San Francisco has long been known as a focal point for young businesses, and the growth of startups and innovation in SF shows no signs of slowing down. A new hub south of Market both demonstrates and expands SF’s vibrant startup culture by housing 14 startups free of charge.
Salesforce, a cloud computing company based in San Francisco, will be opening a new hub in SoMa. The startup hub will house 14 startups at a time, and each startup will be housed in the space for five months. Startups will come in and out on a rotating basis. The only requirement for participating startups is that they build on top of Salesforce’s app-building platform. Startups who use the space will not be required to pay, and Salesforce will not take any equity or investment from them.
The 14 startups are working on technologies largely aligned with Salesforce’s own product goals. Earlier in September, Salesforce announced a new AI-inspired addition to its core cloud products across sales, marketing and customer service. Accordingly, the startups in residence at Salesforce’s new incubator are working on tools that improve those core processes, like email automation or customer analytics. Several relocated from states like New York, Hawaii or Texas for the chance to immerse themselves in the Salesforce fold.
“Our reason for moving here was to understand how to scale the business: our product, teams, and customers,” said Kris Moyse of Proximity Insight, which builds customer service tools for retail sales. “We’re a little guy that wants to get big.”
Read more: San Francisco Business Times (blog) Salesforce unveils new San Francisco startup hub