Home
Laptops
Laptops News
Microsoft envisions Rio de Janeiro as technology hub

Microsoft envisions Rio de Janeiro as technology hub

By Indo-Asian News Service | Updated: 9 November 2012 11:48 IST

Microsoft aims to create a "technology hub" in Rio de Janeiro, the head of the US software giant's Brazil division said here Thursday.

"We hope to stimulate a flow of knowledge among the Microsoft research teams, local universities, emerging firms and the Brazilian market," Michel Levy told a press conference a day after the company announced plans for a 200 million reais ($100 million) research center in a city better known for beaches and its annual Carnival.

The Advanced Technology Laboratory in Rio will be Microsoft's fourth such facility worldwide and its first in Latin America.

The complex will also house an accelerator for business startups and a local operations center for the company's Bing search engine, Microsoft said.

Every two years, the accelerator will select 15 Internet startups to receive administrative, technological and financial support. Each firm will be eligible for financing up to 1 million reais ($500,000).

Though the laboratory will not be ready before the end of next year, the Microsoft business accelerator is due to become operational by the second quarter of 2013.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Microsoft

Kapil Sibal rules out changes in cyber law

Foxconn plans to setup manufacturing plants in US: Report

Microsoft envisions Rio de Janeiro as technology hub

Related Stories