Indian Start-up Summer Batch 2013 graduates from Microsoft Accelerator
India today has become the main centre of start-ups. The employees and even fresh graduates are packed with ideas of what can be created into a successful business; people are giving up lucrative job offers; successful executives are leaving high-paying jobs to become entrepreneurs. While most of them have interesting ideas, at times their success is limited by a few critical factors such as lack of mentorship, access to funds and the inability to build a strong business foundation. Thus, to address these challenges, Microsoft has taken an initiative.
Microsoft(NASDAQ:MSFT) has announced the graduation of its second India batch of technology start-ups, which is also its Summer Batch of 2013. The nine start-ups which graduated include explara, deck, Harness, i7 Networks, iDOS, SupportBee, TableGrabber, Tuebora and Visarity.
Mukund Mohan, CEO-in-Residence, Microsoft Accelerator in India, said, “We are extremely happy with the progress this batch, which ranges in businesses from education, enterprise mobile security, customer support, event management and the hospitality industry, has made during the last four months at the Accelerator. We had handpicked them from 450+ applications.
Basis our learning’s from batch one, we made several improvements in our programme, e.g. including more seed stage/angel investors as lead mentors, sharper focus on product definition and roadmap and stronger UX support. All these have helped this batch immensely as they prepared to take a significant leap into the global marketplace.”
The Microsoft Accelerator team has also announced that it is shortlisting applications for the third batch, which will become the 2013 Winter batch. By early July, the team will announce the list of the final 15 start-ups. The four-month incubation process at the state-of-the-art Microsoft office in downtown Bangalore will begin on July 15 and end with Demo Day on November 15 when the start-ups will showcase their ideas to key industry influential, investors and VCs.