Microsoft Corporation has decided to roll out an overall grant of $100,000 for IT startups in India, which are in the product space and specialise in IP creation.

The initiative will be launched in mid-April and is aimed at strengthening the entrepreneurial ecosystem in the country.

Microsoft Corporation technology advisor Girish C Joshi said, "Microsoft will give a grant and not participate in the equity of the startups. We will look at IT startups which are in IP creation in product space. We are keen on those IT startups which will harness the power of cloud and mobile to create applications." Joshi was in the city to address a workshop on development of entrepreneurship organised by The Indus Entrepreneurs (TiE).