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Microsoft announces "Accelerator Plus Programme" for later stage start-ups

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Microsoft announces "Accelerator Plus Programme" for later stage start-ups

Microsoft Ventures in India has announced the final list of technology start-ups that will constitute the 2014 summer batch at the Microsoft Ventures Accelerator Program in India. The 16 start-ups are Appointy, App Virality, Bookpad, Boutline, Imly, InstaSafe, IntouchApp, Metaome, Sliderule, Voonik, MyBusTickets.in, Praxify, Thinxtream,Touchfone, ZingHR and Zoom. Six of these companies, namely MyBusTickets.in, Praxify, Thinxstream, Touchfone, ZingHR and Zoom, will constitute the newly-launched Accelerator Plus Programme, which is tailor-made for start-ups that have customer traction and know their market fairly well, whose needs are vastly different from early stage companies.

 

Ravi Narayan, Director, Microsoft Ventures, said, “The good thing about this batch is that most of these companies already have a certain amount of customer traction and the Accelerator Programme is well positioned to step in and help them move ahead faster than they would have otherwise. We saw a lot of great applications this time around, which means the start-up ecosystem is evolving rapidly.”

 

Microsoft Ventures in India partners with industry bodies to support the start-up community and widen its reach. Four start-ups from the latest batch - Bookpad, Praxify, Imly and Boutline - were selected at events organized by one of our industry partners, NASSCOM.

 

The other participants in the batch came through applications received over two months. All applicants went through a rigorous selection process, culminating in face-to-face presentations to a panel of judges.