Review on Plug and Play by Douglas Cachazo
Plug and Play: Prestigious Incubator with epicenter in Silicon Valley
Plug and Play enjoys a good reputation for the renowned companies it has supported during its successful trajectory in incubation processes and start-up of innovative technological projects worldwide. I was wondering why I have already seen these names in other Incubator companies and the reason is that it is valid that projects apply to more than one Accelerator Incubator company, it happens more than I thought it would. I don't know how they coordinate, but I imagine that they will access incubation stages and integrate them in a coordinated way.
The benefit is greater as you will have more access to funding, and interact with more macro companies and mentors from around the world.
Plug and Play is headquartered in Silicon Valley, where the technological heart of the world is, and where the great technology corporations have come from.
To apply you must present your project to the evaluators in Silicon Valley, approved you will have an initial funding that can be between 25 thousand to 500 thousand dollars, but the funding could go beyond the startup and could reach two million dollars in two years with funds from large investors partners.
The number of ventures accepted annually is around 270 ventures, which is very high and very positive.
Something very important is that they interact worldwide with more than 500 transnational corporate technology companies, which gives you a great advantage and a high probability of being successful because of the advice to be had and the large market that is open to your services or products. In my opinion, this is the most important factor in addition to the high financing to grow your company.
Pros
- You can apply at any time of the year
- Headquarters in the heart of the technological world such as Silicon Valley.
- Partnered with over 500 corporate technology companies
- Financing can be for up to two years from start up
- High amount of funding according to evolution and needs
- Community or team of high level mentors
- Not only support mentors, but also top corporate executives.
Cons
- Nothing to say against
