Enterprise software giant Oracle announced the launch of its first start-up incubation centre in India on Thursday. Called the “Oracle Startup Cloud Accelerator,” the centre will open in Bengaluru on Friday. Several more centres are slated to be launched later, in Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Thiruvananthapuram and Vijayawada. Oracle’s Group Vice-President of Development, Sanket Atal, will lead the initiative, the company said in a statement.
The accelerator will provide start-ups with mentoring, technology, co-working space, access to Oracle customers and partners, access to investors and with free credits on Oracle Cloud. To participate, start-ups can apply on the company’s website till May 5. Selected start-ups will receive six month acceleration facilitated by technical and business experts from the industry and Oracle. Oracle India will lead the initiative.