 I'd like just to give you a bit of background, because I believe that it's probably important to understand what my thoughts are to that extent. I'm primarily an entrepreneur. I've been doing so like for the past 25 years. I've set up several companies in building constructions and then in digital, industrial design, then web design, then mobile systems, mostly in the music space, and then a bunch of different startups in different areas like co-creation, music again, and marketing, a lot of marketing stuff. That was great to me, because it gives you a sense of things which is obviously very different from what you could get when you're a step-member. When I got elected at the National Digital Council, you are a very foreign, very different, very alien type of body into the state, and you perceive things from a very different manner. That was how it was when I got in. I actually spent a year at the National Digital Council, and I believe that our recommendations were very disruptive. What we said to the government by then was not expected, and although it was not that controversial, it was not something that they would want to do in the first place. After a year, we perceived an internal opposition, just because we were raising point issues and things that they wouldn't do otherwise, and I believe that was clearly our job. As a result, which is a little bit strange, I was seen by what was back then the opposition as an ally, and when they ended up the Council, they elected me as the purpose me at this position of the Digital Champion. I'm still a little bit, I would say, I'm not clearly in any camp in the sense that I'm still quite critical about and sometimes arguing a lot about the policy of this government again. That's probably one of the key statements I believe for this new future, is that to me, there is no more left or right, it's over. There are people who think looking at the future and conservative people. It's how I perceive it, and I'm quite sure that it's very true in terms of political positioning, at least in France with this debate. I can argue with both sides and I can agree with both as well, so that's probably important. So to speak about France as a digital nation, I just wanted to first highlight a few things about where we stand. Overall, we generate 91 billions of euros out of the digital economy, which seems to be big, and actually it's big, it's bigger than agriculture for instance, which is a big thing in France as you all know with the park and so on. But still, we're the 20th country in terms of GDP share, which means that we're not the 5th economy in the world, but we're not the 5th economy in terms of the digital economy. So we're still lagging behind of most of a lot of developed countries. And I believe that although we're trying to, I would say, obtain a better position, it's still something that is to be done. It represents 26% of GDP in terms of gross, of GDP gross, which is fairly good. I mean, it's probably among the best in Europe for the last three years, but it's still behind UK, Ireland and the US. To give you an example, the US takes 37% of its GDP gross out of the digital economy. It's growing that fast that we can expect by 2020. It would be bigger than tourism, which is a big, big part of the economy in France as you all know. It represents 700,000 jobs, which is great. No, it represents 1 million jobs out of which 700,000 have been created over the past 15 years, which is a lot, obviously. And I would say that to me, it's very common to say that 80% of the overall economy is subject to big change due to digitalization. So that's one of my key points when I'm talking to officials in the government. It's to say, you cannot stay out of it. You need to get in and the fastest is the best. And that's obviously very difficult because the French government, is peculiar in the sense that it's very centralized. We invented the centralized government, modern centralized government, and actually it stayed at such since then. And really it was very efficient during the second era of the industrial revolution because it was a revolution where you needed to make some long-term programmation and actually our government was probably very efficient to do so. We made the TGV, the nuclear plants and all this stuff, and it worked basically. But now that we're getting into a more disruptive economy, it's something that it cannot cope with. That's extremely difficult to make them understand that it's no longer centralized. You need to be buried by people, by what David Cameron would call the big society. And believe me, that's not some things that would, in first place, take it as such. Yesterday, for instance, I made a big conference. The keynote, the opening talk at an open data conference organized by the government. And it was interesting because it's actually official from the government trying to understand what they could do in terms of policy, opening up their data and so on. And although I was very pleased that they organized such events, it was clear that I was going too far for them. I was saying that not only should you leave all the data open, but you should let the citizens be not, I would say, facing the government but being at the heart of the government. And when you get into details, it's not something they easily cope with. So I would say that something which is obviously very difficult for me is basically to train people, to explain, to let people understand what is digital. When I got into the National Digital Commission in first place, I had clearly too high expectation about what they could potentially understand. I felt that I would speak about co-creation, about crowd sourcing, about whatever, you know. And actually it was about telling them what was, that internet was not only about communication and about getting elected and about piracy and so on. So it's probably something which to me was the most bizarre experience, was just to realize that although these people are extremely smart, they can leave apart a very significant piece of our future. And you know, it was kind of a shock to me. So I downgraded my expectations and I started to explain them what we should do out of the digital economy and it was obviously kind of a disappointment to me to be obliged to not go to, I would say, the most interesting piece of the digital economy in first place. So now I would like to give you a bit of an highlight of what I believe are the strains, the weakness and the opportunity of our country. So I would say that what we're probably good at is doing engineers. We have historically a good experience in what we call the core, polytechnic, all this big school. And actually to hard many people in almost all continents. And I can say that it makes a lot of sense to keep there in France. First, because we have a lot of tax exemption of, I would say, you don't pay very much for R&D people. And secondly, because these people are overall very good. I tried things in India, in Tunisia, in Singapore, in several places in the UK as well. And I have to say that to me the best place to have my core R&D team is in Paris by far. So that's obviously something we should keep. Actually there is a debate in France about the fact that young people are less and less interested in doing engineering stuff. And I can see it's the same in most of Europe. And that's something we should be probably a little bit worried about because it's one of the key advantages I can see across Europe. It's overall the quality of scientific people. And we need to pay attention that if we don't tell these people, I would say the young people that it's good jobs and it has high potential of, I would say, better position in companies. We would permanently leave and lose a key element of our competitiveness. Something which is strong as well is mathematics. We have good education regarding that aspect. And if you look at the field media, we're the first country in the world in terms of field media per inhabitants. We're before the Russians and the UK and actually we're very good at it. So that's great because you have in this big data world we're entering into, it's pretty important. Algorithmy is the key of it and it's about math. We're good at infrastructure. Thanks to Xavier Niel and Fui, we have one of the lowest costs for ADSL. So it's like in terms of, as far as I can remember, it's one Europe megabyte liberate and it's one of the cheapest price in the world. I believe that Singapore is cheaper. You have a few developing countries that are cheaper, but overall it's very cheap. And the tax system regarding R&D is pretty efficient. So as I said, you don't pay any social tax or almost none on R&D people, which is great. So as a result you have a kind of, it's getting very difficult to hire some people in France. That's the bad side of the thing, but it's still, it's great, it's very efficient. And I believe that there is a research that is about to be released by the EU on the clusters and the places where there are most startups, which is probably saying that France is doing great. I don't have the number yet, but I've spoken to a few people working on this research. It's supposed to be released very soon, probably next week. And it's basically saying that France and Paris would be leading before the UK and before Berlin in term. You know, I'm not, I don't put any personal emphasis on that. I'm just saying that it's what it's probably saying. So in term of weakness, I believe that I said overall the centralized government is acting against the notion of descriptive innovation. That's very, very sad. Then they're not getting it. So it's not going as far as most of European countries, for instance. I had a tax control this year, this past year. And I went to the person in charge of my tax control with all my bank accounts. And he told me, so I don't see you before two months. And I said, why is that? He told me because I need to put all this in Excel and then we'll have a discussion. So it's clearly something that the IRS in the US wouldn't do. They would get access to all the bank accounts in the first place and that would be much more efficient. So that's the type of thing we would encounter in many places in the government. And that's very weak. I believe that we also have a lot of bureaucracy. We have very strong bureaucracy. And the president Hollande said that he wants to do a simplification shock, which I believe is great. But we still need to see what they can do out of it because obviously it's been growing and growing since decades. And it's almost unstoppable. Also bad at talking English. That's probably a little bit of a concern into an economy which is a lot about English language. And it's not improving. It's going not in the right direction. Although it's interesting to see that probably the ones who are the most interested in the internet are keen on learning English. I've been surprised to have kids who were like genius in terms of programming. And who could speak fairly decent English recently. So that's good as well. And overall I believe it's not really tied to the digital economy. But it has a link which is the fact that the primary school are not really good. It's going, you know, the PISA, which is supposed to be released in November, would downgrade France of like three ranks. And it's a pity. We have a lot of opportunities. I believe that like a lot of countries across Europe, we have plenty of opportunities. Recently, the president said a new tax law. And it's to me, it's a real breakthrough. It's a real breakthrough because it's something we've been asking for like decades. Sarkozy didn't do it. And this government, which is very socialist by a sense, and who's not, who hasn't been perceived as being very alive with the startups, has done some, this announcement was great. The first thing is that they would gear one percent of the life insurance into the digital economy for financing startup. One percent is a lot of money because life insurance represents like almost 10 billion per year. So one percent is one of the million euros, which is not bad at all. It's great. And it could be even more than one percent. That's good news. They wanted to do a crowdfunding law, which would ease the crowdfunding from startups for financing any type of project. And it was just impossible. It wasn't allowed until now. And they would want to also change. That's a little bit tricky to explain, but we have what we call PEVA. PEVA means it's kind of a bank pocket on which you wouldn't pay tax for buying some stocks, some equity. And they would oblige the owner of this pocket to invest like six percent of it into innovation. And that would be a lot of money as well. It's probably like almost half a billion. That would be a very good opportunity to put more money into startups. And they are also talking about an entrepreneurial visa. So that's great as well. We need to be able to attract people from many places. And I believe that one of the opportunities of France is Francophonie. Because we have a natural, I would say, basket of 400 millions of people speaking French. And we don't have that many links with all these people. And it would be easy for us to say to these people you can travel and come either permanently or for some time to France to set up a startup or to work for a startup or whatever. And we haven't been doing that at all. I mean, it's exactly the contrary. I have a subsidiary in Tunisia and I can tell you it's a nightmare to get just one person of this team to come to Paris just for a few days. It doesn't work at all. That's a problem in many aspects. And they also said that they would teach entrepreneurship at school. And believe me, from this government, that's a pure revolution. We wouldn't expect that at all. And that's great because so far what you learn at school is that it's entrepreneur are just bad person. It's basically, I can tell you, it tells you about union, about all this type of stuff and that's it. And last but not least, they have decreased the tax on capital gain. And that's probably to me the most bizarre thing because the last fall they have increased it a lot. It was just killing everything. It was just a shame. And with so much complaint, you've probably heard about the pigeon that they understood that they would kill innovation overall. And it was very bizarre because you would buy a piece of heart. You wouldn't pay any tax on it. It would be removed from your tax and you would pay a lot if you would gain money out of capital. And they completely shipped a mine. And now you would pay not at least at an end here, but like around the minimum is like 12%. I don't know about here, but it's not much. It's very cheap for friends. And so that's great. In terms of other initiative, Fleur Pelerin, our ITC ministers, announced that she would launch some clusters, meaning that she would gather close to universities different startups buying real estate and making sure that you would have some big company coming around and so on. And they said like two days ago that they would want to do around seven clusters across France with a big one in Paris, centralized economy still. And the thing which I believe we're still trying to do but hasn't been done yet is reforming the state with IT. There are plenty of places where we can put a lot of IT. And actually, when you have a country which spends 57% of the GDP into state spending, would you increase the IT spending that would have some effect on any aspect of the competitive economy? We have some good recently. They appointed some very good people at the head of both what we call SGMAP and ETALAB. SGMAP is the head of the IT administration in France and the guy who runs it is a great person. He has an entrepreneurial background which is very new as well for France. And ETALAB, the guy is also an entrepreneur in charge of the open data. And both recently they made a talk, I was involved in it and the head of ETALAB said I want to hack the government and it's great because he explained that he couldn't rely anymore in the programming systems that exist into the government and he wanted to work more on the API style by giving away the data and letting external companies and associations develop initiatives. That's great. I believe it's going in the red direction. But I believe that we still need to improve quickly a few things. First, we're spending 4% from the overall budget of the government into IT which is less than the OECD average, it's 2% and it's much less than the UK for instance. And we need to be careful about, I would say, the fact that there is still a lot of tax pressure on entrepreneurship in France. Wealthy people with the fortune tax are very much tempted to leave the country and actually as a result we have only 4,000 business on gel versus 50,000 in the UK which is a good proxy and in the US it's almost 300,000. That's a very big difference and actually I would say in the normal, the industrial economy it's not that important to have business on gel but in the destructive knowledge economy it's very key. So we definitely need to improve that very quickly. I believe that as I said there is probably a better understanding on what we can do out of the digital. I heard Francois Hollande speaking about it like 3 times during the past 2 or 3 months and believe me it's new, it's new, he didn't speak about it. There is a joke in our world, there is a famous speaker to be for the election of Francois Hollande at his desk with a beautiful Macintosh and actually the Mac was not plugged and you could see it. You could see it from the picture so that's a good example. Actually I was told that he was just brought for the picture. I believe that just as a conclusion I would say that this country is still lagging behind and what to me surprises me the most with France is we are capable of reacting sometime very strongly. You never know when but when we had the Prussian in France and in Paris in 1870 like more than a century ago we paid 5 billion of gold francs to get rid of the Prussian and by then everybody said that it was the end of France that France would collapse because we paid so much. It represented 2 years of GDP so it was imaging paying that amount now you wouldn't survive and actually the 30 years that came right afterwards were probably what we call the bell epoch, a period of big growth and at the end of this period France were registering 40% of the world patent in the world 40% so that was probably the best innovation time for France ever. So I think that it was kind of the same after the Second World War when the country was purely destroyed and still we recovered pretty well and we had what we call letron glorieus which were great as well. So that's kind of the same, we're not just after war but kind of in the press it was so strong for most of the European countries that it's a recovery. I'm still very much believing in the strength of my country I believe that integration into Europe is definitely key we need to personally I very strongly believe that we need to have more political integration into Europe Europe to me doesn't work well to tell you the truth but it's not because there is too much Europe it's because there is not enough Europe it's clearly reducing. Just to finish up with this talk I would want to say that I'm launching an initiative in France called Coding Kids. It's based on the fact that one out of five kids in ending the primary school drops out and they cannot write or calculate properly which is in a developed country a pure shame. So what we've discovered with a few French entrepreneurs which gave Xavier Niel, Grangement and a few others is that we got a few of these dropouts in our company and they were great developers you know coding people so we believe that if we can detect these people early you know they the one who have dropped out but still want to do some gaming design and so on we may be able to take them teach them code and finally make them come back into the system so that's the goal of it and it has worked in many countries it hasn't been launched in France but we believe that we can probably launch it pretty soon by this fall and make it very scalable we want it to be able to reach a few I would say the goal is 40,000 kids by early next year so that's pretty ambitious but we're looking on it and we believe it will work thank you very much