Google Expands Its Entrepreneurial Network With Austin Incubator

 
 
By Todd R. Weiss  |  Posted 2014-05-09 Email Print this article Print
 
 
 
 
 
 
 
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Google's Tech Hub Network, which brings together tech entrepreneurial communities around the nation, added a new member group–this time in Austin, Texas.

Google's fledgling Tech Hub Network for entrepreneurial communities around the United States is growing again, as the Austin, Texas-based Capital Factory joins Google's continuing efforts to help startups by providing Google help, resources, advice and more.

The addition of the Capital Factory was announced by John Lyman, head of partnerships at Google for Entrepreneurs, in a May 6 post on the Google Official Blog. The Tech Hub Network is an initiative of the Google for Entrepreneurs program.

"Austin is home to some of the best barbecue in the country, a killer live music scene, and an energy that can match any other city in the world," wrote Lyman. "It's no coincidence, then, that it's also home to some of the most creative entrepreneurs out there, which is why we're pleased to welcome Capital Factory, an Austin-based incubator and co-working space for startups, to the Google for Entrepreneurs Tech Hub Network. The city's thriving startup community and deep bench of engineering talent, combined with its natural creativity and eclecticism, make it the perfect place to expand."

Google launched the Tech Hub Network in September 2013 to help fuel search giant's efforts in aiding entrepreneurial groups around the nation. The addition of the Capital Factory means that the Tech Hub Network, a group of partner organizations across the U.S. that are involved in activities, from hosting accelerator programs for talented developers to providing desks for entrepreneurs, has grown to eight members so far, wrote Lyman.

"Google for Entrepreneurs provides funding to all the hubs and gives them access to mentorship opportunities and Google products," he wrote.

The original seven Tech Hub Members are 1871 in Chicago;  American Underground in Durham, N.C.; Coco in Minneapolis; Communitech in Waterloo, Ontario; Galvanize in Denver; Grand Circus in Detroit; and Nashville Entrepreneur Center in Nashville, Tenn.

The efforts so far are beginning to show results in the original seven groups, wrote Lyman. "In just over six months, the Tech Hub Network is already having a dramatic effect on entrepreneurs around North America. Seventy-one percent of startups say their hub is having a significant impact on their growth, and companies from the Network have raised more than $50 million and created 1,200 jobs since becoming members. Just last month, we hosted a Demo Day for these hubs, where 10 startups raised millions of dollars to help grow their businesses."

In addition to the Capitol Factory announcement, Google unveiled a useful new perk for the members of the growing Tech Hub Network, wrote Lyman. "To give these entrepreneurs an even greater boost going forward, starting today anyone who works in one of the eight tech hubs or Google's Campus [in] London [or] Tel Aviv will be able to work for free from the other member spaces when traveling," he wrote. "This will give startups a home base when they're on the road, and the chance to spread and exchange ideas from city to city."

It wasn't so long ago, wrote Lyman, when Google itself was just a startup operating in a garage. "Now that we've grown up a bit, we want to give others a place where they can work on their ideas, and feed off each other's creativity and ingenuity," he wrote. "Capital Factory is no exception. So, get your boots on, Austin entrepreneurs—we can't wait to see how your growing startup community plays its part in keeping Austin weird."



 
 
 
 
 
 
 
 
 
 
 
 
 

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