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Google has recently announced a new investment program that focuses on early-stage startups. Google will be investing in those startup companies which are working towards building more hardware or features for the Google Assistant.
The tech giant has announced the program in an official blog post. In the blog post, Google revealed that the investment program will offer startup financial resources along with the early access to the company's features and tools. Also, the startups will have an access to Google Cloud Platform and will also get promotional support which will highlight the new companies.
By using the investment program the startups will get investment capital from Google. This will help in the development, hiring and management of the startups.
Further, Google has also said that it will be mentoring the company's engineers, product managers, and also the design experts. This is in order to share technical guidance along with product development feedback.
The other benefit that the startups will get from the Google partnership is that they will get an early access to upcoming features and tools from Google Assistant. This will allow the startups to jump the queue when it comes to innovative changes.
If we speak about the technicality, then the startups will get access to the Google Cloud Platform that powers Google Search and YouTube. This is said to help the startups to scale up easily with less technical difficulties. Also, Google will give promotional support so that the consumers stay updated with Google Assistant powered apps.
The first batch of startups which will receive funding from the Google include:
• GoMoment- These are the developers behind Ivy, a 24/7 concierge service which is capable of answering common questions like "can I get a late checkout?". Responses that require any human input are redirected to hotel staff, ensuring a quick turnaround.
• Edwin- This is an AI-powered English tutor which allows the students to appear for foreign language tests. It also provides customized lessons for each student. The service also allows users to prepare for tests on the Facebook Messenger. This makes it feasible for them to study whenever and wherever they want to.
• BotSociety- This is a simple tool for developers which allows them to test and design voice interfaces.
• Pulse Labs- This is an application with which developers can test their voice service apps with real people.
Google has not disclosed that what would the investment be worth, however, the company says that the interested companies can now apply for the program.