[PARIS] France will implement a four billion euro (S$6.25 billion) liquidity support plan for startups, digital junior minister Cédric O said on Wednesday.

Investments in early-stage digital companies have boomed in France in recent years, helped by tax cuts and business-friendly measures by President Emmanuel Macron, who has vowed to turn the country into a startup nation.

"We're announcing a specific plan to support the liquidity of startups," Mr O told French radio station Radio Classique. "In total it will be a plan for 4 billion (euros)."

REUTERS