Reliance Industries and Microsoft are to form a incubation programme to fund and mentor start-ups in India.
India-based conglomerate Reliance Industries through its corporate venturing arm, GenNext Ventures, and the India focused arm of computer company Microsoft, are to partners to form a incubation programme, The Economic Times has reported.
The Reliance-Microsoft programme, which is based on the US Y Combinator model, will provide India-based start-ups with seed capital, mentorship and access to technology.
Reliance Industries is India’s biggest private company with interests in petroleum, telecommunications and retail.
GenNext Ventures, which was since founded as the Reliance’s…
