Oracle has announced the first group of startup finalists for its Startup Cloud Accelerator Program. The program, which was launched in April helps India’s startup ecosystem and provides support to the country’s Digital India initiatives.
The Oracle initiative targets midsize firms, including micro, small and medium sized enterprises and startups. “The entrepreneurial spirit in our country is going through a complete revolution. We see cloud technology playing a crucial role in enabling this change,” said Sanket Atal, Group Vice President of Development, Oracle India.
The panel of judges included the advisors and mentors of the program, as well as senior executives from Oracle. The applications were reviewed on the basis of business concept, level of innovation, scalability and potential to solve real-life problems for their customers. The five start-ups chosen are:
ExpertRec: It is a plug-n-play search and recommendation engine for online market place.
Niyo Solutions: It is a Fin-Tech startup that focuses on alternate payment mechanisms.
Ray iCare: It is a sleep monitoring device for Epilepsy, sudden Infant Death Syndrome and cardiac attacks. It uses Artificial Intelligence to notify attacks through a mobile app.
Tydy: An automated employee on-boarding platform, which allows executives to view the performance of the on-boarding process on a smartphone.
Vear: It can be used by brands to distribute their content and campaigns through augmented/virtual reality.
Oracle will give the finalists over 125 hours of combined mentorship from the company. They will also get 24×7 access to a co-working space within Oracle’s premises, with Internet connectivity.
The finalists will be a part of the Oracle Cloud including training, and after completing the six-month program, they may be eligible to continue using it for an extended period.