Google said to be building in-house startup incubator to keep staff from leaving

Google is hoping to keep its talent in-house and stop them from striking out on their own by creating its own startup incubator, if rumours are to be believed. According to The Information’s sources, Google is creating what’s called Area 120, which will let employees pursue their 20% projects—a.k.a. those projects Google allows its employees to work in a fifth of their working hours—full time. Those supposedly interested in doing this just have to submit a business plan, and if these are accepted, they can spend several months working on the idea. It could mean helping employee’s scratch their inventor itch while keeping them from losing their job at Google.

The tech giant hasn’t confirmed these plans yet. But it does seem like something that will help them keep their employees from jumping ship and joining other companies that look to undermine Google’s business. But whether that is enough to keep employees in remains to be seen. It could help them with developing the next big idea within its walls though.

Source: The Information | Via: Engadget