Author: Paul Sawers / Source: VentureBeat
Facebook has officially opened its first in-house incubator, which will be held in its London headquarters.
The company first announced LDN_LAB back in December when it opened its new HQ in the U. K. capital. The incubator will launch three 12-week courses throughout 2018, and seven U.K. startups will participate in the inaugural program, which kicked off on Monday.
Each three-month program will focus on helping startups grow their business, with the first intake aimed specifically at those using technology to build communities.
This feeds into Facebook’s broader mission to help people have more meaningful social interactions. Indeed, Facebook launched its first Communities Summit in the U.S. last year to bring group and page admins together under one roof, and it later expanded the program to Europe. A few weeks back, Facebook also pledged up to $10 million in grants for a new community leadership program.
Facebook’s new HQ in London’s West End is the company’s largest engineering hub outside the U.S. and is expected to house more than 2,000 employees by the end of 2018.
LDN_LAB is being…
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