Microsoft Corporation (MSFT) Offers $120k Credit to Companies Which Qualify for BizSpark Plus Program

Microsoft Corporation (NASDAQ:MSFT) appears to be making every effort to make sure that the company extends its ‘mobile first, cloud first’ slogan wherever possible. For this, the biggest software service firm is ready to provide a huge credit of $120,000 to startups that are eligible for availing the facility under its BizSpark Plus program. The objective is to encourage more startups to be included in its Azure cloud services fold.

Azure Credits

It appears that Microsoft Corporation (NASDAQ:MSFT) will be offering a value of $10,000 Azure Credits each month for one year from next month onwards. The startups or the eligible companies can spend this amount on services that have an impact on their business. Such offerings include the software firm’s App Service, which is a set of tools meant to drive web, mobile or any other applications. Besides these, infrastructure services such as Azure Machine Learning or Higher level services or virtual machines have also been included in the service offerings.

The premier software service firm has thrown open its BizSpark Plus program to companies, which work with a startup accelerator or incubator in alliance with Microsoft. The software giant has partnered with over 150 accelerators throughout the world, which include Seedcamp, ERA and Techstars.

Access to Free Software

Members belonging to Microsoft Corporation (NASDAQ:MSFT)’s BizSpark Plus program will be provided with an access to free software such as Visual Studio or Office. The BizSpark Plus program is run under a separate division, known as Microsoft Ventures. The division works with the startups through a number of programs. The program is an extension of the company’s BizSpark. The company indicated that the credits under the latest program will be in addition to the previous program’s system of credits. The earlier credit system offered a maximum of $750 a month to the eligible startups in Azure credits for a maximum period of three years. The report suggested that an eligible company will be able to get a maximum of $10,750 a month to use the cloud platform of the software firm.

Tapping the Potential

The premier software firm is showing utmost importance to the program since the experience suggested that startups have the potential to become a big enterprise. The company is trying to rope in young blood at an early stage for its Azure, as well as, Office so that the potential can be tapped fully. Also, some of the talents could be developed further as the needs grow.

The move of Microsoft Corporation (NASDAQ:MSFT) could suggest that it has taken a leaf out of, Inc. (NASDAQ:AMZN)’s initiative to lure small and big companies through its Amazon Web Services. Currently, Amazon’s cloud platform is worth about $5 billion. Therefore, the software firm does not want to lag behind anyone since the opportunities for cloud are abundant.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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