Microsoft's Online Services Division (OSD) hasn't exactly had a lot of good news to share lately, most painful being the recent $6.2 billion write-down thanks to the aQuantive acquisition, so it's turning to a higher power for its next bet. The company appears to be creating an angel incubator called the Bing Fund, which would foster startups that could "bring a wave of innovation to OSD" - which currently includes MSN, adCenter and, of course, Bing.
Engadget , Bing Fund taking shape to help Microsoft search for the next big thing in online services, Bing Fund taking shape to help Microsoft search for the next big thing in online services
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