The four-month incubation selection process includes prospective
start-ups to apply online till July 1 and then join the programme from
September at the company's office. With the programme introduced by
Microsoft, it also plans to assist with meetings between start-ups and
venture capitalists and prospective investors. However, the company’s
benefit lies in the success of the start-ups and does not plan on a
stake.
"The start-ups will have the benefit of mentorship and coaching
from successful entrepreneurs, leading venture capitalists and industry
leaders. We are also partnering with industry mentors to provide
start-ups with the support they need to innovate and become successful
businesses," Microsoft India (R&D) Managing Director, Amit Chatterjee revealed.
AICTE became one of the biggest clients of Microsoft by deploying the
latter’s cloud solution for its institutions across the nation. HP
declared its Converged Cloud in Mumbai recently, soon after the service
was launched in the U.S. Cloud helps deliver IT services to retrieve
resources from the Internet through web-based tools and applications,
instead of direct connection to a server. HP is said to have set up
maximum private clouds in the country. HP’s Converged cloud is a
combination of traditional, private, public and managed clouds.