Google helps open new home for startups in Berlin

Jun 11, 2014

Internet entrepreneurs have received a new home in the German capital with the opening of the "Factory"—a workspace developed in partnership with Google Inc. that allows startups to innovate and collaborate under one roof.

"Factory" founder Simon Schaefer said Wednesday's opening of the 16,0000-square-meter (172,224-sq.-foot) building was helped with a 1 million euro ($1.4 million) investment from Google.

He said new businesses will benefit "from the internationalism of our partners and will get attention from investors and potential customers from around the world."

Google's Executive Chairman Eric Schmidt was on hand for the opening of the workspace, in a former brewery, which is designed for some 500 people.

The first occupants will also include established firms like Twitter, Soundcloud and Mozilla.

Explore further: Google to open innovation Campus in Poland

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Google to open innovation Campus in Poland

Jun 04, 2014

Google announced Wednesday it would open a centre for tech start-ups in Warsaw in 2015, marking the IT giant's third such Campus after similar spaces in London and Tel Aviv.

Google awards $106M in stock, cash to Schmidt

Feb 04, 2014

Google says it is awarding its $100 million worth of equity to Eric Schmidt, plus a $6 million cash bonus in recognition of the executive chairman's contributions to the company's performance in 2013.

Twitter pulls out of SoundCloud talks

May 20, 2014

Twitter has pulled out of discussions to buy the German-based music-sharing service SoundCloud, The Wall Street Journal said Tuesday.

Recommended for you

EU Parliament votes to break up Google

Nov 27, 2014

The European Parliament voted overwhelmingly for the break-up of Google Thursday in a largely symbolic vote that nevertheless cast another blow in the four-year standoff between Brussels and the US Internet ...

Toyota finds new air bag issue, recalls more cars

Nov 27, 2014

Toyota Motor Corp. recalled more than 40,000 vehicles in Japan on Thursday as part of a worldwide scare over defective air bags and is investigating a new type of air bag problem that could lead to further recalls.

Netflix sues Yahoo CIO for alleged kickbacks

Nov 26, 2014

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.