Microsoft is introducing a venture capital division that will provide funding, advice and computing and software services to startups, with a repeated mention of cloud and enterprise software capabilities.

To qualify for Microsoft Ventures, applying companies must have a full-time founding team, “bold vision for tackling a real problem,” technologically driven solutions and less than $1 million in their coffers. Microsoft said in part it will provide business mentors, technical and design experts, as well as development solutions and cloud resources. In addition, Microsoft is implementing a business accelerator program lasting three to six months. Funding is available after reaching a certain level of business success, of which Microsoft has a range of definitions, notably “alignment to Microsoft domain expertise, including enterprise software, big data, security, artificial intelligence, advertising, gaming, SaaS and cloud services,” according to the official Microsoft blog.

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