Microsoft is teaming-up with global medical technology company BD (Becton, Dickinson and Company) to launch an “accelerator experience for startups creating advancements for the healthcare industry.” The program will be located at the Microsoft Ventures Accelerator in Israel, with the class taking place between September 2014 and January 2015. Accepted startups will be announced on August 24, 2014.
Microsoft does not take an equity stake in companies in their program, while BD is offering an optional convertible investment to healthcare startups accepted into the program.“We are eager to work closely with BD to provide unique opportunities for entrepreneurs in our accelerator,” said Hanan Lavy, Director of Microsoft Ventures. “Startups accepted into the program will gain critical industry insight to build companies with the potential to have an enormous impact on our lives.”
Microsoft does not take an equity stake in companies in their program, while BD is offering an optional convertible investment to healthcare startups accepted into the program as well as experienced executive mentors who will help each company understand medical and customer needs and possible clinical and regulatory requirements.
Startups will benefit from the great workspace located at the Microsoft Israel R&D Center in Herzliya as well as free tools, mentorship and everything else necessary for start-ups to take their business to the next level successfully.