Microsoft has announced that Sydney will become the location of the eighth Microsoft ScaleUp program technology startups. Other ScaleUp cities include Seattle, Beijing, Berlin, and London. The new initiative was officially opened by the NSW Premier, the honourable Gladys Berejiklian, today. Microsoft also recently announced that Sydney-based Annie Parker, the former CEO of Fishburners and co-founder of muru-D, has been appointed to lead Microsoft’s startup programs globally, including Microsoft ScaleUp.
The ScaleUp program, which typically runs for four months, helps fast-track each stage of the journey for a start-up business. It focuses on both business and technical development.
In the five years the Microsoft ScaleUp programs have been running, close to 730 companies have graduated from the program.
Microsoft ScaleUp was formerly known as Microsoft Accelerator. Startups that are accepted into the program get access to expert advice, tools like Azure and Office 365 (which sounds like a good way to get your products embedded in new companies), and Microsoft’s global network of customers. Microsoft does not take any equity in the start-ups it supports.
The decision to locate the program in Sydney followed extensive research and meetings with the Sydney startup ecosystem. Microsoft is in the process of recruiting a Managing Director to lead the Sydney ScaleUp program and expects to run its first four-month program before the end of 2018.