Google is creating Area 120, a startup incubator that would help to startups by its employees. As per engadget article, it will let some employees pursue their “20% projects. ” Employees can submit their business proposals and they can also work on their personal projects without losing their job.
It is believed that the search engine giant took this major decision to prevent staff from leaving their jobs. However, there is no official conformation from Google over this development, so far.