Microsoft to launch its own angel fund

Microsoft has launched an investment fund looking to give startups the cash to originate `game-changing ideas` in the tech sector.

The company announced on Thursday that its Bing Fund would be `an angel fund with an incubator program, founded by entrepreneurs... and backed by the experience, expertise, and resources of Microsoft.`

`We want to partner with like-minded entrepreneurs - great talent that is innovating online to solve big problems and create amazing new experiences,` a company blog said.

The move comes as Microsoft, which remains the dominant player for desktop computer operating software, has lagged in other areas as companies like Apple, Google and Facebook expand their offerings.

BdST 2052 HRS, JUL 14, 2012

Edited by:
Sabbin Hasan, ICT Editor