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Microsoft has announced the scaling of its Cloud Accelerator Programme, an immersive 6-month programme designed to help women-led companies start and build their businesses through Microsoft and its cloud distribution channels, to eight more countries including Kenya.
The programme, currently covering the US market, will be expanded to Kenya, South Africa, Canada, France, Germany, India, the UAE and the UK in partnership with IdeaGen and Women in Cloud.
The scale will enhance women-owned technology companies around the world with access to the cloud, mentorship, networking communities and resources to bring women-led innovations to market.
“Through a multi-million-dollar, multi-year investment from Microsoft, it is our goal that with this expansion and continued scaling, this program can help generate $1B in cloud opportunity by providing accessible cloud technology to more than 1,000 women-led tech companies annually, enabling them to scale their businesses for sustainable economic growth in all corners of the world,” said Charlotte Yarkoni, Corporate Vice President of Cloud + AI at Microsoft.
Since its formation two years ago, Women in Cloud, a community-led initiative built to empower women-led technology businesses to drive growth through cloud solutions and services, has become a leading community and resource for women innovators all over the world. The Microsoft Cloud Accelerator Programme is one of key initiative within the Women in Cloud community.
“We’re excited to build on the program’s previous success. To date, the Women in Cloud Accelerator has provided opportunities to 30 women-owned companies, accelerating businesses such as Stlyze, Meylah, Genneve, Health and Automation, while developing more than $30M of Cloud pipeline at its start,” explained Yarkoni.
Since launching Microsoft for Startups, Microsoft’s vision has been to deliver access to transformational technologies like cloud and AI and go-to-market and community benefits that help startups grow their customer and revenue base. As a part of that commitment, Microsoft supports the acceleration of opportunities for diverse and underrepresented startups and entrepreneurs in a myriad of ways such as partnerships with groups like Backstage Capital, Black and Brown founders, The Riveter, and WTIA’s Founder Cohort Program, as well as launched programs like M12’s Female Founders Competition.
“As a woman and a leader at Microsoft, I’m proud of these initiatives, many of which have been established and are supported by women leaders within our organization. I am encouraged by our continued commitment to providing inspiration and mentorship for both women in tech and those just starting to develop interest in the industry,” pointed Yarkoni, adding; “While there remains much to do, we at Microsoft believe that we will only be able to address our toughest technology challenges when we embrace diverse perspectives. To build this diversity, it’s critical to have a varied partner ecosystem and one that actively supports women entrepreneurs.”