The Microsoft Accelerator series, powered by TechStars, recently announced the finalists in the Kinect Accelerator program.  Based on the success of that program, the Microsoft Accelerator Program team today announced the Microsoft Accelerator for Windows Azure.  Powered by TechStars, the Microsoft Accelerator for Windows Azure will host ten companies for a three-month deep immersion program focused on building businesses that take advantage of the cloud. Through this program, Microsoft and TechStars will help entrepreneurs, engineers and innovators to bring to life a wide range of business ideas that leverage the limitless possibilities enabled by Windows Azure.

The program will run from late August through November in Seattle, Washington; startups accepted into the program will receive an investment of $20,000 (USD) managed by TechStars, mentorship from top entrepreneurs, investors, and Microsoft executives, all the resources of Microsoft BizSpark and $60,000 in Windows Azure credit through the Microsoft BizSpark Plus Program. Combined with office space, tech training and support, and a Demo Day presentation to angel investors, VCs, media, and industry elites at the culmination of the program, it’s an offer hard to resist.

Applications are being accepted for the Microsoft Accelerator for Windows Azure through June 29, 2012. Check out the website to learn more and apply.