Microsoft launches Microsoft Ventures for startup initiatives

On Tuesday, Microsoft announced the launch of Microsoft Ventures; a collection of tools, resources, and expertise for entrepreneurs. The program is designed to create a single nexus for all of Microsoft’s programs so that startups have an easier time of taking advantage of them.

Microsoft Ventures has three components.

First, a new community program, which encompasses BizSpark as well as partnerships that Microsoft has with local organizations that support startups around the world.

Second, the company’s accelerator program will also become part of Microsoft Ventures, and will expand to Berlin, Moscow and Rio de Janiero.

Finally, the Bing Fund has evolved into the Seed Funding from Microsoft Ventures which gives businesses direct funding from Microsoft.

In a blog post, Rahul Sood, general manager of Microsoft startups said since 2008, Microsoft BizSpark programs have provided resources to over 75,000 startups. Microsoft started opening accelerators in 2011, which have graduated 114 startups.

In order to apply, one must have a team and a strong vision to succeed. Besides that company must have less than $1 million in funding. If you are interested, visit Microsoft Ventures here.