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France works with Microsoft to cultivate startups
by Staff Writers
San Francisco (AFP) Feb 25, 2012


French minister Frederic Lefebvre and Microsoft on Saturday announced a partnership to cultivate promising Internet startups in France.

The US technology titan will work with the agency for the creation of enterprises (l'APCE) headed by Alain Belais to identify young French companies to join a Microsoft BizSpark program, Lefebvre said in a release.

The program will provide selected startups with Windows Azure storage capacity and free access to software offered by Microsoft as services in the Internet "cloud," according to Lefebvre.

French Internet startups with "high growth potential" will be eligible to get two years worth of online services from Microsoft.

The development of small and medium enterprises in vital "to support innovation, value creation and employment in France," according to Lefebvre.

Microsoft vice president for emerging business development Dan'l Lewin said in the release that the partnership fits with the Redmond, Washington-based company's strategy of cultivating technology startups around the world.

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A US hedge fund with a large stake in AOL laid claim on Friday to five seats on the board of directors of the Internet company and criticized the strategy of the current management. Starboard Value said in a letter to the AOL board it was "troubled that the company remains closed-minded to alternative value creation initiatives, and instead appears solely focused on pursuing the status quo." ... read more


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