Facebook has announced its participation in helping Paris, France, become the world’s largest startup campus. The “Startup Garage”, as the social media giant’s program is aptly called, will be housed in the Station F campus, a 34,000 square-meter (366,000 square-foot) tech incubator in the 13th arrondissement.
Facebook will nurture five startups whose products use data to improve society in areas of daily life including health, education, and transport. The selected startups will receive six months of personalized coaching in marketing, product design, and technology development, an investment valued at “millions of Euros,” according to Sheryl Sandberg, CEO of Facebook. Facebook also hopes to expand the number of participants to between 10 and 15 in the future, she announced.
We look forward to seeing how the French capital will be positioned as an attractive option for startups outside of London and in the continent generally.