Google has announced that a new office will open its doors in September in San Francisco, with the intention to bring developers and startups closer together.
The company revealed that it will open up the 14,000-square-foot space, which will be used to tighten cooperation with emerging companies, hosting events, as well as local and global developers.
According to Google's presentation of the initiative, the space should "bridge the gap between Silicon Valley and startups from [global] emerging markets." The tech company wants to aid the organizations in having a better grasp on their local and global challenges, and to create a space fitted for sharing resources.
Events that Google aims to host in the space include meetups for the Google Developer Group community, the third class of Google's Launchpad Accelerator, Design Sprints, Tech Talks and Codelabs.
Keep in mind that creating a workspace for startups that are part of Launchpad Accelerator is probably the most important aspect of the program.
The Launchpad Accelerator debuted in December 2015 and is an equity-free accelerator program that focuses on helping entrepreneurs from developing countries, such as India, Indonesia, Mexico and Brazil.
Insiders from the tech industry see growing markets as the next resource pool, with the countries being able to bring in the billion dollar deal for the likes of Google.
The Launchpad Accelerator accepts participants from developing countries and enrolls them in a two-week boot camp at Google's offices, where they work side by side with the company's team of programmers, engineers and marketers. At the end of the training period, they return to their origin countries and start building their startups.
Initially, the newly formed companies received special office spaces inside Google's properties, but according to the new policy they will get a separate location to cater to their needs.
The dedicated space will allow Google to serve the precise needs of the developers, regardless if we are talking about building a product, increasing revenue or growing a company, said Roy Glasberg, the global lead of Launchpad Accelerator.
Almost 50 startups graduated from Launchpad Accelerator, and each handled critical local problems with the help of Google's team.
The search engine company offers $250,000 worth of assistance, of which no less than $50,000 represents seed funding. Google also gives away credits for its product, physical space in the country where the startup is located and constant mentorship. The full package requires no equity from the startup.
The address of the upcoming office space is 301 Howard Street in San Francisco, California.