The leading search-engine has introduced its own startup accelerator, featuring six-month acceleration and mentorship program.
Google has publicized that it would launch ‘Launchedpad Accelerator’ for startups based in India, Indonesia and Brazil. The company has offered $50,000 of seed funding straight away without any equity taken at all. The startup then can avail an maximum of $250,000 in funding.
Besides this, the startups would also be getting to avail a two-week boot-camp under an all-expenses-paid trip to the Google headquarters in Mountain View, California. The accelerating program, beginning to work from January 18, will bring in a total of 24 startups and bring them to the head office.
In order to get into Google’s program, the criteria is quite simple as anyone in one of the listed three countries having most users of their products in their own domain can apply. For the first period of the ‘Launchedpad Accelerator’, the startups include ProDeaf from Brazil, developer of a medium to interpret speech into sign language employing 3D avatar-tech; English Dost from India, an app to allowing interpreneurs from India to get better their English; Kakatu from Indonesia, a service to enabling parents to monitor their kids electronic activities utilizing automatic digital consoles.