BEIJING, Feb. 29, 2016 /PRNewswire/ -- 18 Startup teams from the 7th batch of Microsoft Beijing Accelerator presented their innovations on the Demo Day stage, which displayed the scalability and verity of the ecosystem of innovation and entrepreneurship that Microsoft has been investing. Microsoft executives, accelerator alumni, hundreds of investors, journalists from more than 100 media companies, and other industry insiders attended the event.
"The past three and a half years have witnessed the growth of Microsoft Beijing Accelerator and the growth of the startup companies that that it has incubated," said Dr. Hsiao-Wuen Hon, Corporate Vice President of Microsoft, and Chairman of the Microsoft Asia-Pacific R&D Group, "Most of the 126 companies incubated so far were focused in the enterprise solution area, such as cloud computing, big data, artificial intelligence, and machine learning, mobile service etc. The broad coverage and diverse product offering, reflects an increasingly inclusive and open mindset from the Microsoft ecosystem. As for teams with unique competitiveness in technologies and products, and those with ecological connections to Microsoft Research Asia and Microsoft Asia-Pacific R&D Group product and engineering groups, will have our long-term followed and receive more support from us at proper conditions.
Growing along with the start-ups, Microsoft Beijing Accelerator has also achieved significant progress. It has received the "Best Incubator in China" award for three consecutive years since 2013. Microsoft Beijing Accelerator has dedicated more than 10,000 hours of professional services and more than 300 hours of entrepreneurship training in arena of strategy, investment and financing, technology and product, sales and marketing, branding and public relationship to the alumni. Microsoft Asia-Pacific R&D Group and Microsoft Research Asia also served as scientific think-tanks, and offered over 200 hours of consulting services in cutting-edge technologies. In the past 3.5 years, Microsoft Beijing Accelerator has been reported on more than 4,200 times in core China and international media, recommended over 1,400 employees candidate resumes, and to organized 100+ business development events for startups looking to meet up with large enterprise accounts. Microsoft Beijing Accelerator also supported hundreds of startup community events like hackathon and developer conference.
"Congratulations on this amazing batch of startups! We are thrilled to be a partner on your journey to achieve your dreams. We are proud that Microsoft Ventures has been able to build one of the top accelerators in China by helping great startups on the path to becoming significant companies. The team's dedication and focus on mentoring entrepreneurs to achieve more and to change the world is inspirational to all of Microsoft!" said Scott Coleman, General Manager of Microsoft Ventures.
It can be learnt from the Demo Day event that business of the start-ups in the 7th batch of Microsoft Beijing Accelerator has been burgeoning. For instance, Rongyun as the largest instant messaging cloud service provider in China has successfully attracted more than 40,000 leading mobile developers in the country, with over 36,000 hosted apps and 342 million Rongyun SDK service users. GrowingIO, a globally leading company for commercial data analysis, churned out new methodologies and technologies that reduced the working cycle of commercial data analysis from a few weeks in the past to a few minutes or even several seconds now. It managed to win more than 100 commercial clients within two months after the product launch. VIPHRM, a leading one-stop HR cloud service platform, is now serving 68,000 small and medium enterprises as well as their more than 4 million employees in the country on a monthly basis. Carrobot, which took the lead in the integration aviation auxiliary display devices, natural man-machine interactions, and artificial intelligence technologies into applications for civilian cars, has developed a "Car HUD + natural man-machine interaction." In 45 days after its launch at JD.com for crowd-funding in July 2015, it raised a total of RMB 3.24 million.
Microsoft Beijing Accelerator has built up a closer partnership with 100 investment institutions (ventures, etc.) to bridge startups with the best venture funding partner. Moreover, Microsoft Beijing Accelerator is strategically teaming up with many industrial leaders to help the start-ups find their long-term clients. The 126 graduated startups from Microsoft Beijing Accelerator now covers 500 million individual users and more than 1 million enterprise accounts with their products and services. More than 93% of them have raised next rounds of financing. As of today, the total market valuation for the 126 entities that Microsoft Beijing Accelerator graduated add up to RMB 38 billion, and their market valuation grew by more than 600% compared with their valuation before joining Microsoft Beijing Accelerator program. Three of them have been listed on the "National Equites and Exchange Question System (Nick name: New Third Board), while 12 of them been acquired so far.
SOURCE Microsoft Beijing Accelerator