Friday, February 26News For London

Facebook to run an “incubator” programme for young start-ups in new London office

Doors are open for tech start-ups focusing on building communities, at Facebook’s new swanky office in London.

This is the first time the company has planned to run an “incubator” to foster young businesses. The LDN_LAB programme will offer training and mentorship for a period of 12 weeks. The applications to apply opened on Monday. Chapter 1 of the programme begins on 19 February 2018.

Facebook has promised to benefit the start-ups in a range of ways including expert training, business advice and networking. Up to 5 members of a team will be offered to join Facebook’s new office space in London’s Rathbone Square, near Oxford Street. The Vice President for Facebook Europe, Middle East and Asia, Nicola Mendelsohn, said: “Facebook is more committed than ever to the UK and is supporting the growth of the country’s innovative start-ups.”

The tech company has based offices in London for past 10 years, but the expansion will mark its biggest engineering hub outside the US.

The start-ups, however, should be based in the UK and be founded only in the last 3 years.

The Mayor of London, Sadiq Khan, said: “The launch of the company’s incubator is set to play a crucial role in attracting vital talent to London and will help to pave the way for the next generation of successful startups.”

The company unveiled its new office in the capital on Monday and plans to increase its UK workforce by 50% by the end of next year.

[Featured Image: Brian Solis/Attribution 2.0 Generic (CC BY 2.0)]