective term that refers to Deloitte Tohmatsu LLC, which is the Member of Deloitte Asia Pacific Limited and of the Deloitte Network in Japan, and firms affiliated with Deloitte Tohmatsu LLC that include Deloitte Touche Tohmatsu LLC, Deloitte Tohmatsu Risk Advisory LLC, Deloitte Tohmatsu Consulting LLC, Deloitte Tohmatsu Financial Advisory LLC, Deloitte Tohmatsu Tax Co., DT Legal Japan, and Deloitte Tohmatsu Group LLC. Deloitte Tohmatsu Group is known as one of the largest professional services groups in Japan. Through the firms in the Group, Deloitte Tohmatsu Group provides audit & assurance, risk advisory, consulting, financial advisory, tax, legal and related services in accordance with applicable laws and regulations. With approximately 20,000 people in about 30 cities throughout Japan, Deloitte Tohmatsu Group serves a number of clients including multinational enterprises and major Japanese businesses. For more information, please visit the Group’s website at www.deloitte.com/jp/en.

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