Oracle on Wednesday announced the expansion of its global startup ecosystem in an effort to increase the impact and support for the wider startup community, reach more entrepreneurs worldwide, and drive cloud adoption and innovation.
The expansion includes the launch of a new virtual-style, non-residential global program, named Oracle Scaleup Ecosystem, as well as the addition of Austin to the residential Oracle Startup Cloud Accelerator program.
The addition of Austin brings the residential program to North America and expands the accelerator's reach to nine total global locations.
"In 2017, we launched eight residential programs ahead of schedule and attracted almost 4,000 global startups for only 40 program slots-a clear indication of the tremendous demand. Oracle Scaleup Ecosystem is a new global program that allows us to reach more innovators and entrepreneurs, regardless of location, including later-stage scaleup companies who need access to Oracle Cloud solutions and resources without the hands-on offerings our residential program provides," said Reggie Bradford, Oracle senior vice president, Startup Ecosystem and Accelerator.
Oracle's global startup mission is to provide enriching, collaborative partnerships to enable next-generation growth and drive cloud-based innovation for startups throughout all stages of their journey. To that end, Oracle offers residential and non-residential startup programs that power cloud-based technology innovation and enable co-creation and co-innovation across the startups, customers, partners and Oracle.
Oracle's Scaleup program is collaborating with leading PE and VC firms and will target high-growth entities across EMEA, JAPAC, and the Americas, as well as a select number of investment groups and strategic partners. The program offers mentoring, R&D support, marketing/sales enablement, migration assistance, cloud credits and discounts, and access to Oracle's customer and product ecosystems.
Austin is the newest addition to Oracle's residential startup program, Oracle Startup Cloud Accelerator, bringing the program to North America for a total of nine locations worldwide: Austin, Bangalore, Bristol, Mumbai, Delhi, Paris, Sao Paulo, Singapore and Tel Aviv.
The program will select five to six startups per cohort, supporting two cohorts a year. Selected companies will be entitled to hands-on technical and business mentoring by Oracle and industry experts, state-of-the-art technology with free Oracle Cloud credits, full access to a dedicated co-working space, as well as access to Oracle's vast global ecosystem of startup peers, customers, investors and partners.
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