In April 2016 the Cloud Accelerator Programme was launched at Oracle Cloud World in Mumbai. Now on Monday, we find that Oracle has announced the first batch of startup finalists for its Cloud Accelerator Programme. The Oracle accelerator programme which ran over a span of four weeks chose their startups not only based on their business concepts, level of innovation and scalability but also based on their potential to solve real life problems. They also took into consideration the impact of the product on the ecosystem.
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The Group Vice President of Development, Oracle India, Mr. Sanket Atal, said that this is the first initiative which Oracle India is holding worldwide. While selecting startups we were very open without putting any guard rails whatsoever. However, we were sure that these startups should be technology-based companies with a prototype ready, while having the will to succeed. Moving forward, we will have two batches from the accelerator rolling out every year, while establishing other centers for the acceleration in India and abroad.
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It is revealed that the second group of applications for the accelerator will open in August. Sanket reveals that the finalists will enjoy facilities like 24×7 working space within Oracle’s premises which will provide them the facility of working as per their convenient time, Combined mentorship from Oracle and industry experts of more than 125 hours and active interactions and sessions with the investor community to guide them in the right direction who will visit them at regular intervals. Sanket also said that they would provide two mentors to every startup one in Bengaluru and the other in US who are experts in their relevant technology sector. Sanket added that the startups would come into contact with those people who are well equipped with the Oracle Cloud ecosystem for their businesses like the Oracle’s customer base and partners.
