Welcome!

News Feed Item

Microsoft Achieves Strong Recognition In Chinese Startup and Innovation Ecosystem

BEIJING, Jan. 12, 2017 /PRNewswire/ -- 14 startups from Microsoft Accelerator Beijing 8th batch program have presented their innovations during the Demo Day stage. After 4.5 years of deep engagement with the Chinese innovation ecosystem, Microsoft Accelerator Beijing has gained strong recognition by empowering Chinese startups to achieve more.

At Chinese National Entrepreneurship and Innovation Week last October, Microsoft Accelerator Beijing's booth was the only multinational company's accelerator program among the 4,600 attending incubation and accelerator programs represented and received visits from the Vice-Premier of China. Microsoft Accelerator Beijing also received visit from the Vice-Minister of Science and Technology of China, who once again recognized Microsoft Accelerator Beijing's efforts and achievements.

"The past four and a half years have witnessed the strong growth of Microsoft Accelerator Beijing, as well as the Microsoft Accelerator globally, since its beginning in 2012 in Israel. The goal of the Microsoft Accelerator initiative is to empower entrepreneurs around the world on their journey to build great companies," said Tzahi (Zack) Weisfeld, General Manager, Microsoft Accelerators. "Microsoft Accelerator has rolled out globally to 6 countries with 7 accelerators in operation. A total of 534 startups have passed through and 82% of them have received funding totaling US$2.1 billion, plus 3 IPOs and 38 acquisitions."

"Microsoft Accelerator Beijing has gained strong recognition among the startup and innovation ecosystem in China," said Bin Luo, CEO in Residence, Microsoft Accelerator Beijing. "Now we are not only one of the best accelerators in China but the connecting and sharing platform for startups and the innovation ecosystem in China. We are pushing the boundaries of the traditional accelerator model to include business development and leads generation, marketing and sales support, operations efficiency, and more. By integrating tightly into the business operation of startups, Microsoft Accelerator Beijing is empowering Chinese entrepreneurs to build great companies."

For the past four and a half years, Microsoft Accelerator Beijing has accelerated 140 startups in China with 93% of them successfully raising funding during the enrolled period with total valuation reached of over 40 billion RMB and a growth rate of over 600%. 20% of the alumni have acquired new customers with the support of Microsoft Accelerator Beijing.

During the 5 months of the 8th batch program, Microsoft Accelerator Beijing hosted over 100 events including resource matching with multiple Chinese government organizations and associations, marketing and sales lead generation events targeting large enterprises and corporations, and joint marketing promotions with other accelerators in addition to training, media promotion and alumni events.

Microsoft now can accelerate Chinese startups faster by offering more internal resources.

To speed up the business of the 8th batch of startups, Microsoft Accelerator Beijing has brought in more resources such as those offered by overseas funds including Sequoia, IDG, Fidelity International and Temasek. And for the first time, Microsoft Accelerator Beijing organized business development programs that directly engaged with global 500 companies as well as large enterprises in China, such as BMW, Mercedes-Benz, Daimler AG, IBM, Intel, Foxconn, Accenture, Pactera, China Development Bank, and more.

By building strategic partnerships and flagship customers for startups, Microsoft Accelerator Beijing enables startups to expand both domestically and globally. And to be better prepared for IPOs, Microsoft Accelerator Beijing also invited KPMG for a special training on auditing for publish listing and full entrepreneurship skills.

With the 8th batch program, Microsoft Accelerator Beijing has focused more on cloud computing, big data, IoT, artificial intelligence, VR/AR and information security in the enterprise and business sector. Microsoft Azure has become the world top cloud computing platform for building intelligent, cross-platform apps and services. And graduates from Microsoft Accelerator Beijing have grown into the Microsoft Azure cloud ecosystem as well. Together, Microsoft Accelerator Beijing will be able to empower the Chinese digital economy in the long run.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/microsoft-achieves-strong-recognition-in-chinese-startup-and-innovation-ecosystem-300390143.html

SOURCE Microsoft Accelerator Beijing

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that DXWorldExpo has been named “Global Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Digital Transformation is the key issue driving the global enterprise IT business. Digital Transformation is most prominent among Global 2000 enterprises and government institutions.
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
"Outscale was founded in 2010, is based in France, is a strategic partner to Dassault Systémes and has done quite a bit of work with divisions of Dassault," explained Jackie Funk, Digital Marketing exec at Outscale, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We were founded in 2003 and the way we were founded was about good backup and good disaster recovery for our clients, and for the last 20 years we've been pretty consistent with that," noted Marc Malafronte, Territory Manager at StorageCraft, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
While the focus and objectives of IoT initiatives are many and diverse, they all share a few common attributes, and one of those is the network. Commonly, that network includes the Internet, over which there isn't any real control for performance and availability. Or is there? The current state of the art for Big Data analytics, as applied to network telemetry, offers new opportunities for improving and assuring operational integrity. In his session at @ThingsExpo, Jim Frey, Vice President of S...
"DivvyCloud as a company set out to help customers automate solutions to the most common cloud problems," noted Jeremy Snyder, VP of Business Development at DivvyCloud, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We focus on SAP workloads because they are among the most powerful but somewhat challenging workloads out there to take into public cloud," explained Swen Conrad, CEO of Ocean9, Inc., in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We provide IoT solutions. We provide the most compatible solutions for many applications. Our solutions are industry agnostic and also protocol agnostic," explained Richard Han, Head of Sales and Marketing and Engineering at Systena America, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"We are still a relatively small software house and we are focusing on certain industries like FinTech, med tech, energy and utilities. We help our customers with their digital transformation," noted Piotr Stawinski, Founder and CEO of EARP Integration, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I think DevOps is now a rambunctious teenager – it’s starting to get a mind of its own, wanting to get its own things but it still needs some adult supervision," explained Thomas Hooker, VP of marketing at CollabNet, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We've been engaging with a lot of customers including Panasonic, we've been involved with Cisco and now we're working with the U.S. government - the Department of Homeland Security," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held June 6-8, 2017, at the Javits Center in New York City, NY.