Oracle Launches Start-Up Cloud Accelerator in India

May 4, 2016

OracleOn the heels of Oracle CEO Safra Catz’s meeting with Prime Minister of India Shri Narendra Modi and a series of investments announced as part of Oracle’s expansion in India and support of Digital India initiatives, the company has announced that its first incubation centre will launch in India.

Called the ‚ÄėOracle Startup Cloud Accelerator,‚ÄĚ the centre will open in Bangalore on April 8, 2016 and will be inaugurated by Oracle‚Äôs President of Product Development Thomas Kurian. Several more centres are slated to launch later in Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada. Sanket Atal, Group Vice President of Development, Oracle, will be leading the initiative.

‚ÄúThrough the Oracle Startup Cloud Accelerator and the growing popularity of cloud as an alternate computing model, we want to be the catalyst for new business ideas. We are committed to furthering the government of India‚Äôs ‚ÄėStartup India‚Äô initiative,‚ÄĚ said Thomas Kurian.

Oracle Startup Cloud Accelerator is a global startup accelerator initiative by Oracle. Oracle India will lead the initiative for the company. With Oracle Startup Cloud Accelerator, Oracle aims to help speed up a startup’s development through a combination of technical and business mentoring. The initiative targets midsize firms, including MSMEs and startups, which are recognised as a highly vibrant and dynamic sector of the Indian economy that contributes more than 37 percent to India’s GDP.

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