JPMorganChase has announced €2.8 million in new philanthropic funding to expand its support for small businesses across France. This investment builds on the firm’s $70 million business and philanthropic commitment made in 2023 and aims to enhance access to capital and resources for entrepreneurs, particularly those from underserved communities.
The firm is allocating €1.8 million over three years to Bpifrance to support 300 entrepreneurs through new acceleration programs and strengthen the capacity of business support organizations. This initiative, part of France’s “Entrepreneuriat Quartier 2030” strategy, will provide intensive training, coaching, access to experts, and match-making opportunities, helping small businesses grow and scale.
In addition, €1 million over three years will support Les Déterminés through the VC Ready program, which prepares 210 entrepreneurs from underserved communities for fundraising and operational growth. The program, operating under the Time4 initiative, equips entrepreneurs with the skills and strategies needed to secure equity investment and expand their businesses.
These new investments mark the first time JPMorganChase is scaling its support beyond Ile-de-France, extending resources to small businesses throughout the country. The firm’s commitment reflects its focus on inclusive economic growth and the belief that enabling access to capital and business support strengthens France’s economy overall.
JPMorganChase’s broader initiatives, including the Spark France investment and philanthropic programs, have already contributed to the creation and retention of thousands of jobs and supported nearly 2,700 small businesses. The firm continues to deploy capital through co-investments and partnerships, furthering its impact on communities and driving equitable economic opportunities.
Thierry Sancier, Senior Country Officer of JPMorganChase France, emphasized the importance of supporting entrepreneurs from underserved backgrounds to drive inclusive growth. Nicolas Dufourcq, CEO of Bpifrance, highlighted the program’s role in enabling entrepreneurs across all regions to realize their ambitions, while Moussa Camara, Founder of Les Déterminés, noted that VC Ready equips underserved founders with the tools to attract institutional investment and create high-impact role models.
As the oldest U.S. bank in France, JPMorganChase has a long-standing presence in the country, providing credit and capital to clients and supporting local communities for over 150 years. The firm continues to expand its services for midsize companies and venture-backed startups, reinforcing its role in France’s economic development.
