IndiaCatalog.com
India News
Search Web Directory
News Home
Microsoft restructures startup accelerator programme
Posted on 13th March 2018
BENGALURU: Microsoft is revamping its startup accelerator programme, which began in 2012 with one each in Bengaluru and Israel, and changing its leadership teams.

The accelerator’s global director Ravi Narayan, general manager Tzahi Weisfeld, and director of operations Amir Pinchas are said to be moving to different roles within the organization. Israel-based Weisfeld announced in January that he was stepping down and moving to an unspecified position in Microsoft.

The accelerator programme will now be called Microsoft ScaleUp and it will be a more mainstream activity within the company under a broader initiative called Microsoft for Startups, announced in February. The programme will be handled by a central team sitting in the US.

Under Microsoft for Startups, the company has committed $500 million to be deployed over the next two years to offer joint sales engagements with startups, along with access to technology, and new community spaces. Microsoft Ventures (for venture capital investments) and Microsoft Reactors (for physical spaces) are the other two verticals under it.

When contacted, Microsoft said it did not have any information to provide other than a statement it shared last week. That statement said: “We are investing in our accelerators by expanding the spaces and technical / community resources startups can take advantage of. We have also expanded our startup offers for all regions, including India. We have an open managing director position in India and are actively recruiting for the position.”

Weisfeld and Pinchas, who worked out of Tel Aviv, were instrumental in setting up the first Microsoft Accelerator in Israel. Narayan was one of the key leaders in the Indian startup ecosystem and helped shape the Microsoft accelerator programme here through various partnerships with Nasscom, iSpirt, and TiE (The Indus Entrepreneurs). He also contributed to various startup growth programmes, including helping Microsoft co-sell with startups.

After the Bengaluru and Israel accelerators, the programme was expanded to six other cities, including Seattle, London, Berlin, Shanghai, Beijing, and Sydney. Narayan was previously the CEO-in-residence for Microsoft Accelerator in India and became the global director for Microsoft Accelerator in June 2016. The Microsoft accelerator was one of India’s earliest, and also one of the most successful. Since 2012, it has graduated over a hundred Indian startups.

Annie Parker, former CEO of Australian tech startup network Fishburners, will be joining Microsoft as the global head of the ScaleUp programme this month, and will presumably take over Narayan’s team. Calls and mails to Narayan did not elicit a response.

Bala Girisaballa, who replaced Narayan as the India MD in 2016, also moved out of the company recently to join US-based startup accelerator Techstars as its India head.

Related Companies: Microsoft India (R&D) Pvt. Ltd.   

Other Latest News
IBC eliminates right to redemption of Essar Steel shareholders, says lenders
Posted on 19th December 2018
The Insolvency and Bankruptcy Code eliminates the right to redemption of Essar Steel shareholders, the counsel to lenders and ArcelorMittal said as part of their rejoinder arguments to Essar Steel Asia Holdings (ESAHL)’s plea for consideration of their settlement offer proposed ‘for and on behalf of Essar Steel’.

PE Play: Carlyle eyes PNB’s stake in PNB Housing Finance
Posted on 19th December 2018
Carlyle Group is seeking to double its holding in mortgage lender PNB Housing Finance, people familiar with the matter said, reversing an earlier attempt to pare its stake in the company.

The US private equity firm is considering buying Punjab National Bank’s (PNB) shares in PNB Housing, which would give it a controlling stake, the people said, asking not to be named as the information is not public.


RBI announces further OMO purchase of Rs 50,000 crore in Jan 2019
Posted on 19th December 2018
The Reserve Bank of India (RBI) on Tuesday announced further purchases of government securities (G-secs) under open market operations (OMOs) for a total amount of Rs 50,000 crore in January 2019. The operations will be conducted through five auctions of Rs 10,000 crore each.

RBI also decided to scale up the amounts to be purchased in the remaining two OMO auctions scheduled in December 2018 to `15,000 crore each after evaluating current liquidity conditions.


Detailed Sebi guidelines on side-pocketing soon
Posted on 19th December 2018
Markets regulator Sebi will soon issue detailed guidelines on the creation of segregated portfolio or side-pocketing for debt and money market instruments. The Securities and Exchange Board of India (Sebi) also asked fund houses to strengthen their in-house credit risk assessment system instead of completely depending on rating agencies.

Govt likely to sell 3-5% stake in NTPC via OFS
Posted on 19th December 2018
The Centre will likely sell 3-5% stake in NTPC soon through the offer-for-sale (OFS) route to garner between Rs 3,500-6,000 crore. The roadshow for OFS was held on November 21-22 in Mumbai to gauge the investor appetite, an official said.

The share price of NTPC has been on the upswing for last few days partly due to its acquisition of the 720 MW Barauni Thermal Power Station from Bihar State Power Generation Company.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Microsoft restructures startup accelerator programme
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Microsoft restructures startup accelerator programme

Most Read News

Pune travel agents protest Air India plan to use one GDS

Axis Bank launches QuikPay Home Loan; a Monthly Instalments Plan

Paytm Money enables ‘UPI Payment’ facility for Mutual Fund Investments

No respite for RCom: Supreme court denies more time to clear Rs 550cr dues to Ericsson

ONGC board to consider share buyback on Dec 20

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement