Microsoft has launched its second accelerator for cloud-related startups, the company announced today. This one is located in emerging tech startup hotbed Bangalore, India.
Ten startups will be selected and will start Sept. 3, 2012. For four months, they will get resources and have their shot to build a smart cloud product.
The new location comes just two months after Microsoft’s first-ever startup accelerator at Israel. Just like its Israeli endeavor, Microsoft’s Indian outpost will not offer straight up cash to its startups. Instead, they will get $60,000 in Windows Azure credit, space to work in, and access to mentors.
“Through this unique initiative, Microsoft is partnering with leading industry mentors to provide startups with the much-needed support they need to innovate and become successful businesses,” said Amit Chatterjee, Managing Director of Microsoft India R&D, in a statement. “We are not only providing them technical and business guidance and mentoring, but also connecting them to prospective VCs and investors. The success of this program will be measured by the success of these startups. Microsoft will have no stake in these companies.”
Any India-based startup that wants to take part in the accelerator can apply here.
Photo credit: Microsoft
VentureBeat’s VB Insight team is studying project management...
Chime in here, and we’ll share the results