Microsoft on Friday announced a program designed to help 10 developers or startups launch businesses around products for Kinect



From PCWorld:

he 10 people or startups accepted into the Kinect Accelerator program will spend three months in Seattle working out of the Kinect Accelerator office, where they will receive technical training and support and be mentored by entrepreneurs, investors and Microsoft executives. They will also get US$20,000, an Xbox development kit and the Windows Kinect SDK (software development kit). At the end of the program, the companies will present their business ideas to angel investors, venture capitalists and the media, and potentially receive additional funding.

Companies accepted into the program must give up a 6 percent equity stake in their business to TechStars in common stock.

  Microsoft to Help 10 Kinect Startups