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'We're not trying to be Silicon Valley': Inside Station F, where Paris is incubating the next tech and AI juggernauts
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Station F,位于巴黎的科技孵化器,由废弃火车站改造而成,已成为法国科技繁荣的中心。 孵化器积极拥抱人工智能浪潮,并吸引了越来越多的美国初创企业。Station F不仅仅是一个共享办公空间,更是一个汇聚了来自70个国家创业者的国际化社区,为初创企业提供资源、导师以及与大型科技公司合作的机会。政治因素也在推动国际创始人来到这里,气候科技领域的创始人尤其如此。Station F的成功在于其开放的文化和对协作的重视,它正在积极推动法国乃至整个欧洲的科技创新。

🏢 Station F 是一座位于巴黎的科技孵化器,由旧火车站改造而成,占地36.6万平方英尺,旨在推动法国的科技繁荣。

🌍 政治因素是吸引国际创始人的关键。 特朗普政府的政策和英国脱欧等事件促使国际创始人来到Station F,寻求全球视野和人才。

💰 Station F 积极拥抱人工智能(AI)浪潮。法国政府的倡议和慷慨的融资推动了该地区AI初创企业的发展。2024年,法国AI初创企业融资额超过29.8亿美元,并且吸引了包括Andreessen Horowitz等高知名度的投资者。

🤝 Station F 强调协作而非竞争。 孵化器内不同初创企业的创始人经常聚集在一起,参加活动,共同探讨。这种开放的文化促进了创新和合作,使得Station F成为欧洲最大的AI社区之一。

Station F houses coworking spaces and pop-up offices for larger conglomerates that want to mentor and partner with its startups.

In Paris's balmy thirteenth district, an airy rail depot that's been converted into a startup incubator is now the epicenter of France's tech boom.

Walking through Station F, it's hard not to see how the 366,000-square-foot space has been influenced by Silicon Valley, with its amenities like a huge cafeteria and an under-construction yoga studio that are reminiscent of Big Tech campuses.

But Station F's director, Roxanne Varza, told Business Insider that it is not trying to become an American incubator. "We've been inspired by a lot of players, and we look up to Y Combinator. But we're not trying to be Silicon Valley," she said.

Now, politics is helping drive international founders here, including Americans, Varza told BI during a recent visit.

From the outside, Station F has a commanding presence in Paris's 13th arrondissement.

Trump 2.0 is driving talent migration

The election of Donald Trump and Brexit were among the biggest catalysts driving international founders to Station F, Varza told BI. After France, the US and UK are the most represented nationalities on campus, which houses entrepreneurs from 70 nationalities, Varza said.

At times of political volatility, the campus has been a magnet for founders seeking a global outlook and a supply of talent. Trump 2.0 — and its aftermath, including the announcement of Stargate and DeepSeek — galvanized European founders to step up, Varza said.

The US tech ecosystem secured $209 billion in VC funding in 2024, about 17 times more than France. But Paris is catching up to its global counterparts. In 2025, technology research platform Dealroom billed the city as Europe's new tech champion, overtaking London's mantle. From 2017 to 2024, the combined enterprise value of startups based in Paris increased 5.3 times, more than any other European tech hub.

Climate tech founders in particular have been coming from the US to Station F amid the Trump administration cutting incentives for green industries in the US, Varza said.

Materials discovery startup Entalpic, which launched in 2024, has had a flurry of US applicants vying for jobs at the company since the start of the year, its cofounder, Alexandre Duval, told BI. Duval had planned to move his startup out of Station F once it reached 20 employees, but decided to stay. "We have so many resources here: meeting rooms, onboarding, events, opportunities to meet people. It's good," he said.

Competitive equity

Station F, the handiwork of French billionaire Xavier Neil, launched in 2017 to drive entrepreneurship in France's tech ecosystem.

The Station F team accepts around 40 startups every month. In addition to access to the incubator's coworking space, startups get resources and mentorship, including from government officials and Big Tech companies, such as Meta and Microsoft, that have offices at Station F.

Station F's flagship Founders Program offers founders workshops and masterclasses. In return, the incubator takes 1% equity — a more favourable figure than the 6% taken by Y Combinator. The incubator also aims to write checks of $50,000 to $100,000 to around 20 upstarts each year.

The open stage where the GitHub CEO chaired a Q&A.

The result is a hubbub of innovators collaborating and ideating all days of the week — a far cry from how some corners of LinkedIn see Europe's tech ecosystem as the butt of the joke for its supposed lax work culture compared to Silicon Valley.

Station F has welcomed everyone from the prime minister of Ethiopia to the CEO of Cisco — and the morning I arrive, the CEO of GitHub is scheduled to speak for a Q&A as part of VivaTech, France's flagship tech event that attracted speakers such as Nvidia's Jensen Huang. "The No. 1 reason people come here is for the access to people," Varza added.

A hotbed for AI startups

Like many of its international counterparts, Station F has doubled down on the AI boom.

Government initiatives under France's president Emmanuel Macron, as well as generous financing from the country's national bank, Bpifrance, have galvanized the region's AI startups.

In 2023, French AI startups raised $1.9 billion, per PitchBook data. In 2024, this figure rose by more than 50% to $2.98 billion. Notable rounds included Mistral's $600 million raise in June 2024 and H's mammoth $220 million seed round in May 2024.

So far this year, French AI companies have raised $1.7 billion in VC funding, and Macron announced in February an additional $112 billion in private sector funding earmarked for the country's AI ecosystem.

The colorful cafeteria offers five different catering options.

High-profile investors such as Andreessen Horowitz, General Catalyst, and Lightspeed Ventures have flocked to back prolific AI startups founded in France, such as Mistral, Dust, and Poolside.

Open-source AI company Hugging Face, now valued at $4.5 billion, was once incubated in Station F. Now, Varza said, around 40% of France's AI startups are spinning out of the program.

In 2024, 34 out of 40 of the top startups touted by Station F — its "Future 40" — were AI companies.

"Station F is one of the biggest AI communities in Europe," Varza says. "It's also an entry point for so many tier one investors coming to Europe — and we're seeing more Series A and B rounds too."

Beyond helping AI startups raise financing, Station F also participates in regulatory debates about France's tech ecosystem, Varza added. "Right now, the government is talking about how we can fiscally incentivise AI companies and push creation. We're in those discussions very actively."

A collegial culture

I was keen to speak to AI and climate founders, and within two minutes, Varza had grabbed two people for me to speak to.

It was a reflection of how Station F operates: touting collaboration over competition. Despite the vast space, I saw founders from different startups huddled together in various pockets of the station, congregating for in-house events such as Q&As, as well as the bustling restaurant space.

Station F houses coworking booths for startups.

"We saw incredible things happen when people were working in close spaces," Varza said. "You see everything from VR and AI companies collaborating — and even companies winding down and neighbouring teams acquiring them."

She recalled how one startup in the incubator wanted to pivot and copied a neighbouring company's idea. "It's our only copycat story, but they both ended up being pretty successful," she added.

Station F is working on initiatives with Japan and the Gulf region, Varza said — but what excites her most is the opportunity to take what they've built in Paris and "build those bridges" internationally across Europe.

Read the original article on Business Insider

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Station F 科技孵化器 人工智能 法国科技
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