On Monday, Google announced the beginning of its Funds fund, a new initiative seeking to invest in startups they are building with the latest tools of it from Google Deepmind, the R&D Lab of the company.
The Fund will return the beginnings from the seed in the late phase and offer varying degrees of support, including allowing the founders to have early access to Google Models from Deepmind, the ability to work with Google experts from Deepmind and Google Labs, and Google Cloud Credits. Some startups will also have the opportunity to get direct investments from Google.
“The Future Fund he does not follow a group model or model,” a Google Techcrunch spokesman told. “On the contrary, we consider the options on the rotating basis-there is no fixed application window or deadline. When encountering companies that match the Fund’s thesis, we can choose to invest. We are not announcing a specific fund size at this time, and control sizes vary based on the company’s phase and needs. later. “
The Fund of the Future He already has some case studies. Beginnings such as the Vigger Memes Creating Platform and the Webtoon Tonssutra application participated in the program.
Beginnings can apply here starting May 12.
Google has made great commitments in recent months to support the next generation of Talent and Scientific Procures.
Last November, Google.org, the company’s charitable wing, announced a $ 20 million cash commitment for researchers and scientists working in him. Prior to that, in September, Google General Director Sundar Pichai announced that the company was setting up a global $ 120 million fund he Opportunity to help bring it education and training to many countries around the world. Google.org also launched an accelerator program of that $ 20 million to shorten controls for non -profit in that Tech development.
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Google also has its Google funds for startups founders, which supports the founders from a group of industries and construction companies, including it. A spokesman told Techcrunch in February that this year, the fund would begin to invest in the beginnings focused on the US, with more information to come on a later date.
