Microsoft Ventures Accelerator Jump Starts the Development of 100 Startups in China
The Total Valuation of Graduate Enterprises Exceeds RMB 10 Billion
BEIJING, Jan. 24, 2015 /PRNewswire/ -- Today, the Microsoft Ventures Accelerator in Beijing held a Demo Day for its fifth cohort, which included 15 startups presenting their companies to a group of over 200 venture capitalists, media and industry professionals, At the event, Microsoft Ventures also announced the succeeding cohort.
Vanessa Gao, CEO in Residence of Microsoft Ventures Accelerator in Beijing said, "This is the best era for business creation. Government support, as well as encouragement from society, provides entrepreneurs with the resources and respect they need to pave the way towards realizing their dreams. Over the past 30 months, we have had the honor of working alongside the most outstanding entrepreneurial teams and helping to facilitate their rapid development."
Since its launch in China in July 2012, Microsoft Ventures Accelerator in Beijing has won the title of "Best Incubator in China" for two consecutive years and has formed strategic cooperation with many industry leaders to help start-ups connect and cooperate with clients. Among the 85 companies that have graduated from the program, more than 90% have already obtained a new round of financing, with a total valuation of over RMB 10 billion. Six enterprises have been acquired and a big data company has landed on Shenzhen Stock Market's New Third Board.
Over the past two and a half years, Microsoft Ventures Accelerator in Beijing has been committed to providing the most professional entrepreneurship services. Once an entrepreneurial team has been selected, all resources are provided for free. With the implementation of the lifelong alumni system, startups can enjoy all the rights and interests of the alumni network, so they will continue to receive support from the company after six months of incubation. In addition, Microsoft Ventures Accelerator has established a strategic partnership with Hong Kong and Taiwan to help local startups realize their entrepreneurial dreams.
In the recruitment of the 6th class startups, 700+ entrepreneurial teams applied and 21 teams were successfully selected. We look forward to working together to help these startups succeed as they grow their business. These include:
- Singularity Machine Intelligence extends the search function from the Internet into mobile APPs to put millions of APPs in use once they are searched.
- Idotools is committed to providing the most convenient and practical mobile phone tools for users.
- iYunxue Age is dedicated to developing and operating online primary and secondary school education products to build Mofangge, the No. 1 brand for online question databases and interactive community for K12 in China.
- Youtejie is a product team of Rizhiyi making search analysis for professional and complex logs in enterprise information systems into simple and useful search engines.
- Yuexiang Trend is devoted to biosensing and producing wearable technologies to create "Liangliang," a watch for daily physical examination that continuously and automatically measures multiple vital signs;
- Skylark Technology provides the next-generation cloud platform with high-density and dynamic computing capacity.
- Tenxor, an eye health big data team, provides the first self-care monitoring devices in the world and a remote consultation service.
- Zhichidata applies big data and natural language processing in customer services to transform them from less cost-effective to highly profitable services.
- Malong Technology is committed to adopting the world's leading deep learning and computer vision technologies to equip artificial intelligence with fashion tastes.
- Meicai is a mobile e-vendor of agricultural products, which serves tens of thousands of small and medium-sized restaurants in China.
- Ehang is a company that has built the easiest-control intelligent, unmanned aerial vehicle in the world, making the dream of flying come true for everyone.
- Cogtu Technologies, an advertising company, is the creator of native advertisements embedded in images, combining image-recognition, semantic analysis and cognitive analysis technologies in artificial intelligence.
- Yourstech created APICloud, a one-stop application development platform combining cloud and end functions, redefining mobile app development with the perspective of Internet.
- Goudaifu uses intelligent devices to provide online health consultation and offline treatment services for pets.
- Deetin, is a data and artificial intelligence center focused on creating intelligent routers designed specifically for the mobile age to build smart homes in the future.
- ITjuzi is dedicated to building a database for startups and investments in the primary market, promoting entrepreneurship and investment with data and providing services on the enterprise level.
- Louli is a life-service platform focused on building as basic units and the community as its central infrastructure.
- Yida Technologies creates an O2O platform for global designers in the mode of "mashup + experts."
- Kemaiduo is a social and personal CRM platform that helps sales personnel develop personal connections and efficiently improve business performance.
- EulerSpace is a team for intelligent robot platforms that combine a robot control system with cloud computing technology.
- Aidmics is a biotechnology team from Taiwan dedicated to reproduction optimization and building mobile and connected intelligent sperm testing devices and services.
For more information on Microsoft Venture Accelerators in Beijing, please visit:
http://www.microsoftventures.com/Accelerators/Beijing.aspx
About Microsoft Ventures
Microsoft Ventures is a global initiative to help entrepreneurs build great companies. Working with startups at every stage of maturity, the initiative provides tools, resources and expertise to help startups succeed. Visit Microsoft Ventures at www.microsoftventures.com to learn more about how Microsoft is helping the next generation of smart companies take flight.
About Microsoft
Founded in 1975, Microsoft (Nasdaq "MSFT") is the worldwide leader in software, services, devices and solutions that help people and businesses realize their full potential.
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SOURCE Microsoft
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