Microsoft Corporation (NASDAQ:MSFT) has introduced an incubation program for startup companies in India.

Microsoft Encouraging India Startups

The US based software maker giant Microsoft Corporation (NASDAQ:MSFT) is introducing a four-month incubation program for 10 technology startups in Cloud Computing, Internet & Mobile using its Accelerator for Microsoft Azure program.

Amit Chatterjee, Managing Director, Microsoft Corporation (NASDAQ:MSFT) India (R&D) said, “The Microsoft Accelerator for Windows Azure is a particularly exciting program and we are thrilled to launch this initiative in India. Through this unique initiative, Microsoft Corporation (NASDAQ:MSFT) is partnering with leading industry mentors to provide startups with the much needed support they need to innovate and become successful businesses. We are not only providing them technical and business guidance and mentoring, but also connecting them to prospective VCs and investors.”

Microsoft Corp. (NASDAQ:MSFT) shares were at 29.11 at the end of the last day’s trading. There’s been a -6.9% movement in the stock price over the past 3 months.

Microsoft Corp. (NASDAQ:MSFT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 19 out of 85 in the industry