Media startups in Korea stand the chance of benefiting from Alphabet Inc (NASDAQ:GOOGL) Google’s offer of free cloud services. The search giant says that it will be working with at least 10 startups, which will get the offer of Cloud Platform otherwise known as GCP. The package will one year within which the identified start-ups will utilize management and development tools.
Every business requires data storage, computing, and networking services. These will easily be found in Google’s Spark Package and will be used in Google Cloud Platform and Firebase products. It will also have an additional benefit of $20,000 credit.
Who is eligible to apply for the offer?
Google’s move comes at a time when acquisitions and buyouts are the order of the day. A lot of large institutions are now acquiring small businesses or start-ups perhaps in an effort to tap into their innovation and expertise. Besides, the market is in high demand of technology in the facilitation of enhanced processes.
However, the offer by Google will not be for anyone. The company is more interested in start-ups that have been running their service for the last three months. They must also have been writing three stories a week.
The offer of the package kick-starts in June but the applicants must have applied on the company’s registration page by April 28. The applicants will know their fate in June after the review of their applications by media innovation team from Google Campus Seoul and Google Korea.
The use of cloud services is on the rise
Google’s Cloud Platform is mainly in use by developers in the building of a wide range of websites and applications. It is also worth noting that a lot of enterprises are now turning to the use of cloud services to manage their operations. The cloud platform is said to be faster and responsive to innovation.
Google is not alone in this because Facebook Inc (NASDAQ:FB) is also collaborating with 10 South Korean establishments in the VR/AR industry. In the meantime, Alphabets stock closed at $839.88 a decline of $1.82 or 0.22%