The Seoul Metropolitan Government will establish the world’s largest startup campus in the capital city of South Korea by 2030, benchmarking Station F in Paris and Singapore’s LaunchPad. Under the Seoul Startup Policy 2030, the city government will inject a total of 1.67 trillion won ($1.3 million) into the project to build the campus and invest in small enterprises.

It aims to produce 60 global unicorns, or private companies with a corporate value of 1 trillion won or more under the project. Once the facility is completed by 2030, the total floor space dedicated to startups in the city will increase to 370,000 square meters from the current 150,000 square meters.