Closeup of a stone sign bearing the Microsoft logo in gold letters at an entrance to Microsoft's Redmond campus in Washington state. Photo: wiki commons.

Microsoft is not only opening a new technology accelerator in Tel Aviv, but it is also initiating a new technology center (called MTC) in the central city of Ra’anana. These moves are set to improve the connection between the company and Israel’s burgeoning high-tech industry.

According to the Times of Israel, this center will add to the many Microsoft already has worldwide and will encourage Israeli innovation. Israeli startups that will be accepted to the MTC will get resources such as office space, training, mentoring and financial assistance.

In addition, Microsoft will host a “Think Next” event in Tel Aviv this month, showcasing dozens of Israeli start-up technologies and more than 4,000 participants.