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.

Oracle Startup Cloud Accelerator Program Calls for Applications from Tech Startups

Following the launch of the Oracle Startup Cloud Accelerator Program in Bengaluru and subsequent expansion into Delhi/NCR, Mumbai and other international markets, Oracle has successfully mentored and nurtured two batches of startups as part of this program in India. Today, at Oracle Code, Oracle announced calls for applications from early-stage technology startups to join this program in Bengaluru, Delhi/NCR and Mumbai. Registrations will be open from May 10, and the group will start in September 2017.

The Oracle Startup Cloud Accelerator program provides startups with six months of training and mentorship, state-of-the-art technology, a co-working space, access to Oracle customers, partners and investors and free Oracle Cloud credits. Through this initiative, Oracle is looking to boost entrepreneurship, economic development and further the country’s digital agenda.

Unlike traditional accelerator programs, this is a next-generation acceleration initiative driven by Oracle R&D, and has a focus on reimagining enterprise innovation through true partnership with startups. The initiative targets medium-sized firms, including MSMEs[1] (micro, small, medium enterprises) and startups, which encompass a highly vibrant and dynamic sector of the Indian economy, contributing more than 37 percent[2] of India’s GDP.



Sanket Atal, Group Vice President of Development, Oracle India said, “We believe startups are at the heart of innovation. Supporting and building an efficient ecosystem for them is critical. We’ve had the opportunity to nurture some great business ideas with the startups we’ve worked with in the first two batches. As we continue to promote cloud innovation, we also involve Oracle’s global product development teams to identify opportunities where we can foster co-development. This is an exciting time for us and we look forward to continuing our support toward India’s startup community.”

Benefits of associating with Oracle Startup Cloud Accelerator Program include:
• Over 125 hours of combined mentorship from Oracle and industry experts, which includes CTOs and CIOs of established startups and peer organisations
• 24x7 access to a co-working space within Oracle’s premises, with Internet connectivity. The space also includes an activity centre, a café, and a creative, fun, healthy working environment
• Access to Oracle’s vast ecosystem of customers and partners
• Ongoing interactions and sessions with the investor community
• Access to Oracle Cloud (including training), at no charge
• After completing the six-month program, the startups that have leveraged Oracle Cloud for their business may be eligible to continue using it for an extended period

“As a data science and predictive analytics company, the Oracle Startup Cloud Accelerator program has empowered us with cutting edge cloud technology to analyze massive amounts of data,” said Naveen Setia, co-founder Farebond, one of the startups currently part of the program.

“The technology support and mentorship we’ve received from Oracle has helped us refine our product architecture. Based on their suggestions on UI/UX, we have been able to improve our product quality by several notches,” said Sathya Narayana, Founder & CEO, Re#hash.

Oracle Startup Cloud Accelerator Batch One participants
• ExpertRec has developed a machine learning-based, plug-and-play search and recommendation solution for online marketplaces
• NiYO Solutions is a fintech startup focused on alternate payment mechanisms
• Ray IoT Solutions has developed a mobile-based sleep monitoring device to detect infant healthcare dysfunctions
• Tydy provides a mobile first, automated employee on-boarding platform
• Vear provides a device agnostic, augmented and virtual reality platform for content distribution and marketing

Oracle Startup Cloud Accelerator Batch Two participants
• ezeDox is a digital locker built on the Aadhaar ecosystem using India Stack building blocks to connect organizations and users. It provides digitally signed online applications, eKYC enablement, storage, collaboration, categorization, tagging, browsing, and document sharing.
• Farebond.com is a data science and predictive analytics firm that provides dynamic price locks to hold airfares for undecided travelers, giving them more time to plan. It has an extensive risk management process to keep lock pricing attractive to end customers while mitigating the operational risks involved for air carriers.
• Re#hash is a platform for the post-sales lifecycle management of consumer products. After a product is purchased, this app enables repair, service, renew, resale, or recycle in just a few clicks. This is a one-stop tool to manage products from cradle (date of purchase) to grave (end-of-life recycling).
• Sonder Connect is a not-for-profit trust founded by four women who identify, nurture, and champion high potential women-led startups in India with the goal of growing them to be multimillion/billion dollar companies.
• Trendlyne is a financial services advisor marketplace that provides equity scoring, analytics (including interactive charts with bullish/bearish/fundamentals indicators), custom alerts, and an aggregated business newsfeed.