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Run by Oracle's research and development team, the program
provides six months of mentoring from technical and business
experts, advanced technology, access to Oracle's customers, and
partners and investors.
A pilot program was first launched in India and more centers
will be announced soon. Oracle said this was a multi-million
dollar program but did not disclose how much it would invest in
each center.
Oracle's startup cloud accelerator program builds on its
excellence center for Israeli startups, which was established in
2003 by Oracle Israel in cooperation with the government to
support the growth of early stage startups. Thirty six companies
were approved to take part in the excellence center, totaling
more than $150 million in estimated exits.
(Reporting by Tova Cohen)
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