Oracle to set up its first incubation centre in country

Company through Oracle Startup Cloud Accelerator aims to help speed up a start-up's development through combination of technical and business mentoring

As part of its plans to expand and support Digital India initiatives, software and solutions major Oracle today announced at the Oracle CloudWorld it will set up its first incubation centre in country.

Called ‘Oracle Startup Cloud Accelerator' the centre will open in Bengaluru on April 8, 2016 and will be inaugurated by Oracle’s President of Product Development Thomas Kurian. Oracle will launch nine incubation centres. 

Read more from our special coverage on "ORACLE"

• Oracle seeks $9.3 billion in damages from Google over copyrights infringement

These centres are slated to launch later in Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada. Oracle’s Sanket Atal, Group Vice President of Development, will be leading the initiative.

“India is at an exciting phase of growth, innovation and development. Through the Oracle Startup Cloud Accelerator and the growing popularity of cloud as an alternate computing model, we want to be the catalyst for new business ideas,” said Kurian.

Oracle Startup Cloud Accelerator is a first-of-its-kind global start-up accelerator initiative by Oracle. Oracle India will lead the initiative for the company. With Oracle Startup Cloud Accelerator, Oracle aims to help speed up a start-up’s development through a combination of technical and business mentoring. 

The initiative targets midsize firms, including MSMEs (micro, small, medium sized enterprises) and start-ups, which are recognised as a highly vibrant and dynamic sector of the Indian economy that contributes more than 37 percent to India’s GDP, said the company.

“We chose Bengaluru for our first centre, given that Bengaluru is the second best funded start-up hub in the world, outside of USA,” added Kurian.

Oracle Startup Cloud Accelerator will provide following

• Structured mentoring

• State-of-the-art technology

• Co-working space

• Access to Oracle customers and partners

• Access to investors

• Free credits on Oracle Cloud

Oracle Startup Cloud Accelerator is open to early-stage technology and technology-enabled startups who are building innovative solutions. The product or service should have the potential to make an impact on customers in the specific industry segment they are targeting. 

Prospective start-up applicants will be reviewed through a meticulous qualification process. Start-ups can apply online at www.oracle.com/in/start-up/ till May 5, 2016. Selected start-ups will enjoy the benefits of a six month acceleration facilitated by technical and business experts from the industry and Oracle. 

The launch also comes after Oracle’s CEO Safra Catz’ announcement that the company is investing $400 million in Bengaluru for setting up its campus, and opening nine incubation centres and  training half a million students each year during this expansion phase to support India’s tremendous growth. 
 

The Bengaluru centre will spread over 2.8-million-square-feet, and will be Oracle’s largest outside of its iconic headquarters in Redwood Shores, California.

Oracle Academy currently partners with more than 1,700 educational institutions in India, to advance computer science education and drive knowledge, innovation, skills development, and diversity in technology fields. Through these collaborations, more than 3,000 India-based teachers were trained in Java and database last year alone.

Going ahead Oracle Academy aims to expand its partnerships to another 1,000 institutions in India, with a goal of reaching 500,000 students annually.