Top News

Microsoft to fund affordable Internet access in remote markets

  • Technology giant
    Microsoft has launched a new fund to invest in companies working on solutions
    to bring affordable Internet access to under-served markets.
  •  
  • The fund is part of
    Microsoft’s Affordable Access Initiative (AAI), which invests in last-mile
    access technologies, cloud-based services and applications and business models

    • Technology giant
      Microsoft has launched a new fund to invest in companies working on solutions
      to bring affordable Internet access to under-served markets.
    •  
    • The fund is part of
      Microsoft’s Affordable Access Initiative (AAI), which invests in last-mile
      access technologies, cloud-based services and applications and business models
      that can reduce the cost of Internet access, and help more people get online in
      a cost effective manner.
    •  
    • In addition to
      receiving on average about $75,000 in funding and free software and services,
      recipients will also have the opportunity to connect with other grant
      recipients and potential funders, Microsoft said in a statement.
    •  
    • “Today there are
      approximately four billion people globally without Internet access. The ability
      to close that gap is more achievable than ever with technology that is readily
      available and affordable in many parts of the world,” Microsoft Executive
      Vice-President (Business Development) Peggy Johnson said.
    •  
    • Through this fund,
      Microsoft hopes to kick-start the entrepreneurial process by identifying
      promising ideas that it can help nurture, grow and scale, she added.
    •  
    • Under AAI, the
      company partners with Internet access providers, and other public and private
      sector entities on affordable connectivity and services solutions.

     

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close