Oracle has recently announced the names of the five lucky startups selected for the first batch of its Startup Cloud Accelerator Program. Launched in April this year, the program has been conceived with the aim of catalysing India's startup ecosystem and at the same time supporting the government's Digital India initiatives.

According to a statement released by Oracle regarding the selections, the selected five will now be treated to 125 hours of combined mentorship from Oracle and various industry experts, which would include CTOs and CIOs from already established startups and other organisations, have a direct and easy access to customers and get an absolutely free professional training in Oracle's cloud. Additionally, they will also have access to a co-working space that too within Oracle’s premises, with a good internet connectivity.

The chosen five are:




  1. Niyo Solutions: A Fin-Tech startup, Niyo Solutions is aggressively working on developing alternate payment mechanisms for individuals. Currently in the stealth mode, the startup hasn't revealed much details about the product, but being selected in the top 5 is enough testimonial of its potential.



  2. Tydy: It has been just six months that the HR-based automation platform has gone Live and it has already established a reputation for itself in the HR world. Tydy is basically an HR automation platform that looks into the entire onboarding process of an employee. Deploying task management, the app introduces the new employee with all the multiple forms that need to be taken care off during the intake process, and hence automates the joining and admin processes.



  3. Vear - Easily accessible over smartphones and wearables, Vear is a Virtue Reality and Augmented Reality platform that helps brands to effectively distribute their content and deploy their various campaigns. Their wonder product focused on augmented advertising allows customers (businesses) to tag (print) advertisements, which pops up a video or 3D model when it is pointed out using the the camera in the app. The startup has been working non-stop on the product for the last one year now and has in the process able to establish good partnerships with famous Newspapers in Kolkata like Telegraph T2 and DNA for carrying out their print campaigns.



  4. ExpertRec - Having big names like awok.com, Aditya Birla Group, BookMyShow and Sulekha.com on its clientele list, ExpertRec is essentially a search and recommendation engine meant for online marketplaces integrating as a SaaS model. Putting its machine learning to use, the platform understands the search pattern of every user and then recommends them products according to it.



  5. Ray iCare - Ray IoT solutions' Ray iCare is a revolutionary sleep monitoring device which has the ability to assess respiration patterns and movements of an individual by using radar technology. Priced at a nominal Rs. 8500, the product has already found takers in the Columbia Sleep Center based in Ohio, USA.





The Oracle initiative lays focus on midsize companies,including micro, small and medium sized enterprises and startups. According to Sanket Atal, Group Vice President of Development, Oracle India, India's entrepreneurial spirit is going through a positive change, and he and his company sees the cloud technology as an important enabler of this change.

The applications received for the program were reviewed by a panel of judges that comprised of mentors and advisors of the program, as well as some senior executives from Oracle. The applicants were reviewed on the basis several factors like the level of innovation, business concept and the potential to solve real-life problems of the customers.

[Top Image - Ken Wolter / Shutterstock.com]

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