Microsoft Accelerator has partnered with Wipro to provide startups with go-to-market opportunities and integrate their solutions with select Wipro solutions. The partnership is part of the accelerator's CoInnovate programme, which helps startups work with enterprise businesses.
"We are planning to invest in a number of ways. We already have a fund of $100 million that is primarily for startups. We also have dedicated teams at Wipro who would be working with these startups," said K R Sanjiv, CTO, Wipro. Wipro is already working with three companies from the accelerator's previous batch - Pune-based IoT platform Altizon, customer engagement management platform CloudCherry, and customer experience solution CustomerXPs.
Microsoft Accelerator, which recently switched its focus from seed-stage startups to late-stage startups, also announced the graduation of its latest batch of 13 startups. All of them are a few years into operations. They include computer vision solution provider Uncanny Vision, service management platform FarEye, and AI-based legal advisory platform Surukam.
Zack Weisfeld, general manager, Microsoft Accelerator, said that India was the second location for its accelerator programme, after the US, and he has seen the ecosystem evolve tremendously since launch. "We have eight accelerators now globally. Out of the 518 graduates, 83% have collectively raised $2 billion in funding," he said.
As part of its CoInnovate programme, Microsoft Accelerator has also partnered with companies like Temasek, TCS, Citi, and Reliance Industries.
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