Microsoft partners with SaaSBoomi to create over 2 lakh job opportunities in India

The Microsoft SaaSBoomi partnership aims to accelerate the growth of India’s AI and SaaS ecosystem, making the country a product nation and contributing to its trillion-dollar economy

Microsoft has announced plans to help create over 200,000 new job opportunities in the next 5 years and drive an additional $1.5 billion in venture capital funding for the Indian AI and software-as-as-service (SaaS) ecosystem.

To drive this goal, the tech giant has forged an MoU with SaaSBoomi, a leading community for B2B startups in India. By leveraging SaaSBoomi’s extensive network and Microsoft’s technological expertise, the partnership seeks to foster innovation and entrepreneurship, especially in tier II cities.

During the ‘Microsoft AI Tour’, the company said that the Microsoft SaaSBoomi partnership aims to accelerate the growth of India’s AI and SaaS ecosystem, making the country a product nation and contributing to its trillion-dollar economy.

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“Over the next five years, Microsoft and SaaSBoomi aim to impact over 5,000 startups and over 10,000 entrepreneurs, upskill more than 150,000 startup employees through focused workshops, foster regional development in 20+ tier II cities, create over 200,000 new job opportunities, and help attract an additional US $1.5 billion in venture capital funding for the Indian AI and SaaS ecosystem,” said Microsoft.

Microsoft will also support the emergence of more than 50 unicorns and soonicorns; driving advancements in innovation, sustainability, and technological infrastructure.

Microsoft AI innovation

Microsoft Research (MSR) Lab has also announced an AI Innovation Network to deepen its commitment to cultivate the AI ecosystem in the country. MSR will build new collaborations, especially with digital natives, to accelerate the transition from research to real, usable business solutions.

Microsoft is deeply invested in advancing the sustainability of AI and is addressing the resources needed to support responsible growth of AI infrastructure.

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