Microsoft Accelerator and Accenture Ventures on Friday announced a new ecosystem partnership to further strengthen the start-up ecosystem in India.
The two companies will help growth-stage technology B2B start-ups specialising in Artificial Intelligence (AI), Internet of Things (IoT), Augmented/Virtual Reality, Blockchain, fintech, Big Data, security and customer experience solutions boost their enterprise readiness and go-to market strategy.
Microsoft Accelerator is a global programme built to empower start-ups while Accenture Ventures partners and invests in growth-stage companies that create innovative enterprise technologies.
â€œStart-ups are the centers of innovation, and over the past decade they have played a crucial role in disrupting many industries worldwide. Today, the need is to create a collaborative environment and bring start-ups and corporates together to co-create and co-innovate. Our partnership with Accenture showcases our commitment to connect start-ups with large corporates and help them scale up to become successful businesses.," said Bala Girisaballa, Managing Director, Microsoft Accelerator said in a statement.
The partnership was announced at Microsoft Accelerator's "ThinkNext 2018" event here, attended by over 400 business and industry thought leaders, start-ups, venture capitalists and entrepreneurs.
The ecosystem partnership will help start-ups deploy solutions in large India and global client environments and improvise on their business model.
" At Accenture Ventures, we believe that an open innovation approach can help enterprises accelerate adoption of â€˜The Newâ€™, underpinned by innovation and digital. This ecosystem partnership is an example of how we orchestrate the innovation ecosystem and create opportunities for start-ups to grow and scale-up. We are excited about the unique value that Accenture Ventures and Microsoft Accelerator can together create for start-ups and enterprises," added Avnish Sabharwal, Managing Director, Accenture Ventures, India.
Microsoft Accelerator and Accenture Ventures will also host various start-up events and summits in India.
The event also marked the graduation ceremony of Microsoft Accelerator's 11th winter cohort.