Microsoft Ventures in India has announced the final list of its selected technology startups that will constitute the 2014 summer batch at the Microsoft Ventures Accelerator Program.
The selected 16 startups are Appointy, App Virality, Bookpad, Boutline, Imly, InstaSafe, IntouchApp, Metaome, Sliderule, Voonik, MyBusTickets.in, Praxify, Thinxtream, Touchfone, ZingHR and Zoom.
Welcoming the fourth batch, 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 Program 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 startup ecosystem is evolving rapidly.”
Microsoft Ventures in India partners with industry bodies to support the startup community and widen its reach. The program selects its startups through an application process, followed by a face-to-face presentation session to a panel of judges.
In India, the accelerator has graduated 35 startups since August 2012, of which, about 80% have received outside funding. Two graduates, Adepto and Plustxt, have been acquired
Microsoft Accelerators currently operate in Bangalore, Berlin, Beijing, London, Paris and Tel Aviv. It is a global initiative to help entrepreneurs build great companies. The program helps startups scale their business, bring innovative services to market and reach new customers.
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