India: Oracle said its first startup cloud accelerator will launch in India, as part of a strategy to expand its base in the country and support the Prime Minister’s Digital India initiatives.

The US technology firm said the first centre would open in Bangalore on April 8, and would be inaugurated by Oracle’s President of Product Development Thomas Kurian.

Several more centres would be launched in Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada, the company said.

Sanket Atal, Group Vice President of Development at Oracle, will lead the initiative.

“Through the Oracle Startup Cloud Accelerator and the growing popularity of cloud as an alternate computing model, we want to be the catalyst for new business ideas,” Kurian said in a statement.

The accelerator is aimed at boosting startup’s development through technical and business mentoring. The accelerator will work with midsized firms, including micro, small, medium sized enterprises and startups.

The accelerator will provide technology, co-working spaces, free credits on the Oracle Cloud, access to investors and to Oracle’s customers and partners.

This is the latest in Oracle’s investment in the country. In February, CEO Safra Catz said the company was setting up nine innovation centres and would open a 2.8 million square feet office in Bangalore.

Posted by innohacks