The company will offer entrepreneurs lab space, office space, talent and other resources for rent at its South San Francisco campus.
The “partner space” model takes inspiration from startup accelerators and co-working lab spaces. However, Verily does not invest in all of its startup participants, although it conducts a “venture-like review” of its applications, Verily Strategic Business Development Lead Andrew Harrison explained to CNBC. Verily can house about five to 10 startups at a time, Mr. Harrison added.
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