Microsoft's Bing Fund eyes area startups
Microsoft (Nasdaq: MSFT) launched the Bing Fund in July with the intent of investing in startups working on mobile and online technology. The fund intends to help a small number of entrepreneurs build their businesses by providing guidance and access to Microsoft's resources, including executives.
Bing Fund announced Thursday it has invested in two Seattle-area companies, but it has its eye on Boulder, according to Bing Fund's general manager Rahul Sood.
"We're going through all of our submissions and have identified some great companies in San Francisco and Boulder," Sood wrote on his personal blog.
Microsoft's links to Boulder have been growing recently. Last fall, Microsoft launched Microsoft Accelerator, powered by TechStars. The Seattle-based accelerator takes TechStars' methods to foster companies and will start its second program this fall.
Microsoft also has a Bing development office located in downtown Boulder.
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