Following Microsoft, Google launches incubator in Tel Aviv

Seven years ago, Google began operations to build a 16,000 square foot building that is to be used as an incubator for Israeli startups in Tel Aviv. With Prime Minister Netanyahu in attendance, the building was finished and officially opened on December 11th. According to Haaretz, some 100 Israeli startups will benefit from the new building per year. The incubator will have a mentoring system implemented as well, where experts from around the world will teach and educate the young entrepreneurs. After a two week intense program in the incubator, the companies will learn about business development, how to shape their biz models, marketing, product strategy and technology from the best in the world. They also offer a space for developers and entrepreneurs to attend and organize events with speakers, mentors and other entrepreneurs; and also a “hack space” and device library to develop and test new ideas. Incubators and their role in the Israeli startup ecosystem Israeli startups benefit from the oversight and guidance from incubators. Given the global competitiveness in the tech space, more and more Israeli incubators and accelerators are popping up across the...

Read More