China: Microsoft announced the 14 market-ready startups selected to join their Shanghai Accelerator program! After three months of rigorous recruitment culminating in an incredible Jury Day, they’ve selected companies from across cutting-edge technologies and applications like big data, IOT, fintech, digital marketing and artificial intelligence, to name a few.

According to Hsiao-Wuen Hon, Corporate Vice President of Microsoft, Chairman of Microsoft’s Asia-Pacific R&D Group, and Managing Director of Microsoft Research Asia, “Innovative technologies like cloud computing, big data, AI, machine learning and IoT are driving digital transformation across the world and bringing new challenges and opportunities to every industry. Through Microsoft Accelerator Shanghai, we will share our advanced technologies, resources and experiences, and help more startups achieve more.”

The incoming startups make up the Shanghai Accelerator’s first-ever batch!

Innovative technologies like cloud computing, big data, AI, machine learning and IoT are driving digital transformation across the world and bringing new challenges and opportunities to every industry.

Last October, they opened applications for our new accelerator in Shanghai—Microsoft’s second in China. As a global initiative designed to help promising startups grow into world-class companies, Microsoft Accelerator chose Shanghai for its strong entrepreneurial environment, access to the global market, and to complement our award-winning Beijing program.

“We are seeing great innovation coming from Chinese startups who are achieving global success enabled by our Beijing accelerator,” said Zack Weisfeld, General Manager of the global Microsoft Accelerator program. “Microsoft is proud to be increasing our startup footprint and creating more opportunities for Chinese startups with our second accelerator in China.”

Over the next four months, Microsoft’s Shanghai team will help bring these later-stage startups’ ideas to market via mentorship, access to technology, customer and investor introductions, free office space, and myriad other resources. Collectively, the 14 companies joining the program have raised over $58 million in funding.

Source: Microsoft Accelerator

 

Posted by innohacks