Oracle Opens Doors to New Batch of Indian Startups

ORACLE CODE, New Delhi, May 10, 2017 /PRNewswire/ -- 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 MSMEs¹ (micro, small, medium enterprises) and startups, which encompass a highly vibrant and dynamic sector of the Indian economy, contributing more than 37 percent² 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. 

About Oracle
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¹  http://www.smechamberofindia.com/about_msmes.aspx
²  http://smestreet.in/msmes-contribute-for-more-than-37-of-gdp-and-employment-for-805-lakh-indians/

SOURCE Oracle

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