US-based internet company Google is set to open an incubator in Israel next year, according to comments made by Yossi Matias, director of Google’s Israeli research & development centre, on Sunday. The comments were made at Google Israel’s annual development conference. The incubator is planned to commence operations when Google Israel moves into its new offices in Tel Aviv, and will initially be made up of 20 pre-seed stage startups, chiefly those which work with the kind of open-code technology used on Google’s Chrome browser and Android mobile operating system. Google Israel has stated that the incubator will operate as a separate entity, and has no plans to invest in the startups through its corporate venturing unit, Google Ventures, or to necessarily form partnerships with the entrepreneurs. In an interview with Israel-based financial newspaper Globes, Matias said: "We sought more ways to link up with the local industry and encourage entrepreneurs to develop breakthrough products. The fact that the incubator will sit adjacent to Google Israel’s new offices will enable us to closely work with and advise them and provide them with suitable support."
- News & Analysis
- Global Corporate Venturing
- Global University Venturing
- Latest News
- Deal Data
- Community & Events
Google’s Israeli incubator to switch on in 2012
Nov 16, 2011 • Robert Lavine
LEADERSHIP SOCIETYInforming, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Featured ContentFUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database.
FUNDING ROUND DATA
Which corporates are backing which startups? Search our corporate deal database.NOMINATE Nominations for the GCV Powerlist 2024 are now open
Nominations for the GCV Powerlist 2024 are now openEventsWebinar: Startups and Strategics – What works and what doesn’tEventsGCV Institute: Landing the Value of Corporate VenturingTop News
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.test reg