November 15, 2011
Google to open Israeli startup incubator
Google will open a startup incubator in Israel.
The incubator, scheduled to open in August in offices in Tel Aviv, will host about 20 pre-seed stage startups, the Israeli business daily Globes reported.
The announcement of the new incubator was made Sunday by the director of Google’s Israel R&D center, Yossi Matias.
The incubator also will host Israeli Arab and haredi Orthodox entrepreneurs in an effort to expose them to Israel’s high-tech industry, according to Globes.
A team from Google is set to work with universities and colleges to discover projects for its incubator.
In addition to meeting and work rooms, Google will provide the startups with advice and mentors, and will sponsor projects at investors’ conferences, according to Globes. The company will not commit to investing in or partnering with any of the successful startups.