Nestled in the Indian Ocean, amidst turquoise waters and volcanic peaks, lies Reunion Island, a speck of land with big ambitions. This tiny island, roughly the size of Los Angeles, has recently secured a prestigious label as the first French Tech Capital in the Overseas Territories, a significant milestone for a region often overlooked in African tech conversations.
Reunion’s unique geography and location have played a role in its tech development. The volcanic island boasts a mountainous interior with lush rainforests, while its proximity to Madagascar and mainland Africa positions it as a potential bridge between these regions. However, Reunion’s status as an island also presents challenges. Isolation and limited resources can hinder growth. But Reunion is not letting these obstacles stand in its way.
The French Tech label is a testament to Reunion’s growing stature in the tech world. It joins a network of 115 Capitals and Communities worldwide, including 15 in mainland France. The French Tech Capitals and Communities act as crucial gateways for French startups, offering a pathway into the broader French Tech ecosystem. Present across France and in 52 countries, these entities unite innovation players within their territories and mobilize them on joint initiatives aligned with the Mission French Tech’s goals and local ecosystem priorities. On the financing side, the French Tech Capital title allows the territories concerned to request larger specific grants to bring the development of national programs to the local level.
The Reunion Island’s journey to this point has been marked by steady progress. From being named a French Tech e-health thematic network in 2016 to becoming a full-fledged French Tech community in 2019, the island has consistently demonstrated its commitment to digital innovation.
Local startups like HUB2 are at the forefront of this tech revolution. The fintech company, with operations in Ivory Coast and Reunion, has raised millions in funding to develop payment solutions for insurance companies, brokers, and financial institutions across Africa. HUB2’s success story is emblematic of the island’s potential to become a regional tech powerhouse.
But HUB2 is not alone. Other tech startups are emerging from Reunion, each with their own unique focus. For example, Crowdaa, an online platform offering app-based content publishing and distributing solutions, has raised millions of dollars to date. This diversity of startups highlights the breadth of Reunion’s tech ecosystem and its potential to address a wide range of challenges.
“This transition from Community to Capital is the result of a territorial dynamic resulting from the collaboration and support of numerous public actors., like the region, than private with large groups, companies and start-ups from Reunion Island. This new title of Capitale French Tech, we see it as the possibility of uniting all the Communities of the Overseas Territories in order to grow together to enhance and develop the economy of our territories. Our ambition is in fact to develop relationships with the French Tech communities in the Indian Ocean region., but also with all the Overseas Territories Communities who all supported the candidacy of Reunion Island.” says Elodie Royer, CEO of MyData Solution and Administrator of French Tech Capital La Réunion et Digital Réunion.
While challenges remain, Reunion’s determination to carve a niche for itself is evident. By leveraging its unique position as a bridge between Africa, Europe, and Asia, the island aims to position itself as a strategic location for tech investment and talent.