{"id":1329,"date":"2014-11-13T00:42:31","date_gmt":"2014-11-12T23:42:31","guid":{"rendered":"http:\/\/www.www.innovationiseverywhere.com\/?p=1329"},"modified":"2022-12-22T15:06:40","modified_gmt":"2022-12-22T14:06:40","slug":"guided-tour-microsoft-ventures-zack-weisfeld","status":"publish","type":"post","link":"https:\/\/innovationiseverywhere.com\/fr\/guided-tour-microsoft-ventures-zack-weisfeld\/","title":{"rendered":"A guided tour of Microsoft Ventures with Zack Weisfeld"},"content":{"rendered":"<p>From Bangalore to Beijing, through Tel-Aviv and London, <a title=\"Zack Weisfeld\" href=\"http:\/il.linkedin.com\/pub\/tzahi-zack-weisfeld\/0\/8b\/705\/fr\" target=\"_blank\" rel=\"noopener\">Zack Weisfeld<\/a> has been a serial entrepreneur and is now nurturing \u201cthe perfect global startup\u201d as Head of <strong><a title=\"Microsoft Ventures\" href=\"http:\/\/www.microsoftventures.com\/\" target=\"_blank\" rel=\"noopener\">Microsoft Ventures<\/a> Europe &amp; Global Accelerator Program<\/strong>.<\/p>\n<p>The program is what we call<strong> a corporate accelerator<\/strong>. It gives a big corporation &#8211; Microsoft here &#8211; an opportunity to support startups, with various objectives in mind, from technology adoption to having a stake in a possible unicorn.<\/p>\n<p><a href=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-1-3.jpg\" target=\"_blank\" rel=\"noopener\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-1330\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-1-3.jpg\" alt=\"microsoft ventures accelerator innovation centers zack weisfeld corporate vertical accelerator community growth exits strategy martin pasquier innovation is everywhere nasscom product conclave bangalore india 1\" width=\"640\" height=\"382\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><em>Zack Weisfeld, Head of\u00a0Microsoft Ventures Europe &amp; Global Accelerator Program, on the stage of Bangalore NPC 2014<\/em><\/p>\n<p style=\"text-align: left;\">And, because we\u2019ve discussed with Zack following his speech at Bangalore\u2019s tech event <a title=\"Nasscom Product Conclave Seed Summit\" href=\"http:\/\/productconclave.in\/\" target=\"_blank\" rel=\"noopener\">Nasscom Product Conclave Seed Summit<\/a>, it\u2019s great to see <strong>the program is spread across seven cities<\/strong>, Bangalore included.<\/p>\n<h2 style=\"text-align: left;\"><\/h2>\n<h2 style=\"text-align: left;\">Three pillars for Microsoft Ventures corporate innovation program<\/h2>\n<p>Microsoft is quite advanced in the ways they manage this corporate innovation. They have <strong>about 100 <a title=\"Microsoft Innovation Centers\" href=\"http:\/\/www.microsoftinnovationcenters.com\/\" target=\"_blank\" rel=\"noopener\">Microsoft Innovation Centers<\/a>, more than 200 partnerships with local accelerators or incubators, as well as these seven Microsoft Ventures Accelerators in Seattle, Tel-Aviv, London, Beijing, Bangalore, Berlin and Paris.<\/strong><\/p>\n<p><a href=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-bizspark-3.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-1331\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-bizspark-3.png\" alt=\"microsoft ventures accelerator innovation centers zack weisfeld corporate vertical accelerator community growth exits strategy martin pasquier innovation is everywhere nasscom product conclave bangalore india bizspark\" width=\"640\" height=\"327\" \/><\/a><\/p>\n<p><strong>Three pillars<\/strong> give the structure of Microsoft corporate innovation program:<\/p>\n<ol>\n<li>The <strong>community<\/strong>, through the <a title=\"Bizspark\" href=\"http:\/\/www.microsoft.com\/bizspark\/\" target=\"_blank\" rel=\"noopener\">BizSpark<\/a> program (<strong>free software for about 100k startups<\/strong>), the <strong>107 Microsoft Innovation Centers<\/strong> who help entrepreneurs at a very early stage, and the <strong>200+ partnerships with accelerators<\/strong>, but also with support organisations such as the <a title=\"Founders Institute\" href=\"http:\/\/fi.co\/\" target=\"_blank\" rel=\"noopener\">Founders Institute<\/a>.<\/li>\n<li>The<strong> 7 Microsoft Accelerators, lasting 4 to 6 months, running since 2012, with a 2% admission rate,<\/strong> no equity, and no obligation to use Microsoft technology. Each location is staffed by a full time experienced team. The curriculum is comprehensive, from Lean startup to product, scale-up and storytelling\/marketing.<\/li>\n<li>The <strong>growth pillar,<\/strong> where Microsoft Ventures Growth <strong>help more mature startups, possibly future unicorns<\/strong>, through access to funding, connection to big companies<\/li>\n<\/ol>\n<p>The results so far:<\/p>\n<ul>\n<li>About <strong>250 graduates<\/strong> within the Microsoft Ventures Accelerators<\/li>\n<li><strong>80% follow-on funding<\/strong> within one year of graduation with an average of $1.9m<\/li>\n<li><strong>15 exits<\/strong> including Microsoft, Google, Yahoo or Yandex<\/li>\n<\/ul>\n<div id=\"attachment_1333\" style=\"width: 650px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-4-3.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1333\" class=\"wp-image-1333 size-full\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-4-3.png\" alt=\"microsoft ventures accelerator innovation centers zack weisfeld corporate vertical accelerator community growth exits strategy martin pasquier innovation is everywhere nasscom product conclave bangalore india 4\" width=\"640\" height=\"329\" \/><\/a><p id=\"caption-attachment-1333\" class=\"wp-caption-text\">A tiny part of the startups \u00ab\u00a0in store\u00a0\u00bb at Microsoft Ventures<\/p><\/div>\n<p>How does it compare to the competition? Quite well, as Zack Weisfeld adds: <em>\u00ab\u00a0For Microsoft Ventures accelerator results \u2013 <strong>6500 applications a year<\/strong> (we only accept 2% of applicants vs. industry 4% +) , 80% follow on funding (Top US accelerators at 57%), $1.9M avg funding (1-1.7M top US) and 15 acquisitions (3 times than top industry marks)\u00a0\u00bb.<\/em><\/p>\n<h2><\/h2>\n<h2>Corporate innovation must be designed as an ecosystem<\/h2>\n<p>The objective of the program is both to <strong>go beyond the Silicon Valley and to find the top 5% of global entrepreneurs<\/strong>. Zack and his team learn a lot too, and share two key takeaways:<\/p>\n<ul>\n<li>First, <strong>the necessity of being inclusive<\/strong> <strong>with the other players of the ecosystem.<\/strong> As they don\u2019t take equity, <em>\u201cwe\u2019re not competing with investors, so they see us as an opportunity and a potential deal flow\u201d.<\/em> <strong>Mentorship<\/strong> is a key asset for accelerators, and these are to be found within the ecosystem, especially among serial entrepreneurs. <strong>Partnerships<\/strong> are key, with other corporates who can benefit from innovation while being a first important customer for alumni.<\/li>\n<li>Then, <strong>the management of cultural difference<\/strong> (a topic <a title=\"Startups cultural awareness\" href=\"http:\/\/www.www.innovationiseverywhere.com\/cultural-awareness-innovation-challenges-facing-startups-go-global\/\" target=\"_blank\" rel=\"noopener\">we had approached in Kenya already<\/a>). Zack shares a real-life anecdote as in the accelerator, it\u2019s common to purge the ideas of first time entrepreneurs to make them face reality. A painful moment where cultural features can be visible. <em>\u201cIf you say to an entrepreneur what they do is not on the right track, they react differently. <strong>In the US, entrepreneurs accept the feedback<\/strong> and change rapidly. <strong>In Tel-Aviv, entrepreneurs would say \u201cyou have no clue, we know better than you\u201d<\/strong> even though they would change too. <strong>In Bangalore, some got offended<\/strong> when we said their baby was ugly, feeling really bad but same thing, they learn and move forward. <strong>In Berlin there\u2019s nothing coming back as the entrepreneur is doing his own analytics<\/strong> in his mind apparently\u00a0\u00bb.<\/em><\/li>\n<\/ul>\n<p><a href=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-2-3.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1332\" src=\"http:\/\/innovao.cluster030.hosting.ovh.net\/wp-content\/uploads\/2014\/11\/microsoft-ventures-accelerator-innovation-centers-zack-weisfeld-corporate-vertical-accelerator-community-growth-exits-strategy-martin-pasquier-innovation-is-everywhere-nasscom-product-conclave-bangalore-india-2-3.png\" alt=\"microsoft ventures accelerator innovation centers zack weisfeld corporate vertical accelerator community growth exits strategy martin pasquier innovation is everywhere nasscom product conclave bangalore india 2\" width=\"640\" height=\"640\" \/><\/a><\/p>\n<h2>From corporate accelerators to vertical accelerators<\/h2>\n<p>The <strong>next stage for the Microsoft Ventures Accelerator is to try out vertical corporate acceleration.<\/strong><\/p>\n<p>As Zack told us, <strong>three batches<\/strong> of these speciality-based accelerators are planned: <em>\u00ab\u00a0<strong>In Seattle \u2013 Connected HomeIOT<\/strong> together with American Family Insurance. <strong>Cybersecurity in Tel-Aviv<\/strong> together with Akamai and JVP, and <strong>MedicalHealth with Becton Dickinson and Helthbox<\/strong>. The great value the vertical accelerators provide \u2013 domain expertise , unparalleled route to markets, specialized mentors and investors. Its too early to judge the results as these batches are still running.\u00a0\u00bb<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Bangalore to Beijing, through Tel-Aviv and London, Zack Weisfeld has been a serial entrepreneur and is now nurturing \u201cthe perfect global startup\u201d as Head of Microsoft Ventures Europe &amp; Global Accelerator Program. The program is what we call a corporate accelerator. It gives a big corporation &#8211; Microsoft here &#8211; an opportunity to support [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[98,75,49],"tags":[351,245,65,352,103,353],"class_list":["post-1329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accelerators-incubators","category-corporates","category-innovators-category","tag-corporate-accelerator","tag-corporate-innovation","tag-innovation","tag-microsoft","tag-startups","tag-vertical-accelerators"],"_links":{"self":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/1329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/comments?post=1329"}],"version-history":[{"count":0,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/posts\/1329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/media?parent=1329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/categories?post=1329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/innovationiseverywhere.com\/fr\/wp-json\/wp\/v2\/tags?post=1329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}