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AI Programme by Microsoft to Upskill Indian Developers

The programme will have a series of workshops to help participants build their skills and expertise in cloud computing, data sciences, AI and Internet of things (IoT)

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A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

Microsoft on Thursday announced a specially-curated online Artificial Intelligence (AI) programme aimed at enabling the developer community and workforce across organizations in the country to harness the power of AI.

The five-day programme from May 27-31 would be addressed by data scientists and tech leaders from Microsoft, Flipkart, Reliance Jio and InMobi, the company said in a statement.

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Logo of Microsoft outside it’s office. Pixabay

“With these virtual sessions, we aim to address the existing gap related to AI skills in Indian businesses. With experts from Microsoft and other industry leaders coming together, we are hopeful of imparting AI and ML skills to a larger talent pool,” said Dr. Rohini Srivathsa National Technology Officer – Microsoft India.

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The programme will have a series of workshops to help participants build their skills and expertise in cloud computing, data sciences, AI and Internet of things (IoT). (IANS)

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Microsoft’s Corporate Venture Fund to Empower Women-led Enterprise Startups in India

In a recent study by MassChallenge and Boston Consulting Group (BCG), women-founded businesses delivered more than two times as much revenue per dollar invested than their male counterparts

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FILE - A sign for Microsoft is seen on a building in Cambridge, Massachusetts, March 18, 2017. VOA

In a bid to empower women entrepreneurs, Microsoft corporate venture fund M12 on Thursday partnered with Mayfield and Pivotal Ventures to announce $6 million competition for women-led enterprise startups in India, the US, Europe, Canada and Israel.

In its second year, the “Female Founders Competition” will help accelerate funding for women entrepreneurs developing software-as-a-service (SaaS) and deep tech solutions.

Four winning companies will receive a total of $6 million in venture funding, along with access to technology, resources, mentoring and other benefits, the company said in a statement.

“The tech industry can’t afford to keep leaving women’s good ideas on the table. We need to level the playing field for female entrepreneurs, and together with Mayfield and Pivotal Ventures, we aim to do just that with our second Female Founders Competition,” Peggy Johnson, Executive Vice President, Business Development, Microsoft.

Submissions for the competition are open from October 17 to December.

Companies will be eligible to apply if they have at least one female founder, have raised no more than $5 million in combined equity funding and/or debt loans upon date of application, and offer or intend to release a product, service or platform addressing a critical business problem for a global market.

A live finals pitch competition will take place March 18-19 2020, with the announcement of winners to follow shortly thereafter.

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FILE – Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

Two enterprise software startups will earn investment awards of $2 million each, and two deep tech startups innovating through substantial scientific and research advances will earn investment awards of $1 million each, said Microsoft.

Early this year, Microsoft announced that its corporate venture fund M12 will invest in Indian startups with a funding size of $2 million to $10 million.

M12 announced its first India investment in the healthcare SaaS (software-as-a-service) startup called “Innovaccer”.

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As the corporate venture arm for Microsoft, M12 (formerly Microsoft Ventures) invests in enterprise software companies in the Series A through C funding stage.

In a recent study by MassChallenge and Boston Consulting Group (BCG), women-founded businesses delivered more than two times as much revenue per dollar invested than their male counterparts.

“We are thrilled to partner with M12 and Pivotal Ventures on this innovative Female Founders Competition, through which we will find and invest in women creating built-to-last enterprise companies,” said Navin Chaddha, Managing Director, Mayfield. (IANS)