BusinessWorld: Reliance-Microsoft launch innovation hubs In India
GenNext Ventures, Reliance Industries’ (RIL) venture capital fund, has signed a three-year partnership with Microsoft Ventures to set up innovation hubs to support startups in the country. The MoU was signed by Chairman, GenNext RA Mashelkar and Chairman, Microsoft India Bhaskar Pramanik and the first hub will start operations in October in Mumbai. These hubs will bring together academia, students, entrepreneurs, investors and corporate houses and offer some of the most critical resources that startups need to be successful.