Object-relational database management system produced and marketed by Oracle Corporation.
Recently, Oracle named the first six startups selected for its Paris-based Oracle Startup Cloud Accelerator program. Oracle launched its first accelerator in Bangalore, India, in April 2016 and has now expanded to seven additional accelerators in other parts of the world. This is reported by the Oracle Blog.
This startup accelerators offer companies access to financial and other resources they wouldn’t otherwise have, while exposing the new companies to the startups’ innovative thinking and energy.
Nowadays, Oracle Startup Cloud Accelerator has a new form: it provides young companies with personalized technical and business mentoring, free access to a range of Oracle Cloud services and helps them to create commercial relationships with Oracle’s large enterprise customers.
We’re trying to develop sustained relationships with startups to give them something that is in line with the specific point in their history.
Dominique van Deth
Accelerator program director, Oracle Startup Cloud Accelerator for France
Oracle provides start-ups with two full-time specialists - technical “mentor in residence” and a program lead who can provide business counsel. These two professionals provide companies with individual, first-class support.
Paris accelerator focuses on companies already generating $100,000 in monthly recurring revenue. Oracle Startup Cloud Accelerator is adjusted on a market-by-market basis.
"Old" start-ups, for example, Dial-Once, one of the six companies accepted into the Paris program, face a very different set of problems, such as selling into larger businesses or growing internationally.
Oracle’s vast global resources, technologies, and support ecosystem will be a boost and position us to continue to scale our solution globally.
The other five startups accepted into the Paris-based accelerator are:
- 1Check, which digitizes processes for hotels, campsites, resorts, nursing homes, apartment buildings, and school campuses
- OuiTeam, which helps companies improve workforce efficiency by optimizing internal staff transfers from one site to another
- Shippeo, whose mobile application helps shippers and freight forwarders monitor their supply chains in real time.
- Tilkee, whose lead-conversion application, used in email campaigns, helps marketers close deals by analyzing prospects’ reading behaviors to score their interest and prioritize follow-ups.
- Weblib, whose in-store Wi-Fi and tablet software help retailers and restaurants boost revenue, improve traffic, and build customer loyalty.
Oracle received hundreds of applications, each of which was scored by seven judges criteria. So, as a result, Oracle then conducted follow-up interviews via videoconference, further winnowing the applicant pool to 32 companies.
Participants received access to:
- coworking space
- a tailored curriculum
- peer-to-peer interaction with Oracle employees worldwide
- free Oracle Cloud services
- go-to-market education from Oracle and industry executives
In addition the accelerator program illustrates that Oracle can be a strong business and technology partner to companies of all sizes.