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Google to Incubate Startups in Israel

Search engine giant Google is planning to establish an incubator for start-ups in Israel in August 2012.

According to Israeli newspaper Globes, the company said that the incubator, which will be launched in August 2012, will hold starts-ups in their pre-seed stage to ensure rapid developed.

The announcement was made at Google's Israeli developer conference by Google Israel R&D Center director Yossi Matias. He said that the incubator will launch when Google Israel moves into its new premises in Tel Aviv, were the company has acquired several floors in a building.

The company said that it plans to host 20 pre-seed start-ups or 80 people in the incubator program. Google plans to give the start-up training for a minimum of three months. Google said that it was interested in companies developing projects based on open source technologies similar to Android and Chrome web browser.

"The Israeli developers community is innovative and sizzling. It has great potential. This project evolved from a desire to provide suitable support when it is most effective. The incubator is part of Google's operations to deepen its ties with the developers community," Matias said.