Oracle Startup Cloud Accelerator chooses first batch of five startups
Two months after Oracle had started its first startup incubation centre in India named ‘Oracle Startup Cloud Accelerator’, it has announced its first batch of five startups will not only get mentorship from Oracle and industry experts but will also have 24×7 access to a co-working space within Oracle’s premises.
The centre was set up in Bangalore on April 8 and the idea behind the program is to help India’s startup ecosystem and to support the Digital India initiative.
Bangalore was identified for the centre because it is the second best-funded startup hub in the world, outside of USA, Oracle’s President of Product Development team, Thomas Kurian had said.
The list of the startups that got selected are- plug-n-play search and recommendation engine for online marketplaces ExpertRec, alternate payment mechanism focused fin-tech startup Niyo Solutions, sleep monitoring device for Epilepsy, RayiCare, mobile-first, automated employee onboarding platform, Tydy, and augmented reality (AR)/ virtual reality (VR) technology platform, Vear.
Sanket Atal, Group Vice President of Development, Oracle India, said in a statement, “The entrepreneurial spirit in our country is going through a complete revolution. We see cloud technology playing a crucial role in enabling this change…I would like to welcome these startups and look forward to working with them to build their business ideas for a better tomorrow.”
These five startups will also have access to Oracle’s vast ecosystem of customers and partners along with its cloud services.