IT giant Cisco intends to invest $240 Mn in the startup space in India. The company is planning to work with startups, accelerators, developers, researchers, ecosystem partners and VCs. Moreover, the company is interested in startups working on products that have global appeal in sectors like cloud computing, mobile technologies and IOT sectors. Recently, many IT giants including Infosys & Wipro have shown interests in the startups arena.
Microsoft has partnered with 150 startup accelerators around the world in 47 countries including Techstars, ERA, MassChallenge, Seedcamp, and 1871, to provide startups with $120,000/year of free Azure Cloud Services. Starups can reach out to Microsoft at http://microsoft.com/startups to check whether they qualify for the program.
Start-up Chile is launching The S Factory, a pre-accelerator for female founders. The 12-week program is designed to educate first-time women entrepreneurs with an intense course load that includes pitch training, an investor preparation lab, and progress reports from mentors. Start-Up Chile decided that a bootcamp for less experienced entrepreneurs would have a bigger impact on changing this ratio. Graduates of The S Factory will be qualified for acceptance into Start-Up Chile at the end of the three months.
HT Media Ltd, will be launching an accelerator programme for media and advertising technology companies, in partnership with US-based North Base Media, an investment firm founded by Marcus Brauchli, a former top editor with The Washington Post and The Wall Street Journal (WSJ). More information will be available after the formal launch on Friday in Delhi, India.