ID Ventures, the venture team of Invest Detroit, announced today that it has been selected by Google Developers Launchpad to be its first continental U.S. partner in providing scaling resources to local and statewide startups.
Operating a global acceleration network across Latin America, Africa, Europe, Asia and Puerto Rico, Google Developers Launchpad will work in conjunction with ID Ventures, Michigan’s most active seed-stage investment team, to leverage talent, programming and services for economic growth.
The ID Ventures Powered by Google Developers Launchpad initiative will provide an opportunity for Michigan startups to access Google’s global network, insights from the company’s Silicon Valley-based startup programs, and 20 years’ worth of Google research and best practice insights on building businesses, products and teams at massive scale. ID Ventures was chosen because of Michigan’s robust startup ecosystem in which the team is firmly rooted, providing capital, programs, mentorship opportunities and support to early-stage startups in Detroit and across the state.
“This is truly a win for our local startup community,” said Patti Glaza, managing director of ID Ventures and executive vice president of Invest Detroit. “The partnership will give access to industry experts, startup training and needed services that will help our companies scale and successfully exit, moving us even closer to our vision of making Michigan a startup and technology hub for the Midwest.”
Markets outside of Silicon Valley are increasingly impacting the global startup and technology ecosystem. Though it is easier than ever to start a company, access to success methodologies, expert mentors, and ecosystem best practices for building companies remain unevenly distributed. As Google is a thought leader in building and scaling products and businesses using the most advanced technologies, this partnership and its resources will help ID Ventures’ portfolio companies, which includes some of the fastest-growing companies in Michigan, and other startups in the community scale exponentially.
Google Developers Launchpad focuses on developing companies and their ecosystems over the long term.
“Google is thrilled to expand our partnership with ID Ventures and its exceptional startup portfolio” said Kevin O’Toole, Google’s Head of International Growth for Launchpad. “The Powered by Google Developers Launchpad program is about empowering startup communities around the world and helping them leverage each other for insights and resource sharing. We are thrilled to expand this program into Detroit and the state of Michigan.”
SOURCE ID Ventures