Microsoft has announced merging of BizSpark and Startup Accelerator program under a common brand called Microsoft Ventures, which will also do seed fund in several countries.
As part of Microsoft Ventures, the BizSpark program will continue to offer access to Microsoft tools and technologies, including Windows and Office, Visual Studio, Windows Azure and more.
As part of this rebranding, Bing fund will cease to exist and Microsoft Ventures will be investing in startups in selected regions. The accelerator which is currently present in Bangalore, Beijing, Paris, Seattle and Tel-Aviv, will be expanding to further locations including Berlin, Moscow and Rio de Janeiro.
Since 2008, more than 75,000 startups from over 100 countries have received access to tools and resources through the BizSpark program. Since launching our accelerator programs two years ago, 114 startups have graduated, and nearly all that sought a subsequent round of funding received it. We launched the Bing Fund in 2012 to make seed investments in startups, and help them build their business and improve their technology.
But we know that we can do even more. First, by unifying our various efforts, we will give entrepreneurs a single point of entry to engage with Microsoft. Startups have enough to worry about. We want to make access to us as intuitive and friction-free as possible. And for promising startups focused on enterprise, Microsoft is uniquely positioned to help in ways very few can match. [Rahul Sood, Microsoft/source]