A new report sheds light on how Google’s accelerator programs have supercharged over 1,100 startups and developers worldwide over the past seven years. By providing hands-on training, mentoring and access to innovative tech, these accelerators are helping ventures tackle pressing issues and scale their impact.
The first ever Accelerator Impact Report analyzes data from 24 Google accelerator initiatives spanning 87 nations from 2016 to mid-2023. It reveals how entrepreneurs receive crucial support to apply automation, machine learning and other tools to solve problems more efficiently.
For instance, after participating in a regional program, Brown Living slashed plastic waste in India using Looker and Apps Script. Likewise, Carbonext now tracks deforestation in Brazil 80% faster and cheaper using AI. And Gambir Studio boosted revenue 20% with mentor guidance.
Impressively, 20 alumni have reached unicorn status, valued over $1 billion each. One has grown to a decacorn, exceeding $10 billion. Combined, they employ nearly 120,000 individuals worldwide and raised $30.7 billion in total funding. Remarkably, 96% remain operational, beating the dire 80% startup failure rate.
From climate change to healthcare, these accelerated ventures are leveraging Google’s expertise to transform industries and drive impact at scale. The report invites more startups and investors to engage with these valuable programs empowering innovation globally. Learn how Google is powering entrepreneurship and driving solutions to pressing issues worldwide.
