Sheryl Sandberg Unveils Startup Garage in Paris
Facebook will open a startup incubator at Paris’s soon-to-debut entrepreneur campus created by billionaire Xavier Niel, as COO Sheryl Sandberg vows to keep investing in France, according to Bloomberg.
The company will have engineers on the ground at incubator-campus Station F and offer workshops to entrepreneurs, Sandberg said at an event in Paris, alongside Niel, site director Roxanne Varza and Paris Mayor Anne Hidalgo. "Paris is a capital for food, culture, but it’s also a thriving tech scene," Sandberg said. "We’re going to continue these types of investments here."
One of France’s richest people, Niel spent 250 million euros to transform a former freight station into an incubator area, with some 3,000 desks for rent and numerous hangout areas. Facebook, Vente-Privee, business school HEC Paris and venture-capital firms Daphni and Ventech have already agreed to base some staff at the facility.