Google is founding an incubator for Israeli start-up companies. The US Internet search engine plans to rent a full floor in the Electra tower in Tel Aviv, which will also serve as headquarters for Google Israel. Twenty start-up companies at a time will be hosted in the incubator, rotating every few months. Google Israel will not seek stock in the companies but plans to help them secure loans and other financial assistance. Amir Shavit and Eyal Miller will head the project.