Singapore/India: Post its successful conclusion in Bangalore, Oracle is now expanding the accelerator program to Bristol, Delhi–NCR, Mumbai, Paris, Sao Paulo, Singapore, and Tel Aviv.
China: Ramping up its efforts to become a dominant Fintech hub in Asia, a 10 billion yuan (approx. $1.5 billion) fund was launched in Beijing, China, focusing mergers and acquisitions in the sector while seeking to nurture enterprises and startups in the industry.
India: Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 million innovation fund.
India: Enterprise application software behemoth SAP Labs India on Thursday launched accelerator program SAP Startup Studio, aimed at providing mentoring, infrastructure and technology support to early-stage startups.