Microsoft to launch its own angel fund

Jul 13, 2012
Microsoft has launched an investment fund looking to give startups the cash to originate "game-changing ideas" in the tech sector.

Microsoft has launched an investment fund looking to give startups the cash to originate "game-changing ideas" in the tech sector.

The company announced Thursday that its Bing Fund would be "an angel fund with an incubator program, founded by entrepreneurs... and backed by the experience, expertise, and resources of Microsoft."

"We want to partner with like-minded entrepreneurs -- great talent that is innovating online to solve big problems and create amazing ," a company blog said.

The move comes as Microsoft, which remains the dominant player for , has lagged in other areas as companies like Apple, and Facebook expand their offerings.

"Where other people see merely interesting ideas, entrepreneurs see possibilities for making the world work better," the company said.

"Many talented people come up with game-changing ideas, but it takes an entrepreneurial spirit to stare down the words 'it can't be done' and make innovation real."

The statement posted on the blog of Bing, the Microsoft search engine, said it was "inviting promising startups based in the US to work with us for at least four months."

It said some of the things the fund was seeking include "building online or mobile experiences that incorporate fresh insights."

"We want startups with both inspirational vision and ability to execute," the statement said.

This may include a working prototype, website or application that is already operating and gaining momentum, or a "compelling plan."

Those selected will get subsidized usage of technical data from Bing and Microsoft Research, and some assistance on technical issues.

The investment will come in the form of a convertible note, and Microsoft will also make introductions to other "strategic investors."

"Your IP (intellectual property) and product, of course, remain yours, even if we give input and assistance," the statement said.

Explore further: Apple a decade behind Japan mobile payment curve

add to favorites email to friend print save as pdf

Related Stories

Microsoft rolls out more social Bing search

Jun 01, 2012

Microsoft on Friday rolled out a revamped Bing that includes insights from Facebook and Twitter in the biggest overhaul of the search service since its launch three years ago.

Bing search takes to iPads

Apr 08, 2011

Microsoft has tailored a version of Internet search service Bing for Apple's hot-selling iPad tablet computer.

Microsoft offers $20,000 payouts for Kinect apps

Nov 23, 2011

(PhysOrg.com) -- Microsoft has launched a project where it will give 10 companies $20,000 each for making the best use of Kinect on Windows or the Xbox. The project is Microsoft’s strategic push for extending ...

Recommended for you

Apple a decade behind Japan mobile payment curve

14 hours ago

Apple's proud announcement that its new iPhone could be used to buy goods in a single swipe left customers non-plussed in Japan, where mobile contactless payments have been normal fare for a decade.

Alibaba IPO gives fresh life to Yahoo

16 hours ago

China's Alibaba will star on Wall Street with its upcoming stock offering, but US-based Yahoo also gets a windfall, which may help the turnaround efforts of the fading Internet pioneer.

China's Alibaba sets new path with US IPO

16 hours ago

With a possible record-breaking stock offering, Chinese online giant Alibaba is set to boost its role as a global company with a massive expansion potential.

Netflix sets sights on European screens

Sep 13, 2014

US online streaming giant Netflix will launch the second phase of its European expansion plan on Monday as it sets about seducing French viewers with a "House of Cards"-style drama set in Marseille.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

alfie_null
not rated yet Jul 14, 2012
If one of these subsidized startups develops a product that is perceived as threatening to established Microsoft products, what will Microsoft's response be? A conundrum for any large corporation.