Microsoft Partners With Shanghai Govt To Launch A Second Accelerator in China

Microsoft launched Microsoft Ventures Accelerator Shanghai this Tuesday together with Shanghai Xuhui District government and state-backed electronics company INESA.

It’s the latest in a global network of Microsoft-backed accelerators. A total of eight acceleration programs, including the newly established on in Shanghai, have been launched in global startup hubs including Beijing, London, Bangalore, Berlin, Paris, Seattle and Tel Aviv.

The Microsoft Beijing accelerator has currently seen 126 projects graduate, providingservices to 500 million users since its establishment in 2012, according to the company. They noted the combined valuation of these projects is 38 billion RMB ($5.8 billion USD).

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