Facebook Bets on Paris With Start-Up Incubator

Facebook (NASDAQ:FB) gave the French tech scene a vote of confidence on Tuesday by picking Paris as the location for its first start-ups incubator, a boost for the city as European capitals compete to attract firms post-Brexit. The US social media group said it would set up the scheme at the Station F site on the Left Bank – an ambitious project backed by French billionaire Xavier Niel and set to become the world’s largest start-up campus when it opens in April.
As quoted in the press release:

“Paris has always been a city of new ideas where people come together to break new ground, to do new things,” Facebook’s Chief Operating Officer Sheryl Sandberg told reporters at the vast, listed former railway depot still under renovation.
The 34,000-square meter site, a stone’s throw away from the river Seine, plans to house 1,000 start-ups under its 1920s glass arcades, as well as 3-D printing labs and bars and restaurants open 24 hours a day.

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