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Microsoft Ventures is going to pick 14-15 more start-ups this winter to take the total number of start-ups it enlisted so far to 50. “We have covered 34 so far, with 85 per cent of them attracting funding,” Ravi Narayan, Director of Microsoft Ventures, told Business Line .
An initiative of the IT major, Microsoft Ventures has just called for applications from start-ups to be handheld under its Accelerator programme in the next batch.
“We select about 14-15 start-ups every six months for the four-month course. We don’t fund them ourselves but we will organise meeting with investors to vet the ideas and put in funds in promising ventures,” he said.
Ravi was here at International Institute of Information Technology (IIIT-H) for a Coffee Meet-up with start-ups and those who want to float the tiny firms.
For the fifth batch, Microsoft Ventures will receive applications till June 10 and a list comprising 50 short-listed technology start-ups will be announced in the same month. It will hold one-on-ones with the representatives of short-listed firms to pick the final 14-15. The fourth batch of 16 start-ups will graduate in May.
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