A "Failed to initialize" message usually indicates there is a file corruption, not enough system access, or lack for Visual Runtime packages.
There is also the possibility the files from within the application are corrupted a in most of the cases, a simple reinstall fixes all these problems.
Firstly, take it with the bottom one: permissions. Right click the executable and choose Run as Administrator. Secondly, install all Visual Runtimes. You can use the following URL to download all of them: https://support.microsoft.com/en-us/kb/2977003
Lastly, use your antivirus and scan the whole computer. A virus could also damage the file integrity.