Microsoft just launched an accelerator program for home automation startups

Earlier this week, the company launched new tech accelerator in Seattle through a partnership with American Family Insurance for startups related to the connected home. Oddly enough, this is the first U.S. accelerator program Microsoft has announced since it launched its Ventures program last year. Applications to join the program are open from now until July 21, and the accelerator will run from August to December of this year.

Unlike other accelerator programs, such as Y Combinator, Techstars, and others, Microsoft doesn’t demand equity stakes in firms that join the program — but it does reserve the right to become early investors should they see potential in a given startup. That being said, however, American Family Insurance is offering a $25,000 equity investment to participating startups looking for extra funding.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

This is Control4 Home Automation with Amazon Alexa.

This is Control4 Home Automation with Amazon Alexa.

INTRODUCING THE SIMPLEST WAY TO CONTROL YOUR ENTIRE HOUSE YOUR VOICE. Imagine this... We've all been there-walking through the door into a dark house, arms full. Wouldn't it be nice to tell your house to offer a helping hand? Now you can. A simple voice command-such as "Alexa, turn on Welcome"-lights up the hallway and kitchen, fires up your favorite Pandora station, while the door locks itself behind you. This is Control4 Home Automation with Amazon Alexa.