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Microsoft’s Azure Accelerator In China Debuts Inaugural Class
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As you may recall, Microsoft recently got into the startup accelerator game, launching its first self-directed and self-run accelerator in Israel. The program is different from Microsoft’s Kinect Accelerator, for example, because Microsoft is the owner and operator of these new programs, which are now rolling out elsewhere in the world, including India and China. Unlike your typical YC clone, Microsoft is not snagging an equity stake nor providing funding for the startups it hosts. But it also doesn’t plan to run out of cash for its programs, either. (See Mike’s deep dive into the Israel-based incubator here).
This Friday, the Chinese accelerator will announce its inaugural class of startups, a unique group because of Microsoft’s focus on cloud computing businesses which already have products and end users.
source: http://feedproxy.google.com/~r/Techcrunch/~3/Evs6N0vpcG0/
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