After laying dormant for quite some time, Microsoft has announced that it is getting back into directly investing in startups. Microsoft Ventures has been overhauled, though it’s not clear why Microsoft has decided to get back into investing — or if the company is in it for the long haul.

Nagraj Kashyap, the corporate vice president of Microsoft Ventures, laid out his vision for the investing arm in a blog post Monday, saying that the fund will be used to support early-stage companies and help Microsoft be more involved in new technology developments.

Microsoft’s existing series of startup accelerators, and its BizSpark program to offer discounts on software, will be rolled into a new Microsoft Accelerator organization. For larger business partnerships and acquisitions, Microsoft will rely on a different team. This version of Ventures is supposed to fill in a gap Microsoft left open when it stopped directly investing in companies.

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