|
|
|
|
|
24nd Safarul Muzaffer 1436 | Thursday, Dec 18, 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

NLC donates Rs One crore for AP cyclone vi...

Pained over the “Hudhud” cyclone devastating Andhra Pradesh and causing extensive damage to infrastructure, crops and loss of livelihood ...

TS Planning Commission GO issued

The Government of Telangana issued orders on Thursday constituting Telangana State Planning Commission. Chief Minister K Chandrasekhar Rao ...

Manda Sadanandam Goud sworn in as chief of...

Manda Sadanandam Goud was sworn in as first Chairman of the Telangana State Minimum Wages Advisory Board and Anil Reddy Vennam, senior vice- ...

Related News

Dinosaur-killer asteroid nearly wiped out mammals too

Many mammals came perilously close to extinction when a massive asteroid hit the earth 66 million ye ...

'Perfect storm' turbulence squelching star formation found aro...

Astronomers have recently detected a "perfect storm" turbulence that was crushing star formation aro ...

Substance from broccoli can help ward off premature ageing

A team of scientists has revealed that Hutchinson-Gilford Progeria Syndrome (HGPS) related defects c ...

Post new comment

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

Rs. 26630 (Per 10g)

Opinion Poll
Calling Nathuram Godse as 'patriot', another communal card come out from the sleeves of NDA government?
YesNoCan't say

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

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