With an aim to help India’s startup ecosystem and to support to the Digital India initiative, Oracle announced an accelerator program for startups in India in April and now the company has selected first group of startups. The selected startups will get mentorship from Oracle and industry experts, 24×7 access to a co-working space within Oracle’s premises, and access to Oracle’s vast ecosystem of customers and partners along with its cloud services.
The startups which have been selected include a plug-n-play search and recommendation engine for online marketplaces ExpertRec; a Fin-Tech startup focussed on alternate payment mechanisms, Niyo Solutions; a sleep monitoring device for Epilepsy, Sudden Infant Death Syndrome and Cardiac Attacks, Ray iCare; a mobile-first, automated employee on-boarding platform, Tydy and an AR/VR technology platform Vear.
The startups were evaluated for their business concept, level of innovation, scalability and potential to solve real-life problems of customers and to make an impact on the segment of society on which they were focused. The finalists will be a part of the Oracle Cloud including training, and after completing the six-month program, they may be eligible to continue using it for an extended period.
“The entrepreneurial spirit in our country is going through a complete revolution. We see cloud technology playing a crucial role in enabling this change,” said Sanket Atal, Group Vice President of Development, Oracle India.
On the last day of the programme, startups will be given the opportunity to pitch their idea to technology investors and leaders.
In February, Oracle CEO Safra Catz had unveiled a massive, state-of- the-art campus in Bangalore, nine incubation centres throughout India including Bangalore, Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Thiruvananthapuram and Vijayawada. The shortlisted companies will work within the premises of this campus.