Microsoft is deepening its relationship with TechStars, asserting in the present day a new startup accelerator program in Seattle designed for these firms growing cloud-based companies on the again of Windows Azure. This system will kick off this fall with 1o firms touring to the TechStars Seattle incubator house within the South Lake Union neighborhood, which mockingly occurs to be primarily based only a stone’s throw from Amazon.com’s headquarters.
The new accelerator program follows the latest kick off of the Kinect Accelerator, which began earlier this month at TechStars Seattle. Eleven firms had been chosen for this system from greater than 500 entrants.
The Windows Azure Accelerator will work a lot the identical method, with 10 firms chosen from the pool of candidates. Those that are accepted into the intensive 3-month program will obtain a $20,000 funding from TechStars, in addition to mentorship and expertise from Microsoft workers and executives. Additionally, as a part of the new program, Microsoft will provide startups $60,000 in Windows Azure credit.
“By this program, Microsoft and TechStars will assist entrepreneurs, engineers and innovators to convey to life a variety of enterprise concepts that leverage the limitless potentialities enabled by Windows Azure,” Microsoft notes in a launch.
The application deadline is June twenty ninth.
Microsoft is trying to play catch-up in cloud infrastructure companies, an area that Amazon.com has dominated for years via its Amazon Net Providers providing. Partnering with TechStars is a method for Microsoft to attempt to get established early with rising startup firms.