Facebook has joined a raft of major European venture capital firms and companies on the world's largest start-up campus which is based in Paris and backed by French billionaire Xavier Niel.
The campus, to be called Station F, will be housed in a 34,000 square meter former freight station that dates back to the 1920s. It will house up to 1,000 start-ups. Other major start-up campuses in the world include RocketSpace's area in San Francisco which has housed around 750 start-ups since opening in 2011, as well as a hub in Hyderabad, India, which will aim to incubate 5,000 start-ups over five years when it opens in 2018.
Roxanne Varza, the project's director, told CNBC on Monday that Station F will begin taking applications for start-ups and announced Facebook as a company that would be present on the campus.
Varza was not able to provide more details about Facebook's role, but said the company will give further details in the coming weeks.
Station F also announced that top venture capital funds Daphni, Ventech and Kima Ventures will have their offices on-site. Online retailer Vente-Privee is also running a start-up program on site.