Oracle Launches Virtual Startup Accelerator for Growth-Stage Startups Worldwide

Oracle has launched a virtual startup accelerator programme, which is essentially a global non-residential startup programme, that will focus on cities outside the purview of its exiting residential Startup Cloud Accelerator programme, said a press release sent to Indianweb2.com.

Called as Oracle Scaleup Ecosystem, the virtual accelerator programme will give later-stage startups access to mentors and venture capitalists virtually. It is a non-residential, virtual-style program designed for startups, venture capital, and private equity portfolio companies to enable hypergrowth and scale.

Startups in growth phase or positioning for hypergrowth can apply for the programme. Interested startups, venture capital firms or similar organizations can apply here. Applications are being accepted on rolling basis.

Startups that are selected for Oracle Scaleup will have access to Oracle’s vast global resources including Oracle cloud credits and discounts, migration assistance, mentoring, marketing, and engagement opportunities with Oracle customers and partners.

The programme would be similar to its existing cloud accelerator programme, which was first launched in India in 2016, and is currently present in 9 cities in 6 countries. In 2017, it received interest from 4,000 global startups, out of which only 40 were selected. In India, Oracle's residential cloud accelerator is present in Bangalore, Delhi and Mumbai.

Reggie Bradford, Oracle senior vice president, Startup Ecosystem and Accelerator, said the programme allows the company 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 of its residential programme.

Sanket Atal, group VP - R&D in Oracle, said the need for such a programme came from the growing demand from more than 50 cities.

In last June, Hyderabad's Indian School of Business (ISB) had too launched its virtual startup incubation and acceleration arm called DLabs, which connects startups with mentors and investors who can help the business reach new heights.

In the same month, NetApp Inc., a Fortune 500 American multinational storage and data management company had also launched a startup accelerator program in Bengaluru called NetApp Excellerator programme, which was company’s first startup nurturing initiative in India.

Oracle Launches Virtual Startup Accelerator for Growth-Stage Startups Worldwide

Oracle has launched a virtual startup accelerator programme, which is essentially a global non-residential startup programme, that will focus on cities outside the purview of its exiting residential Startup Cloud Accelerator programme, said a press release sent to Indianweb2.com.

Called as Oracle Scaleup Ecosystem, the virtual accelerator programme will give later-stage startups access to mentors and venture capitalists virtually. It is a non-residential, virtual-style program designed for startups, venture capital, and private equity portfolio companies to enable hypergrowth and scale.

Startups in growth phase or positioning for hypergrowth can apply for the programme. Interested startups, venture capital firms or similar organizations can apply here. Applications are being accepted on rolling basis.

Startups that are selected for Oracle Scaleup will have access to Oracle’s vast global resources including Oracle cloud credits and discounts, migration assistance, mentoring, marketing, and engagement opportunities with Oracle customers and partners.

The programme would be similar to its existing cloud accelerator programme, which was first launched in India in 2016, and is currently present in 9 cities in 6 countries. In 2017, it received interest from 4,000 global startups, out of which only 40 were selected. In India, Oracle's residential cloud accelerator is present in Bangalore, Delhi and Mumbai.

Reggie Bradford, Oracle senior vice president, Startup Ecosystem and Accelerator, said the programme allows the company 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 of its residential programme.

Sanket Atal, group VP - R&D in Oracle, said the need for such a programme came from the growing demand from more than 50 cities.

In last June, Hyderabad's Indian School of Business (ISB) had too launched its virtual startup incubation and acceleration arm called DLabs, which connects startups with mentors and investors who can help the business reach new heights.

In the same month, NetApp Inc., a Fortune 500 American multinational storage and data management company had also launched a startup accelerator program in Bengaluru called NetApp Excellerator programme, which was company’s first startup nurturing initiative in India.

Meet 5 Finalist Startups Selected For Oracle's India Startup Accelerator Program

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]

Oracle Selects First Group of Startups for Accelerator Programme in India

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, 24x7 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.