Insurance Technology Featured Article

Microsoft, American Family Insurance Team Introduce Startup Accelerator

June 23, 2014

Microsoft Corp. has recently formed new partnership with WI-based American Family Insurance, to introduce new startup accelerator that will be accommodated at its headquarters outside Seattle, with focus on companies innovating in home automation.

The new Microsoft (News - Alert) Ventures Accelerator will run September through December at Microsoft’s Redmond, Wash, campus. This program will primarily connect startups with experts in the industry.

In addition to this, the young companies can make use of the accelerator to know more about mentorship, workspace and way to place itself along with other world-class companies in the global marketplace.

American Family Insurance, one of the largest homeowners' insurers in the U.S., will offer deep industry experience, significant consumer insights and a wealth of homeowner knowledge to startup companies. Also, American Family Insurance is offering a minimum optional $25,000 equity investment in each startup introduced into the program.

"Home automation is ripe for startup innovation," said Steve Guggenheimer (News - Alert), corporate vice president, Developer Experience and Evangelism for Microsoft.

Guggenheimer said that they are working closely with American Family Insurance to provide a one-of-a-kind experience for entrepreneurs in their accelerator and startups accepted into the program will gain critical industry insight to build companies with the potential to have an enormous impact on their lives.

Microsoft’s venture capital arm currently runs startup accelerators in Bangalore, Beijing, Berlin, London, Paris, and Tel Aviv. Microsoft has also partnered with Techstars to run an accelerator in Seattle focused on Kinect and Windows Azure.

According to the sources, Microsoft and American Family began talking last October about teaming up on an accelerator, and they had a mutual interest in the connectivity theme.

Dan Reed, managing director at American Family Ventures said that working closely with startups and making early-stage investments in emerging technology companies is a great way to support the ecosystem and also benefit their customers.

“We look forward to working with the next generation of companies that are reimagining the connected home," Reed added.




Edited by Maurice Nagle

Article comments powered by Disqus

Related Insurance Technology Articles

DataPath Provider Payments Simplifies Reimbursements for Workers' Comp

For those in the claims processing industry, especially those who deal with workers' compensation ones, there is little doubt that managing provider payments can be challenging and costly. And, just like the application of automation technology is transforming all aspects of insurance business processes the payment of workers' comp is no exception. An illustration of this is the announcement from Little Rock, AR-based DataPath, who has launched an electronic provider payment solution precisely f… [ Read More ]
12/18/2014

Vlocity Insurance 2.0 Takes a Big Step in Omnichannel Insurance Service

The necessity of a multi-channel environment, even an omnichannel environment, is becoming increasingly clear at virtually every level and breed of sales. It's not enough to be parked at a desk waiting for a call, or making calls to potential customers on a cold-calling basis. Now, companies need to be ready regardless of the avenue customers may want to use, be it live chat, social media, or anything else. Vlocity, meanwhile, wants to help out on that front by releasing Vlocity Insurance 2.0, a… [ Read More ]
12/17/2014

Interactive Intelligence Honored as Great Place to Work

Interactive Intelligence honored with coveted Glassdoor Employees' Choice Award as one of U.S. best places to work. [ Read More ]
12/13/2014

Walgreens & MDLive Get Together for Telemedicine Push

It's well-known by now that telemedicine-the point where telecommunications and medicine coincide-has some significant potential to change the way we both seek and receive healthcare as we know it. But the specific developments within the field have proven to offer plenty of exciting conclusions and potential for expansion, and one new development comes from the combined efforts of Walgreens and MDLive, which will open up the telemedicine concept to Walgreens customers and connect same with doct… [ Read More ]
12/08/2014
FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!