Cloud Accelerator: In support of the Prime Minister’s Digital India Initiative, Oracle is all set to launch its Incubation center in India along with a chain of other investments in startups.
CEO of Oracle met with Shri Narendra Modi regarding this initiative and the announcement was made at Oracle Cloud World. This is a part of Oracle’s expansion measures in India. The company has confirmed the opening of the center in Bengaluru city on April 8, 2016. The President of Product Development for Oracle India Thomas Kurian will be inaugurating it.
The Oracle Start-Up Cloud Accelerator initiative of the company will be led by Oracle India. Budding Start-Ups can apply online and the applications will have to go through a qualification process. Shortlisted Start-Ups will be provided a 6 month long acceleration program and will be given mentoring, technology, co-working space, access to Oracle customers and partners, access to investors and free credits on Oracle Cloud. This acceleration program will be conducted by technical and business experts both from the Industry and Oracle. All over the country, data centers will be launched with Bengaluru being the first and Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada to follow suit. Outside of the USA, Bengaluru forms the second best funded Start-Up hub in the world. During the first phase, at least 10 Start-Ups will be featured in the program.
The Oracle Start-Up Cloud Accelerator will cater to budding technology and technology-driven Start-Ups with innovative ideas up their sleeve. The idea must have the potential to make a profound impact on target audience. Online applications can be filed at www.oracle.com/in/startup/ until May 5, 2016. The office at Bengaluru would be 2.8 million square feet wide. Mentoring plays a major role in the drive. The participating companies will have the opportunity to learn vital tactics from venture capital funds and from CEO’s of successful Start-Ups. Although, Oracle works with the worldwide Software Ecosystem, Bengaluru will have the first dedicated incubator in the world. Tech Firms are beginning to partner with Start-Ups with a view to harnessing their capabilities and service. Amazon Web Services and Microsoft’s Azure being the first and Oracle is on its way.
According to Thomas Kurian, the goal of Oracle is to make the cloud accessible not only to companies but also to each individual who has a great business idea that will bring glory to India. Oracle does not view this initiative from a venture investment point of view. Enterprises in India are waiting to move their workloads to the public domain but are bound by business, legislative and regulatory requirements. This is where Oracle’s Cloud comes in. Identical Environments, Tool sets and API’s will allow portability of workload. The brain behind this service is the Exadata-X6-the Oracle Public Cloud Machine. Outside India, the Oracle Cloud Machine has been adopted strongly and is currently supporting more than 70 million users and processes more than 34 billion transactions each day. The Oracle Cloud will be available to customers through a subscription and will be the premiere Start-Up service in India.