Get 3 years access to Visual Studio Ultimate + a MSDN Subscription, for design, development, testing and demo for up to 7 members (you can apply to increase your total member number via BizSpark Support) .
Get $150 USD per month of Windows Azure for the duration of your membership.
PLUS unlock a further $60k USD of Windows Azure over two years - Free usage for the first year + 50% off retail in the second year (NB. you need to be a member or alumni of an Accelerator program to qualify).
If you complete Graduation: Your organisation obtains a license grant for any production licenses for your SaaS solution and Visual Studio with MSDN subscriptions you requested at graduation. You may continue using any of the software listed on the license grant according to the use rights listed on the license grant.
NOTE: If you don’t complete Graduation: You must stop using any software provided to you via BizSpark at the end of the 3-year program.