The new incubator program from the tech company looks for startups solving experiences online with fresh insights.
Microsoft has officially launched it’s Bing Fund in hopes of partnering with like-minded entrepreneurs. According to the Bing Fund’s website, the tech company is looking for startups with both an ‘inspirational vision’ and the ‘ability to execute.’ These entrepreneurs are solving big problems with ‘fresh insights’ and creating amazing new experiences both on the web and for mobile devices. Startups should have a distinctive outlook on their product’s market, an extensive plan for problem-solving and a working prototype to be accepted into the fund.
The Bing Fund’s application process will be on-going, but they want to focus on just a handful of startups at a time. As companies have their demo day, or in other words, graduate, new ones will take their place. There is no guarantee that startups will be acquired by Microsoft, but the company says ‘acquisition is always a possibility.’ Startups will receive subsidized use of Bing’s APIs and Microsoft Research technology assets, as well as funding. Microsoft will also pair startups with mentors inside the company with strict rules on intellectual property. Those startups that are located in Seattle will also be able to use co-workspace a few miles away from the company’s main campus. The Bing Fund will work with each startup for a minimum of four months, although some relationships may last longer.
PSFK is asking readers to tell us how your employer is encouraging you to bring your ideas to the table. Is it free coffee and doughnuts or a half day to pursue your own interests? Drop us a line and tell us what ways companies are encouraging their employees to champion their own ideas.
Over the next 4-8 weeks we want to start a conversation around what you see as possible in the Future of Work. Be sure to follow the conversation on PSFK and participate in the daily competitions. Tweet us your ideas to @psfk using #FoW.