Microsoft Ventures simply opened applications for a brand new startup accelerator in Seattle centered on “digital work,” aiming to spice up startups that wish to make folks extra productive.
In keeping with a blog post announcing the new class, Microsoft is in accelerating “startups constructing scalable productiveness applications, cloud-centric software program platforms and enterprise-grade options to assist folks get extra completed.”
Registration for the cohort will shut on Jan. 30, and the accelerator class will begin on March 15. This system will run for 4 months, till the demo day on July 16. Microsoft received’t be taking any fairness in the businesses that cross by the accelerator.
Microsoft Ventures says 80 p.c of the companies which have graduated from the accelerator have obtained a median of $1.9 million in funding.
The information comes as Microsoft Ventures’s newest startup cohort wraps up. The corporate’s home automation accelerator, which it runs in partnership with American Household Insurance coverage, might be holding a demo day in Seattle at this time at 4:30 p.m. Individuals in seeing the startups can watch a live stream here.