MNCs Are On Startup Buying Spree!


Microsoft is eyeing start-ups in the areas of mobile computing, social media, cloud computing and Big Data technologies and is providing them with access to its Windows Azure technology worth $ 60000.

"Board level meetings at large companies are now focused on how not to get disrupted. All tenured companies, at a certain point of time forget how to learn and hence experiment in different ways with startups," said Mukund Mohan, director of Microsoft Ventures.

Intel Capital, U.S. chip maker Intel Corp.’s global investment arm, has invested nearly $16 million in three online retail companies in Asia, including two in India—Snapdeal.com and Bright Lifecare, which runs Healthkart.com, which gives a greater technology penetration in the country. "India has always been a captive development centre for many multinationals. But they are seeing the growth of the startup ecosystem in India. Many of them believe that the startup ecosystem will mature in India and want to be part of this process," said Pradeep Tagare, director of Intel Capital India.

This relationship between start-ups and MNCs can contribute to the technology innovation for overall growth.

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