Google has announced on Thursday its plans to build office spaces for its international startup program called Launchpad Accelerator, at 301 Howard Street in San Francisco. This location is only a few blocks away from Google’s own offices in the city, on Spear Street.
The Launchpad Accelerator is an equity-free program meant to provide help to new companies from certain areas of the world where access to business development or financial access is hard to come by. The new office space for the international startup program measures around 14, 000 square-foot and will also act as event space for community meeting for Google’s Developer Group, Codelabs, Tech Talks, and Design Sprints.
During the announcement Google has stated that:
“This dedicated space will enable us to regularly engage with developers and serve their evolving needs, whether that is to build a product, grow a company or make revenue.”
The participants in the international startup program includes over 20 new companies from Mexico City, Bangalore, Sao Paulo, and Jakarta. Google has stated that it has plans to expand the program to include cities from other developing countries. The precise details on which startups will get access to the new office space, are scarce and nor has it been determined if they will be able to stay in them after the program ends. Additionally, Google has reduced the length of the program to three months from six months, when it was initially launched.
Over the course of the program, the participants will be offered equity-free funding, free credits for Google’s cloud computing services, mentoring from the company’s employees and finally, it will also include a two-week training boot camp at Google’s Mountain View headquarters.
According to Roy Glasberg, the global leader for the Launchpad Accelerator program:
“This is a unique opportunity to bridge the gap between Silicon Valley and emerging markets. To date, Launchpad Accelerator has nearly 50 alumni in India, Indonesia, Brazil, and Mexico.”
It’s worth mentioning that other media giants like Microsoft and Amazon have developed their own international startup program with office spaces in San Francisco included. This is a way for these companies to promote their cloud computing services to the startups, but the programs can also act as a scouting ground any new investment opportunities.
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