Oracle today announced the opening of an Oracle Startup Cloud Accelerator in Austin, Texas—the program’s first location in the US and ninth worldwide. Started in Bangalore, India, in April 2016, the accelerator program later added locations in Delhi and Mumbai; Bristol, England; Paris; Singapore; Tel Aviv; and São Paulo.
The new Austin location gives select startups across Texas access to technical and business mentors; a co-working space in the city’s Capital Factory; opportunities with some of Oracle’s more than 400,000 customers, partners, and investors; and free credits for Oracle Cloud services. The program also aligns participants with an ever-expanding global community of startup peers.
“Austin and the state of Texas are thriving centers of innovation, and we are proud to dive in and support the startup community,” J.D. Weinstein, head of the Oracle Startup Cloud Accelerator program in Austin, said in a statement.
At the Heart of Innovation
The new Oracle Startup Cloud Accelerator cohort is supported by the company’s growing presence in Austin. Oracle recently opened a state-of-the-art, 560,000-square-foot facility on 40 acres of property on Lady Bird Lake. That campus includes an adjacent 295-unit Azul apartment building for employees and the general public.
“Rooted in its own entrepreneurial beginnings, Oracle has long believed that startups are at the heart of innovation,” Reggie Bradford, senior vice president of Oracle Startup Ecosystem and Accelerator, said in a statement. “The Austin accelerator is key to our mission of creating a global ecosystem of co-development and co-innovation where everyone—the startups, customers, and Oracle—can win.”
Following a rigorous application process, the Oracle Startup Cloud Accelerator program has accepted just five or six startups, twice a year, in each city. In addition to giving each startup a six-month residence at a co-location space, giving them access to Oracle’s technical, management, and marketing product teams, and assigning them a dedicated program manager and technical mentor, Oracle has offered each startup a set of credits for Oracle Cloud products. In evaluating applicants, judges from Oracle and elsewhere score each company on the strength of its management team, its use of technology, and its market traction.
While the Oracle Startup Cloud Accelerator is relatively new, it has the potential to nurture companies that complement Oracle’s own portfolio of platform and enterprise applications, according to a new report by consultancy Ovum.
Oracle Startup Cloud Accelerator, which is open to early-stage technology and technology-enabled startups, is accepting applications for its Austin location through August 7. Those selected will begin the six-month program in early September.
Powered by WPeMatico