Revealed: How Online Population Would Hit 5Bn By 2020

Google logoThe world’s online population will double to five billion by 2020 presenting “huge” business opportunities for tech start-ups on the cutting edge of the unprecedented expansion, the head of Google Europe said Thursday.

“The connected population is going to double in five years. Five billion online. Everyone with the entire Internet in their pockets,” Google Europe president Matt Brittin said in Warsaw as he opened his company’s fifth “campus” for IT start-ups.

“That’s a huge opportunity,” he said, adding that “this is a transformational period.”

“Five years where we’ll go from a minority to a majority of the people on the planet being connected. That’s why the moment is now for start-ups to look up and out and think about that market of five billion people that you can connect with in the next five years.”

Google chose a renovated vodka distillery in a poorer area of the Polish capital for its first “campus” for IT business start-ups in eastern Europe.

ALSO READ  Where to Secure Tertiary Admission without JAMB

The facility is one of five tech hubs the global IT giant has created worldwide, with a sixth planned to open in Sao Paulo, Brazil, in the first half of 2016.

Google, which got its start in a garage, provides tech start-ups with low cost or free-of-charge spaces to meet and work at the campuses, along with business mentoring.

Brittin said that although Google is a search engine, it has also become “a growth engine for entrepreneurs and for the economy”.

“Today we see millions of companies who are growing and exporting by accessing tools, talent, technology, sales and distribution around the world. We call them the ‘micro-multinationals’. Every start-up can be global from its birth.”

ALSO READ  Birthday Anniversary: Oghenesivbe Congratulates DESOPADEC MD, Askia Ogie

Poland’s new Minister for Development, Mateusz Morawiecki, said he hoped the tech hub would help stem the brain drain of young Poles to western Europe in search of better opportunities.

Over two million Poles have moved west, mostly to wealthier Britain and Germany, since their country joined the European Union in 2004.

“I see Campus Google as an opportunity for Polish and central European ‘micro-multinationals’ …to curb brain drain,” Morawiecki said at the facility’s opening.

The US company opened its first start-up campus in London in 2012, which has created 1,800 jobs so far according to Google, followed by ones in Tel Aviv, Seoul and Madrid.

ALSO READ  FG Disburses N5m to Empower 500 Women in Oyo

 

>TheStreetReporters.com is your BREAKING NEWS platform. Do you have Breaking news for us?
Call: 08175047979
Or Email Us: newsroom@thestreetreporters.com
Follow Us on Twitter @streetreporters
Join Our Fans on Facebook: facebook.com/thestreetreporters
Visit Our Website: www.TheStreetReporters.com
Post/ Read Breaking News on Our Forum: www.thestreetreporters.com/forum

The Street Reporters Newspaper is your BREAKING NEWS platform. Do you have Breaking news or Opinion article for us? | *Call: +234 817 504 7979 | Or Email Us: news@streetreporters.ng | Follow Us on Twitter https://twitter.com/streetreporters | Join Our Fans on Facebook: https://facebook.com/streetreporters.ng | Follow us on Instagram https://intagram.com/streetreporters | Advertise With Us: +2348035823617 | Visit Our Website: www.StreetReporters.ng

Share and Enjoy !

What's your thought about this story? Write your comment here

%d bloggers like this: