Microsoft gives U.K. start-ups a helping hand

C|Net | at | by Mike

U.K. companies with "high potential" can now get a helping hand from Microsoft, the software giant said Monday, as it launched a new program to support start-ups.

Microsoft Chief Executive Steve Ballmer said the aim of the so-called Startup Accelerator Programme is to help those companies that show enormous potential but find it difficult to get started in the right way. A similar program has been running in the U.S. since August.

"Software offers huge opportunities for new U.K. businesses, but even great ideas and groundbreaking innovation are sometimes not enough to bring long-term success," Ballmer said.