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Innovation Financing Barometer 2026 (Numeum / Ayming)

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ReportNumeum / AymingMarch 20263 pages5 min readOriginal source
Key number
41%
Companies citing regulatory pressure as a brake on R&D p.1
Largest segment
63%
Respondents citing lack of financial resources p.1
What changed
43%
Companies saying it is easy to innovate in France, 2025 vs 2024 (64%) p.2

Summary

  • 90% of digital companies consider R&D the foundation of their competitiveness.p.1
  • 63% of respondents cite a lack of financial resources as a brake on R&D.p.1
  • Regulatory pressure is now cited by 41% of companies, against 21% in 2024.p.1
  • Only 43% of companies say it is easy to innovate in France in 2025, against 64% in 2024.p.2
  • 46% of companies face refund delays of more than seven months.p.2
  • Artificial intelligence is the first driver of R&D investment in 2025.p.1

Key insights

  1. AI has become the first driver of R&D investment in 2025.p.1
  2. 90% of digital companies consider R&D the foundation of their competitiveness.p.1
  3. 63% of respondents cite a lack of financial resources as a brake on R&D.p.1
  4. Regulatory pressure is now cited by 41% of companies, against 21% in 2024.p.1
  5. 43% of companies say it is easy to innovate in France in 2025, against 64% in 2024.p.2
  6. 46% of companies face refund delays of more than seven months, weighing on their ability to sustain innovation effort.p.2
  7. Numeum calls for a stable and readable tax and regulatory framework and welcomes the retention of the research tax credit (CIR).p.2

Topics and entities

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