In line with the company’s global move, Microsoft India has merged all its startup activities under a brand called Microsoft Ventures. Like we’d reported earlier, Microsoft’s Bing seed fund, startup accelerator and BizSpark have been brought under a single umbrella.
Mukund Mohan, who was the CEO in Residence at the Microsoft Accelerator in India will head Microsoft Ventures. Ravi Narayan, the former Managing Director of MentorPartners, has joined the team and will drive the activities at Microsoft Ventures Accelerator & community initiatives.
The accelerator will provide access to mentors and technical experts so that they can convert their ideas into products. The fund will offer seed investments to startups that demonstrate early business success.
As we’d written earlier, the Bing fund will cease to exist and Microsoft Ventures will invest in startups in selected regions. The accelerator which is currently in Bangalore, Beijing, Paris, Seattle and Tel-Aviv, is expanding to new locations including Berlin, Moscow and Rio de Janeiro.