Software Giant Microsoft Corp. has announced the launch of Microsoft Accelerator for Windows Azure. In a first for any technology company in India, the incubator will host 10 early-stage startups and help them build businesses in Cloud, Internet, and Mobile that can take the advantage of the Cloud such as e-commerce, mobile, media, social applications, gaming, education & healthcare or even enterprise products.
Microsoft India (R&D) Managing Director Amit Chatterjee, said, "The start-ups will have access to our resources such as BizSpark programme and $60,000 in Azure credit through BizSpark Plus programme to take advantage of the cloud.”
Start-ups that can build any application using the company's cloud platform and operate in any business or market segment will be eligible to apply for the programme, being launched simultaneously in Beijing (China), Tel Aviv (Israel), Seattle (US) and Bangalore.
The four-month incubation program will provide the selected startups with all the support and mentorship as part of a deep immersion program with the elite technical and business leaders in the industry, as well as at Microsoft, and investors with diverse experiences.
“Microsoft is partnering with mentors to provide start-ups with the support they need to innovate and become successful businesses. The success of this programme will be measured by the success of these start-ups. Microsoft will have no stake in these companies,” said Chatterjee.
The facility will offers everything from work areas, meeting rooms, communications, video conferencing to even a usability lab for filming product demos. The incubator is not open for only Indian citizens/residents but anyone from anywhere can apply.
At the end of the four month program, Microsoft will organize an Investor Demo Day where Microsoft executives as well as angel investors and venture capitalists will check out your technology and listen to your pitch. Microsoft will also organize informal dinners each week and invite key industry leaders, influencers, and thought leaders to speak on relevant topics.
Online applications will be accepted till July 1, 2012, and the programme will kick off on September 3 at Microsoft’s Bangalore office.
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