Brand · International · Internet · Startups

Microsoft plans for affordable internet for all.

In a plan that would boost Microsoft’s internet infrastructure , the company launched a new fund to invest in companies working towards solutions for affaordable internet access.The fund is part of Affordable Access initiative (AAI) and invest in companies in working towards last mile access technology that can help reduce the cost of Internet access.

The fund includes a grant of $75000(Rs 49.5lakhs) plus free software and upgrades and an oppurtunity to connect with other recepients.

In a statement issued by Microsoft Executive Vice President (Business Development) Peggy Johnson said “Today there are approximately four billion people globally without Internet access. The ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world .Through this fund, Microsoft hopes to kick-start the entrepreneurial process by identifying promising ideas that it can help nurture, grow and scale.”

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