Google will open a startup incubator in Israel. Scheduled to open in August 2012 in Tel Aviv, the incubator will host about 20 startups in the pre-seed stage, the Israeli business daily Globes reported.
The announcement of the new incubator was made Nov. 13 by the director of Google’s Israel research and development center, Yossi Matias.
The incubator also will host Israeli Arab and haredi Orthodox entrepreneurs in an effort to familiarize them with Israel’s high-tech industry, according to Globes.
A team from the Mountain View–based tech giant is set to work with universities and colleges to discover projects for its incubator.
In addition to meeting and work rooms, Google will provide the startups with advice and mentors, and will sponsor projects at investors’ conferences, according to Globes. The company will not commit to investing in or partnering with any of the successful startups. — jta