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Google leverages employee and alumni networks to support AI startup incubation programs

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Jinshi Finance reported that on June 23, Google is supporting an incubation program aimed at former employees launching AI startups. The program lasts 12 weeks and is backed by the Google AI Future Fund. Selected startups will receive up to $350k in Google Cloud and AI credit allocations, as well as up to $100k in funding support. The organizers expect the first cohort to select 10 to 20 startups to participate. The program is scheduled to be announced on Tuesday, coinciding with Google’s efforts to attract more AI companies to use its chip and cloud computing services. By working more closely with a large network of former employees—“Xooglers”—Google is expected to build deeper relationships with a group of emerging AI companies that may become important clients in the future. Former Google employee Kushagra Shrivastava said, “Many founders in our community are now using AI, but they lack systematic support.” Former Google employee Chris Fong said, “Gaining access to this level is very rare.” He founded the Xoogler community platform, which is also one of the supporters of the new incubation program. Fong said his Google alumni network has expanded to more than 35,000 members worldwide, including 2,500 qualified investors.
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