Oracle launched its first accelerator program in Bengaluru named the ‘Oracle Startup Cloud Accelerator’.
It aims to strengthening India’s nascent startup ecosystem and provide further boost to Prime Minister Narendra Modi’s Digital India and Make in India initiatives. It will incubate 5-6 early-stage technology startups through a 6-month acceleration program. During the acceleration program startups will get mentoring, co-working space, access to Oracle’s customers, partners and investors, and free credits on Oracle Cloud platform.
Recently Oracle’s CEO Safra Catz had also announced a $400 million investment into the Bengaluru technology center.
Over time it will launch the accelerator program in eight other Indian cities, including Chennai, Hyderabad and Mumbai.
Oracle with it’s cloud platform is competing with Google, Amazon Web Services, Microsoft Azure, and IBM, who are having a good run in India. Microsoft was a pioneer in creating a startup accelerator in India that has matured into a very robust program.
Large tech firms, globally, are partnering with startups to expand their offerings.