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Google introduced a new class of startups in the Launchpad Studio accelerator that opened last year; the first group was focused on combining new insights from medical data, and this affects the shaking of established markets and financial systems.
Some of the companies are well known and established, but this is not the usual type of accelerator that aims to take a novice business and bring it to market. Instead, Google supports companies selected in the development of a project, typically involving automatic learning in the space in which they operate. They call Studio a "product acceleration program". (There are also regular accelerators under the Launchpad brand.) [19659003] This year the companies are all more or less in the financial space, offering banking services, identity verification and retail services all over the world . Here is the list, with Google's descriptions of each:
Alchemy (USA), fill the blockchain and the real world
Axinan (Singapore), providing intelligent insurance for the digital economy [19659004] Aye Finance (India), turning financing into India
Celo (USA), increasing financial inclusion through a cryptocurrency mobile-first
Frontier Car Group (Germany), investing in the transformation of used car markets [19659004] Go-Jek (Indonesia), improving welfare and livelihoods of informal sectors
GuiaBolso (Brazil), improving the financial life of Brazilians
Inclusive (Ghana), verifying identities throughout Africa
m.Paani (India), (em) that feeds local retailers and next billion users in India
Robinhood (USA), democratizing access to the financial market
Starling Bank (United Kingdom) ), improving health funds with a 100% bank only for mobile devices
As you can see, it is a fairly international group. But different areas have different opportunities and talents. Inclusive, for example, emerged in Africa from the difficulty in finding and verifying identity documents. I spoke with the founder of the company, Paul Damalie, at the start of this year.
It is easy to imagine which interesting models or useful knowledge can emerge from a careful analysis of millions of data points related to demographic data, places, financial situations and so on.
Robinhood's popular stock-trading platform certainly does not need to be saved by Google's resident experts and mentors, but again the data they have access to is the interesting part. Why not collaborate with those experts to create new ideas or studies on products?
Google provides cloud computing resources, access to its home of ML-trained researchers and ongoing support after the 4-month period.
Congratulations to the startup selected for the program; we will keep your ears open for any product emerging from their work.
