Plug and Play Partners With Startup World to Connect International Entrepreneurs to Silicon Valley
Silicon Valley based accelerator Plug and Play is partnering with the global competition for technology startups Startup World. The organisations will join forces on the North American and Asian leg of the tour to help connect entrepreneurs around the world with Silicon Valley.
Plug and Play is one of the largest accelerators in the world, the accelerator has had several successful portfolio companies including: PayPal, Zoosk, Lending Club, Dropbox, etc.The organisation has invested in more than 200 companies and about 50 of them are from outside of California and specialises in helping foreign raise capital in America, get corporate clients, and launch in the US.
The accelerator is an international network that's accelerated 1,200 start-ups and collectively raised more than $1 billion in venture capital. Last year, the organization made 62 investments, while helping 150 start-ups from Silicon Valley and another 100 from abroad find resources and make connections.
CEO of Plug and Play, Saeed Amidi said they want to help foreign entrepreneurs get a foot in Silicon Valley’s door: “Companies that are in Palo Alto are already connected. International startups may be just as good but they need a fast track into Silicon Valley culture. Plug and Play provides a network which accelerates doing business in the valley.
Startup World is an initiative to promote startups and entrepreneurship globally by shining a light on technology hubs and startups around the world through a global competition.
The competition has already taken place in Mexico City, Perú, Chile, Buenos Aires, Sao Paulo, Rio De Janeiro, Brazil, Cape Town, South Africa, Nairobi, Kenya, Dar Es Salaam, Tanzania, San Francisco, Los Angeles, London, Berlin, Paris and Barcelona.
“Whist Silicon Valley is the highest producer of technology companies in the world, technology and startup culture is growing across the rest of America and globally as the cost of innovation decreases and more entrepreneurs are equipped with the tools they need to build the next Facebook or Google.
We want to shine a light on these growing technology hubs by highlighting their entrepreneurs and startups” said Startup World’s founder Hermione Way.
The North American leg of the tour will be held in June in the following cities; Miami, New York, Vancouver, Montreal.
Startups who win the competition in their city will be invited to Silicon Valley for the grand final which will be held at the Plug and Play tech center in Sunnyvale.
Startups can apply to compete in the competition here: http://startupworld.com/apply
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