Microsoft announces Pegasus Program

 

Microsoft announced it is launching an incubator, Pegasus Program, through its platform for Azure credits, Startup Founders Hub.  The incubator would provide  $350,000  in Azure, GitHub, and LinkedIn credits to selected startups. "Startups selling to enterprise companies are challenged with long sales cycles, complex regulatory requirements, and high demands for scalability and reliability. At the same time, enterprise companies know that disruption is coming, but want to work with startups who can meet their rigorous requirements," said Hans Yang, general manager of Microsoft for Startups.  The tech company assigns a vertical lead to act as an advisor to selected startups. Yang says the program is paying extra attention to healthcare, AI, retail, and cybersecurity startups.