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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”.

Also Read: Scientists Discover Mash-Up of Two Feared Disasters – Hurricanes and Earthquakes

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)

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Sale Of Cow-Dung Cakes In US Store Elicited Witty Responses On Twitter

Sale of cow-dung cakes at US store fuels Twitterati's imagination

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Twitter post on cow-dung sale
The sale of cow-dung cakes in a US store for Rs 215 elicited witty responses from users on twitter. Pixabay

A Twitter post by an Indian journalist on Monday on the sale of cow-dung cakes in a US store for Rs 215 elicited witty responses from users.

“My cousin sent me this. Available at a grocery store in Edison, New Jersey. $2.99 only. My question: Are these imported from desi cows or are they from Yankee cows?” Samar Halarnkar tweeted on his handle @samar11.

The accompanying picture showed a packet of 10 cow-dung cakes, with the label duly informing prospective customers that the product was meant only for “religious purposes” and was “not eatable” (sic).

The post got quite a few humorous reactions. One user wrote: “Better to market them as ‘Cow Dung Cookies’ in the US.”

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A US store is selling Cow-dunk cakes for fuel. Pixabay

“It does not guarantee the ‘cakes’ are made from Cow-Dung from cows native to India,” said another user.

One tweet said: “Product of India”.

Another asked: “Is that from buffalo??? Raw material Input/output High!!!”

One raised suspicion on the quality of the product in a witty way: “Morality question is kya inka character dheela hai #sorrynotsorry.”

“If someone wants to eat them, they should be allowed to do so,” read a tweet.

Also Read- Social Media Giant Facebook Still a Fertile Ground for Promoting Anti-vaccine Posts

One user reminded that “Religious or not, this is good fuel for conventional Punjabi cooking.”

In a cheeky play on words, one user said: “Isko dekh kar maine DUNG reh gaya.”

Earlier this year, Amazon was selling ‘natural’ coconut shells for nearly Rs 1,400. (IANS)

One response to “Sale Of Cow-Dung Cakes In US Store Elicited Witty Responses On Twitter”

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