India: Google has launched an accelerator program by the name Launchpad Accelerator to provide mentorship, training and support to mobile startups in India, Brazil and Indonesia. Besides, Google will also provide up to $50K in equity-free funding.
The company has also announced Doormint, Frankly.me, Holachef,Justride, Murmur, Nestaway and English Dost among the selected startups for the program from India.
In a bid to make an impact on startups, Google has launched this accelerator program to work on various launching projects, develop better tools and offer high-impact mentoring to startups.
Launchpad Accelerator is a six months long program, firstly startups will be flown to Mountain View for a two-week boot camp. After which, these startups will be made to meet mentors, who are either Google employees or professionals from the wider startup community. The mentors will help startups plan for their next five and a half months in the program (which happens in their home countries). This stage is classified as “pressure environment”.
During the pressure environment phase, the startups will work through a number of individualised tasks to help themselves sharpen their marketing and go-to-market strategies, user experience design and other aspects of their services.
The first class of twenty startups will arrive Mountain View in mid-January and includes startups like Brazil’s ProDeaf and Indonesia’s Jojonomic. It plans to bring about 50 new startups into the accelerator program every year. Glasberg stated that the company hopes to work with another 200 or so in a more hands-off program that doesn’t involve the boot camp in Mountain View.
In addition to the services at Mountain View, Google has also availed its access to local and international network of mentors, along with credits to use Google’s developer platform, to the startups, even after they return to their home towns.
Glasberg added that the accelerator is born out of Google’s existing Launchpad program for startups and its global series of events, which was launched about two-and-a-half years ago.
The company expects to expand this program to additional countries in the long run.