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Microsoft to incubate 10 Indian start-ups
Wednesday May 23, 2012 07:56:31 PM,
IANS
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Bangalore: Global
software major Microsoft will incubate 10 early-stage technology
start-ups in cloud computing, internet and mobile using its
Accelerator for Windows Azure programme to help them build
businesses, a top official said Wednesday.
"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," Microsoft India (R&D)
Managing Director Amit Chatterjee told reporters here unveiling
the programme in the Indian sub-continent.
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 start-ups will also be able to leverage the company's Metro
user interface on Window 8 and Window Phone to operate in a cloud
environment.
Cloud computing uses a network of computers, data centres and
storage systems as an integrated IT infrastructure for seamless
operations, eliminating investments in stand-alone IT installation
by enterprises and small and medium businesses.
To be selected for the four-month incubation, prospective
start-ups can apply online from Wednesday till July 1 and join the
programme from September at the company's office in this tech hub.
"The start-ups will have the benefit of mentorship and coaching
from successful entrepreneurs, leading venture capitalists and
industry leaders. We are also partnering with industry mentors to
provide start-ups with the support they need to innovate and
become successful businesses," Chatterjee said.
The company will also facilitate meetings between start-ups and
venture capitalists and prospective investors in addition to
mentoring.
"The benefit of the programme will be measured by the success of
the start-ups though we will have no stake in them," Chatterjee
said.
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