Microsoft India has announced the launch of Microsoft Accelerator for Windows Azure in India. 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.
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. The selected startups will also have access to all the resources of Microsoft’s BizSpark program and $60,000 in Azure credit through the Microsoft BizSpark Plus program. The program is part of the Global Accelerator Network (GAN), and hence the inducted startups will have access to the global resources of GAN.
Microsoft Accelerator for Windows Azure is hosted in Microsoft’s state-of-the-art facility in the heart of Bangalore, and you would have to be full-time on the site for the four months. The facility 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. Of course, you would have to be in India during the program.
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.
In a conversation over Skype, Amit Chatterjee(Managing Director, Microsoft India (R&D) Pvt Ltd) mentioned that success of this program will be measured by the success of these startups. Microsoft would not retain any equity or IP from the companies and is not a stakeholder in any way. Although, there are no definite plans, he was optimistic that if successful the program can scale up to include more startups in next phases or extend to other cities with a similar thriving startup ecosystem. A similar program has been announced in Seattle few weeks ago and one has been kicked off in Israel.
Starting today till July 1, 2012, you can apply for the program. Ten applicants, selected through a rigorous process of screening, will be invited to join the program in starting September 3, 2012. Details: http://www.microsoft.com/india/accelerator.