The August 13, 2009 issue of BusinessWeek featured an article entitled, "Keeping the Faith in Silicon Valley".
The article shared the story behind Silicon Vallley-based incubator, Plug and Play Tech Center. Plug and Play was founded in 2006 when it moved into a 150,000-square-foot former research-and-development facility south of Palo Alto in Sunnyvale, CA.
Saeed Amidi, Plug and Play's CEO and co-founder, set up the incubator to provide startups in the area with everything they need to get up and running quickly: office space, data and telecommunications services, networking events, recruiting services, and most of all, contact with fellow startups and potential investors.
This past June, some 30 startups moved in, bringing the total to more than 220 companies that have collectively raised more than $700 million in funding since Plug and Play began in 2006.
Interested in learning more from the CEO himself?
"The surprise for me has been that there is a formula to this." - Saeed Amidi, CEO of Plug and Play Tech Center
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