August 30, 2016 | The EastMakers Program, a new incubator focusing on the Internet of Things and hardware, launched Monday night in Tel Aviv at and event at the Google Campus. The program is a collaboration between StartupEast, a three-year old incubator that helps Israeli companies expand into Asian markets, and MakeMountain, a Shenzen-based incubator that helps companies in the field of manufacturing. It is the first such program focused on IOT and Hardware. The joint venture will choose three start-ups for its first round, which will receive pre-seed investment and free services equivalent to $100,000, a one-month preparation program, and an incubation period in Shenzen to help them get their China operations up and running.
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