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Microsoft Ventures Accelerator Project in Beijing has 47 “Alumni”

Ike Suarez | Jan. 27, 2014
As new class of 19 startups joins project

There are already 47 startups that  are alumni of  the Microsoft Ventures Accelerator project in Beijing with 19 more startups now having started this January to take part in this entrepreneurial business incubator programme.

An annex to a press statement by the Microsoft Asia -Pacific Development Group said 90% of the startups that have graduated have received funding from investors.

The range of businesses engaged in by these 47 alumni included finance, Internet services, tourism, retail, petroleum, agriculture and teaching, according to the statement.

New Class

On the other hand, the 19 additional startups form part of the fourth round of the Accelerator project that has just started, according to a PR/Newswire statement.

This new class will participate in the programme until July 2014.

According to the PR/Newswire statement, focus of the new startup class will include stock market simulation and online finance platforms, consumer electronics, smart home and healthcare products, application and model innovation of the Internet of Things, user generated content for mobile and owned media broadcasting, cloud services for entertainment and copyrighted content and big data visualization for various industries.

The Microsoft Ventures Accelerator project in Beijing began in July 2012, serving as strategic partner for startups.

Participants receive an average of RMB 1-1.5 million worth of resources.

Other Microsoft Accelerators are in Bangalore, Berlin, London, Paris and Tel Aviv.



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