New Microsoft Founders Hub could play a vital role in supporting the Irish start-up ecosystem.
Microsoft has launched its $350,000 (€317,350) Microsoft for Startups Founders Hub, a new platform to help anyone with an idea become a founder, regardless of their background, location, progression, interests or funding.
Designed to support all founders from idea to exit, Microsoft for Startups Founders Hub brings together the technology, guidance, and support that new and emerging businesses might need.
“The platform is accessible to all emerging businesses or entrepreneurs to help them reduce costs and accelerate development with a partner they can trust”
Moreover, start-ups can get up to $150,000 of Microsoft Azure credits. As the usage of the startup rises, Microsoft will unlock additional credits.
There are four stages in the platform that represents the amount of credit founders can receive from Microsoft per year, which grows as the company grows: Ideate ($500), Develop ($5,000), Grow ($25,000), and Scale ($120,000).
Microsoft Ireland general manager Anne Sheehan said the new Hub could play a key role in supporting the Irish start-up ecosystem to grow and become competitive and sustainable in the long-term.
“Microsoft is committed to creating a healthy ecosystem where our partners and customers can thrive. I’d encourage anyone with an idea to become a founder. The platform is accessible to all emerging businesses or entrepreneurs to help them reduce costs and accelerate development with a partner they can trust.”
Speaking about the launch of Founders Hub, Director of First Fridays at Dogpatch Labs and start-up veteran, DC Cahalane said: “It’s great to see organisations like Microsoft supporting start-ups across Ireland’s entrepreneurial ecosystem with this sort of access to expertise and technologies at every point in their lifecycle. This support is really critical in helping to nurture start-ups to establish, grow and scale.”
Across Ireland there are 2,000 indigenous tech start-up and scale-up companies that between them employ 47,000 people.
New data from TechIreland indicates that in 2021 55 tech start-up and scale-up businesses with a woman founder or co-founder raised €230m to venture capital, grants and angel investments. This was more than double the record €105m that was raised in 2020.
CEO of Scale Ireland Martina Fitzgerald said the new Hub will provide founders with practical advice and targeted support, so they can successfully start or scale their businesses.
“It is an important and exciting initiative to support founders from different backgrounds and sectors, to realise the full potential of their ideas and solutions,” Fitzgerald said.
For more information and to sign up to Microsoft for Startups Founders Hub today click here: startups.microsoft.com
Pictured at top: Scale Ireland CEO with Microsoft Ireland general manager Anne Sheehan and Scale Ireland chair Brian Caulfield