|
|
|
|
|
5th Muharram 1436 | Friday, Oct 31, 2014
Science

Microsoft envisions Rio de Janeiro as technology hub

Friday, 9 November 2012
Comments(0)
Rio de Janeiro, November 09:

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.

IANS

Latest News

BJP credits Modi govt for reduction in petrol, diesel prices

BJP on Friday welcomed the reduction in petrol and diesel prices and hoped that it will help bring ...

KCR defers cabinet expansjon for time bein...

The much expected cabinet expansion in Telangana State is now likely to be held only after the budget session of the State Assembly. Acco ...

Cyber crime prevention strategy will be st...

The Home Ministry is taking all steps necessary for the prevention of cyber crime and very soon we shall further strengthen the Cyber Crime ...

Related News

Wiki Tweaks for Chrome restyles Wikipedia to focus on content, avoid di...

Wiki Tweaks for Chrome has restyled Wikipedia to help users to avoid distractions from the links wit ...

Galaxies probably settled 2b yrs earlier than previously believed

Scientists have dug deeper and discovered that galaxies actually settled in to their current forms s ...

Why dinos had feathers long before early birds first attempted flight

A new study provides deeper insight into why dinosaurs had cloak of feathers long before early bird ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26810 (Per 10g)

Opinion Poll
Do you think formation of 'She' teams would be beneficial for women's safety?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, AP, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com