Google to Open Start-Up Incubator in Israel
“Start-up Nation” set to host Google in 2012
With a worldwide reputation as one of the world’s premier “start up nations”, it was only a matter of time before the giant “Google” would decided to open a startup incubator in the Jewish state.
Well, that time has arrived.
That’s right, the incubator, announced on Sunday by Google Israel R&D Centre Director Yossi Matias, is slated to begin operations in Tel Aviv in the summer of 2012, will be home to approximately two-dozen startups, according to the Israeli business daily Globes.
Google, which will work with Israeli universities on uncovering possible initiatives, will also provide mentors and advice.
“The Israeli developer community is hugely innovative and has the potential to create many more ground-breaking technological developments,” a Google spokeswoman said in a statement on November, 14th. “This project was initiated with a desire to encourage entrepreneurship and to provide support at exactly the stage when developers are often most in need of it. The technology incubator is part of Google’s efforts to strengthen its connections with the developer community,” the spokeswoman said.
A number of other technology giants including Yahoo, Microsoft, Cisco Systems, Intel, AT&T, and Hewlett-Packard have also set up shop in Israel.