Microsoft will invest directly in startups through a new fund called Microsoft Ventures, with the old Microsoft Ventures initiative renamed Microsoft Accelerator.
Nagraj Kashyap will lead a corporate venturing fund newly formed by software provider Microsoft, according to a blog post yesterday.
The fund will invest directly in startups and take the name of Microsoft Ventures from the firm’s accelerator program, which will be renamed Microsoft Accelerator.
Microsoft had launched a corporate venturing fund called Bing Fund in 2012 to invest in technology that would complement its Bing search engine, before merging it with the firm’s BizSpark innovation initiative and global accelerator…
