The following is an excerpt from Arik Hesseldahl | July 13, 2012 | allthingsd.com |
Software giant Microsoft today launched an angel investment and business incubator. It will be called the Bing Fund, named, obviously, for its search engine.
The plan is to offer U.S.-based early-stage companies an opportunity to work at a Microsoft building in Bellevue, Wash., for at least four months. In addition to an investment, the selected start-up will get access to a lot of Microsoft technology. Here’s the nut graf on that subject from Microsoft’s announcement:
As a startup in Bing Fund, you will receive subsidized usage of unique APIs from Bing’s data ecosystem and the opportunity to access certain technology assets developed by Microsoft Research. Bing Fund team members who specialize in design, engineering, marketing, and building businesses will be on hand to support every step of the way, and if you have a particular technical or business challenge, we’ll connect you with the right Subject Matter Experts (SMEs). Additionally, we’ll help with funding, by offering a convertible note and making introductions to strategic investors. Your IP and product, of course, remain yours, even if we give input and assistance.
The other big news is that Rahul Sood, the founder of VooDooPC, the small Canadian maker of super-tricked-out gaming PCs, is joining Microsoft specifically to work at…
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