Kickstart Ventures, Inc., a wholly-owned subsidiary of Globe Telecom, has tapped California-based global accelerator Plug and Play Tech Center (PnP) as an international corporate partner, to link up local tech startups to Silicon Valley.
"Plug and Play will work with Kickstart to identify technology areas of interest then we'll seek out high tech startups that are developing innovative products or solutions in these areas and help them grow their business," explained Saeed Amidi, CEO and Founder of Plug and Play Tech Center.
Already they have started to build partnerships in different countries such as Canada, Egypt, Malaysia, Singapore, Spain, Russia, and Germany.
"The world looks to Silicon Valley for innovation, entrepreneurship and venture capital success," noted Minette Navarrete, President of Kickstart.
"By creating more opportunities for our portfolio companies to operate in Silicon Valley and participate in Plug and Play Tech Center's programs, Kickstart is helping build a stronger, broader, more engaged startup ecosystem," she stressed.
PnP currently has a network of 300 tech startups, 180 venture capital investors, and a community of university and corporate partners.
Through PnP, new tech businesses which want to make it big in Silicon Valley can rent office space; join industry networking events, education and immersion programs; and get introductions to potential customers, investors or acquirers.
Since it started in January 2006, PnP has already helped startups raise over USD1 billion in venture funding. Its startup companies have created a cumulative value of USD2 billion.