Microsoft launches fund for affordable Internet access
November 16, 2015 16:21
Technology giant Microsoft has launched a new fund to invest
in companies working on solutions to bring affordable Internet access to
underserved markets.
The fund is part of Microsoft's Affordable Access Initiative, which invests in last-mile access technologies, cloud-based services and applications and business models that can reduce the cost of Internet access and help more people affordably get online.
In addition to receiving on average about $75,000 (about Rs 49.5 lakhs) in funding and free software and services, recipients will also have the opportunity to connect with other grant recipients and potential funders, Microsoft said.
"Today there are approximately four billion people globally without Internet access.
The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world," Microsoft Executive Vice President (Business Development) Peggy Johnson said.
The fund is part of Microsoft's Affordable Access Initiative, which invests in last-mile access technologies, cloud-based services and applications and business models that can reduce the cost of Internet access and help more people affordably get online.
In addition to receiving on average about $75,000 (about Rs 49.5 lakhs) in funding and free software and services, recipients will also have the opportunity to connect with other grant recipients and potential funders, Microsoft said.
"Today there are approximately four billion people globally without Internet access.
The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world," Microsoft Executive Vice President (Business Development) Peggy Johnson said.
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