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March 7, 2012 12:58 pm

Google Israel Launches New Program to Incubate Start-ups

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A sign outside Google offices.

Israel has long been known as a magnet for high-tech innovation, and a new program by Google Israel, which will foster and support start-ups, should further boost the nation’s profile, the Foreign Ministry announced Monday.

The plan was announced by Yossi Matias, director of Google Israel’s R&D center. The new program, in which Google will serve as a mentor for 20 or so start-ups, goes hand-in-hand with Google Israel’s mission, Matias says. “From the beginning, the goal was to build a research and development center in Israel, and to innovate global products and technology,” he said.

It has not yet been announced if the support will involve funding, but Google did say that the program’s focus will be exposing the start-ups to its trademark culture of innovation and creativity.

According to the Israeli Foreign Ministry, “Companies chosen for the project will receive meeting rooms and workspace; Internet access; the opportunity to get information, tools and advice from Google employees; support and advice from other parties (entrepreneurs, technology experts, lawyers, marketing and financial advisers, for instance); and assistance in organizing events for potential investors.”

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