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SoftBank to build startup campus in Japan's Aichi Prefecture

Tech group also planning to launch fund to boost new domestic tech companies

SoftBank is building a sprawling startup campus in Japan's Aichi Prefecture in hopes of nurturing more unicorns. (Illustration courtesy of SoftBank) 

TOKYO -- SoftBank Group's telecommunications unit will launch one of Japan's biggest startup incubation centers to nurture more unicorns -- startups valued at $1 billion or more -- in the country, the company announced Tuesday.

SoftBank Corp. won a 14.4 billion yen ($131 million) contract from the Aichi prefectural government to design and build the facility, Station Ai, in Nagoya. The facility is scheduled to be completed in 2024 and will span 23,000 sq. meters across seven floors.

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