You are here: Home » PTI Stories » National » News
Business Standard

Microsoft Ventures signs pact with ISDI to encourage start-ups

Press Trust of India  |  Mumbai 

Microsoft Ventures has signed a three-year partnership with the Indian School of Design and Innovation (ISDI) to set up a 'ISDI Creative Accelerator'.

This would be a pan-India initiative to facilitate technology a start-up ecosystem with design and innovation expertise, according to a statement issued today.

The MoU was signed by ISDI Founder and Executive Director Radha Kapoor, ISDI Academic Council Chairperson Indu Shahani as well as Microsoft India Chairman Bhaskar Pramanik, it said.

The first such accelerator will begin operations in August in Mumbai, with about a dozen start-ups initially, and be emulated across multiple cities in India later, the statement said.

"This partnership between Microsoft India and ISDI will bring together the best of technology and industry expertise to contribute to the growth and success of design entrepreneurship in the country," Microsoft India Chairman Bhaskar Pramanik said in the statement.

The MoU allows ISDI and Microsoft Ventures to bring together key stakeholders like academia, students, entrepreneurs, investors and corporates at the ISDI Creative Accelerator, the statement said.

Microsoft Ventures will help ISDI identify and shortlist promising start-ups as well as power the accelerator programme, besides also providing them access to software and technology advice, the statement said.

At the end of the accelerator programme cycle, ISDI will invest strategically and selectively in some of these infotech start-ups, the statement said.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, June 24 2015. 20:02 IST
RECOMMENDED FOR YOU