Google zeroed in on these 3 categories of climate companies to boost

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

For its most recent accelerator program for climate startups, Google picked 12 companies and they were related to A.I., EV infrastructure and data reporting.

Google's startup accelerator programs are all focused on using artificial intelligence, and some have industry themes like gaming or the cloud economy, particular geographies like India or Brazil, or underrepresented founders like Black founders or Latino founders. All the programs are equity free, meaning Google does not take a stake in the companies for participating, and so far 1,100 startups have participated since the programs launched in 2016.

"I care about climate tech for many reasons, but most personally, having three young children, I often think about the world that they are inheriting. When I read the headlines about the dangers of the climate crisis, I feel a personal obligation to be a part of supporting innovative climate solutions to scale," Ridenour told CNBC. "This is one of the greatest gifts I believe I can offer to my children and future generations.

"Google sees value in supporting the best startups and founders around the world. As they work with our people, products and tools, we mutually benefit. And supporting early stage companies sparks further innovation in the ecosystem, providing further opportunities for developers to build their business on Google products — like Cloud and Android for example," Ridenour told CNBC.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines