“While most of them have interesting ideas, at times their success is limited by a few critical factors—lack of mentorship, access to funds and the inability to build a strong business foundation. It’s great to see the initiatives the team at the Microsoft Accelerator has taken up to specifically address these key needs. I am extremely happy to be here today, and hope that some of these companies become global trendsetters and market leaders from India.”

Congratulating the second batch, Mukund Mohan, CEO-in-residence, Microsoft Accelerator in India, said: “We are extremely happy with the progress this batch, which ranges in businesses from education, enterprise mobile security, customer support, event management and the hospitality industry, has made during the last four months at the Accelerator. We had handpicked them from 450+ applications. Basis our learnings from batch one, we made several improvements in our program, e. g. including more seed stage/angel investors as lead mentors, sharper focus on product definition and roadmap and stronger UX support. All these have helped this batch immensely as they prepared to take a significant leap into the global marketplace. In fact, one of them, Adepto, just got acquired!”

The Microsoft Accelerator team is now busy shortlisting applications for the third batch, which will be the 2013 Winter batch. After rigorous screening, the final list of up to 15 startups will be announced in early July. The four-month incubation process at the state-of-the-art Microsoft office in downtown Bangalore will begin on July 15 and end with Demo Day on November 15 when the startups will showcase their ideas to key industry influentials and top angel investors and VCs.

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