Mint: RIL, Microsoft Ventures nurture start-ups
Microsoft Ventures partnered with Reliance Industries Ltd (RIL) in September 2014 to set up a GenNext Innovation Hub, an incubator for startups, in Navi Mumbai. The first batch, comprising 11 start-ups, ended its 19-week workshop last month. Rajinish Menon, Director, Microsoft Ventures, said, “These start-ups have been experiencing tremendous growth in terms of clientele and product development. We will continue to work with these start-ups as they evolve into billion dollar companies of future.”