Microsoft today announced that they are partnering with Akamai Technologies, a leading provider of cloud services for delivering, optimizing and securing online content and business applications to form a new startup accelerator to accelerate business and create breakthroughs in cybersecurity.
This collaborationstrengthens Microsoft’s already solid partnership announced a leading VC, JVP. Participants will gain professional sessions and active mentoring from JVP, which will be an active participant in the startups selection process and will offer a $1 million investment in one of the cybersecurity startups at the end of program.
The participants will also receive free tools, top-quality mentorship, and other resources designed to help them successfully grow their business. In addition to making available its respected Web-security expertise, Akamai is offering to invest up to $25,000 with each cybersecurity startup accepted into the program through the purchase of convertible notes. Mentoring and introductions to relevant partners and customers will also be offered.
Read the full press release here.