Oracle has announced a new Startup Cloud Accelerator program to help emerging firms and entrepreneurs gain a foothold in the industry. The first incubator for the project will be launched on April 8 in Bengaluru, a place which the company terms is the second best funded startup hub across the globe after the US.
Oracle plans to launch 8 more incubators in Thiruvananthapuram, Vijaywada, Gurgaon, Pune, Chennai, Mumbai and Hyderabad. The Startup Cloud Accelerator venture is open to any early-stage technology or technology-enabled businesses which are looking to develop unique solutions for everyday probems.
The final product should additionally have the potential to make a significant impact on the customer segment the company is targeting and be cloud-based. Interested parties can apply for the program online and have until May 5 to do so. Oracle plans to take in about 5 to 6 startups for each group and run the program over the course of 6 months.
During this time, the firms will be exposed to mentoring from prominent experts in the field and get to use free Oracle Cloud credits including IaaS, SaaS, PaaS, and DaaS. The brand will further give the startups access to state-of-the-art technology and working space. There’ll also be sessions with venture capitalists and angel investors in order help it get a platform to grow.
Also See: Oracle SOA Cloud Service, API Manager Cloud Service launched
The last day of the Startup Cloud Accelerator project will see the teams pitch its idea and give a demo to major technology investors and leaders. The businesses will also be enrolled in the company’s alumni program which offers extended support through ongoing access to the mentor network and partnerships with the ecosystem.