|By PR Newswire||
|January 15, 2014 02:22 AM EST||
BEIJING, Jan. 15, 2014 /PRNewswire/ -- Today, the third class of the Microsoft Ventures Accelerator in Beijing presented their projects at the program's concluding Demo Day. Microsoft also announced the 19 startups that will participate in the fourth Beijing Accelerator class in mid-January. Through this program, Microsoft has taken on a leading role in empowering local entrepreneurs to bring their ideas to life and in contributing to China's innovation.
A number of senior executives from Microsoft Asia-Pacific R&D Group attended the event, including Dr. Ya-Qin Zhang, Corporate Vice President and Chairman; Samuel Shen, Chief Operating Officer; and Prakash Sundaresan, Chief Technology Officer. Also in attendance were CEO in Residence of Microsoft Ventures Accelerator in Beijing, Vanessa Gao, CTO in Residence of Microsoft Ventures Accelerator in Beijing, Qiang Shen, participants of the Microsoft Ventures Accelerator from all four classes, Accelerator mentors, Microsoft partners and representatives from leading venture capital firms.
Capacity for innovation is one of the leading factors in determining a country's competitiveness. The groundwork components of innovation, such as capital, information, technology and talent, are becoming increasingly integrated across national borders worldwide. The Microsoft Ventures Accelerator in Beijing serves as a strategic partner for Chinese startups in its commitment to broaden their global reach and support them in their development into world-class enterprises.
"As an Accelerator mentor myself, I am thrilled to have the opportunity to work with some of the most enthusiastic, passionate and imaginative entrepreneurs and to support them in turning their great ideas into robust businesses," said Dr. Zhang. "In spite of being established in China for just over a year, we are excited that the Microsoft Ventures Accelerator has already received recognition from local governments, leading organizations, and the investor community. We are uniquely positioned to partner with visionary entrepreneurs to help emerging forces of innovation flourish in China and Asia-Pacific at large."
Since its inception in China in July 2012, the Microsoft Ventures Accelerator in Beijing has provided participating startups with free cloud services, a state-of-the-art workspace and direct market exposure. Through business model innovation, the application of leading technology, and mentorship in teambuilding, marketing and other business skills, the Accelerator has enhanced the entrepreneurial capabilities of all participants. Moreover, the Accelerator provides access to the capital market, marketing and HR compliance services to support their growth. Accelerator participants have each received an average of RMB1-1.5 million worth of resources.
In just over a year, 47 startups have received in-depth entrepreneurship support from the Microsoft Ventures Accelerator in Beijing. The companies cover diverse areas including finance, Internet, tourism, retail, petroleum, agriculture and education. Of the 47 startups selected after rounds of screening, 90% have received recognition and investment from capital firms and achieved rapid business growth. For example, 91Jinrong, an online financial intermediary website graduating from the third class, received RMB 60 million in Series A funding during its participation in the Accelerator program, with over RMB 300 million in daily loan transactions. Its finance product ZENG ZHI BAO ("Value-added Treasure") received RMB 300 million in subscriptions in the first week after its launch. Another example is Guardtime, the inventor of the patented keyless signature technology that can verify and certify the time, origin and data integrity of electronic data signatures, who achieved a staggering 1,750% growth in revenue in the past six months. Stone Mountain, the online video technology provider, also gained nearly 100 paid business clients during their six months of training in the Accelerator.
"Looking ahead, the combination of mobile, social, cloud and big data will bring huge changes to traditional industries and will profoundly change people's lives," said Sundaresan. "We are putting our best people and resources into helping these startups develop more quickly."
In recruiting Microsoft Ventures Accelerator in Beijing's fourth class of participants, the program received applications from 420 startups. After multiple rounds of screening, 19 outstanding companies were selected (see appendix for comprehensive list companies). The focus of the fourth startup class will include: stock market simulation application and online finance platforms; consumer electronics, smart home and healthcare products; application and model innovation of the Internet of Things; user-generated video content for mobile and owned media broadcasting; cloud services for entertainment and copyrighted content; and big data visualization solutions for various industries. The fourth Accelerator class includes two teams from outside mainland China - TradeHero, a Singapore startup that specializes in innovative stock market simulations, and Taiwan-based Huodongxing, which has developed a unique online registration and ticket sales platform. The new class will participate in the program for six months from January to July, 2014.
"Microsoft is keenly aware of the power and importance of innovation. The startups participating in the Accelerator embody the spirit of innovation and we will spare no effort to connect these companies to the resources they need in each stage of their development," said Vanessa Gao, CEO in Residence of Microsoft Ventures Accelerator in Beijing. "The fourth startup class features businesses from diverse geographic locations such as Taiwan and Singapore, which speaks volume to the appeal and influence of the Accelerator. In the future, we will continue to expand the scope of recruitment to further energize the venture ecosystem in China and Asia."
Since the launch of the Microsoft Ventures Accelerators globally two years ago, the program has set up accelerators in Bangalore, Beijing, Berlin, London, Paris and Tel-Aviv. Together these accelerators have empowered a total of 154 startups, reflecting a global movement of innovation.
Startups Selected for Microsoft Ventures Accelerator's Fourth Class (listed below in no particular order)
1. My Manisku Pte. Ltd.
Founded by a team from Singapore, the company has developed and operates TradeHero, a free mobile stock market simulation app that uses real-world stock market information to create an unrivalled global social investment network. TradeHero is ranked the top finance app in 79 countries.
2. Sumscope L.P.
A company that provides a platform for real-time information and data services for the RMB fixed income and derivatives markets.
3. Tomoon Technology Co., Ltd.
A provider of "geek" consumer electronics and optimized solutions and services. The company recently released the T-Fire smart watch.
4. Yuanchuang Yitong (Beijing) Technology Co., Ltd.
A company focusing on the creation and sharing of content and related profit generation, while respecting the rights of both creators and sharers. It is committed to building up a win-win copyrighted content cloud service platform that consists of two sub-platforms - zuopintong.com for content sharing and yibi.com for payment.
5. Beijing Dnurse Technology Ltd.
A company that enables diabetic patients to manage their health conditions through a smartphone-connected glucometer and a cloud-based database.
6. Beijing Waqu Smart Technology Co., Ltd.
A mobile client service provider that helps users discover and watch user-generated videos of interest.
7. Tianjin Sea Cloud Technology Co., Ltd.
A company that uses computer graphics and image processing techniques to provide integrated visual data interaction solutions for customers in various industries.
8. Mybank Information Technology Co., Ltd.
Mybank is an online finance product platform connected to many Internet business websites and supported by all kinds of smartphone apps, providing Internet users with finance product information and transaction services. It also provides a direct-sale cloud platform for banks that integrates banks' finance services with users' everyday lives.
9. Hangzhou SegmentFault Technology Co., Ltd.
SegmentFault is an online Chinese developer community that provides a technological communication platform for developers.
10. PICOOC Technologies LLC
PICOOC is an innovative mobile Internet company specializing in high-end wearable devices and smart home devices. Its core businesses include smart devices, personal/family health solutions and health-focused apps based on smart operating systems.
11. Blueberry Information Technology Co., Ltd.
A mobile-based social broadcast service enabling users to share their lives with friends through a combination of voice, images and texts. Users can also subscribe to other mobile casts or open their mobile casts for subscription.
12. One Cloud Cultural Consulting Co., Ltd.
Tizi.com, operated by One Cloud, has the largest and most comprehensive test question database and courseware resources. In addition to providing teachers with powerful teaching and research tools, it also provides students with customized learning progress diagnosis and leaning plans through such features as online tests, assignments and Q&As, and keeps parents informed about their children's education.
13. Youjuhui (Beijing) Technology Co., Ltd.
Bihang.com, operated by Youjuhui, is the most professional bitcoin wallet and application platform in China.
14. Hangzhou Luzhao Network Technology Co., Ltd.
The company operates a "super taxi" operation and service platform integrating three spaces (real world, telephone and Internet).
15. Run Mobile (Beijing) Technology Co., Ltd.
A mobile Internet company providing first- through third-tier stars and ordinary actors with a full range of SOLOMO mobile Internet and virtual product solutions and value-added services.
16. Beijing Wanbang Huatang Technology Co., Ltd.
A company providing individual and group users in China's primary and middle schools with products and services based on high-level digital content and academic performance diagnosis and assessment services based on its unique educational assessment technology and big data technology.
17. Beijing Aike Creative Information Technology Co., Ltd.
Huodongxing.com, operated by Aike, is the most well-known and influential event ticket platform in the Greater China region. Focusing on the rapidly growing MICE (meetings, incentives, conferencing, exhibitions) industry in Asia, especially the Greater China region, the company provides comprehensive event ticket services including payment, electronic ticketing and user management.
18. Chenfengyun (Beijing) Technology Co., Ltd.
The company is the developer of Quick Bird, which uses the latest cloud acceleration and compression technology to achieve quicker mobile Internet access at lower data usage.
19. Canshang Taihe Advertising (Beijing) Co., Ltd.
The company integrates app markets, aggregation platforms, top app media, third-party monitoring organizations and advertising platforms to provide all-new mobile Internet solutions including Windows phone mobile advertising media services.
About Microsoft Ventures
Microsoft Ventures is a global initiative to help entrepreneurs turn brilliant ideas into great companies. We work with startups at every stage of maturity to provide the tools, resources, and expertise they need to succeed. The initiative is broad-based, and includes a community program, accelerators, and a seed fund. Our approach helps startups scale their business, bring innovative services to market and reach new customers.
Visit Microsoft Ventures at www.microsoftventures.com to learn more about how Microsoft is helping the next generation of smart companies take flight.
About Microsoft Ventures Accelerators
Microsoft Ventures Accelerators enable top entrepreneurs to launch their company through an immersive 3-6 month program. Startups accepted into the programs gain access to business mentors, technical and design experts, office space and resources to help entrepreneurs quickly scale their business. The accelerators are located in several cities around the world, including Bangalore, Beijing, Berlin, London, Paris and Tel-Aviv.
SOURCE Microsoft Ventures Accelerator
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 3, 2015 11:30 PM EDT Reads: 250
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 3, 2015 11:00 PM EDT Reads: 694
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 3, 2015 10:45 PM EDT Reads: 220
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 3, 2015 06:45 PM EDT Reads: 537
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Aug. 3, 2015 05:45 PM EDT
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 3, 2015 04:00 PM EDT Reads: 278
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Aug. 3, 2015 03:45 PM EDT
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
Aug. 3, 2015 03:30 PM EDT
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Aug. 3, 2015 03:15 PM EDT
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 3, 2015 03:00 PM EDT Reads: 561
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Aug. 3, 2015 12:30 PM EDT Reads: 209
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 3, 2015 09:45 AM EDT Reads: 369
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 3, 2015 07:30 AM EDT Reads: 194
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Aug. 2, 2015 06:00 PM EDT Reads: 1,140
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 2, 2015 04:00 PM EDT Reads: 439