Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

Oracle Mentors Early-Stage startups in Israel

The Oracle Startup Cloud Accelerator to provide mentorship, cloud services and support to early-stage technology startups in Israel: Interested startups can sign up to receive more information HERE

 VP Marketing Oracle Israel Reggie Bradford

In Israel today Oracle announced the opening of its Startup Cloud Accelerator program. Israeli startups are among the first to join the program as Oracle considers the country to be second only to silicon valley in entrepreneurship and innovation.

They don’t call Israel Startup Nation for nothing. It is home to some of the world’s top innovators in high tech and some of its biggest exits over the last 20 years.

More new centers around the world will soon be announced. The opening of the accelerator in Israel follows a pilot program launched in India in April 2016.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

“Oracle today marks the 20th anniversary of its Israeli subsidiary. Over the past two decades, the company has acted as a source of innovation in Israel, ” said Uzi Navon, the company’s Israel’s country leader.

The new center in Tel Aviv will be run by members of the Oracle research and development team. Startups must apply for selection. The selection process includes pitch and interview sessions with Oracle and industry executives.

Five startups will be selected per group; two groups a year. Selected startups will participate in a six month program.

Oracle does not take equity in the startups, but provides top mentoring, co-working space, access to Oracle’s 400, 000+ customers as well as partners and investors, and free Oracle Cloud credits. It also offers an ever-expanding global network of startup peers.

oracle-startups - Attending the January 2017 launch of the Oracle Startup Cloud Accelerator in Tel Aviv are,  from left,  Avi Stern,  CFO at Wix,  Moshe Selfin,  COO/CTO and partner at Credorax,  Gil Hoffer of Oracle Ravello and Daniel Zaturansky,  cofounder and COO of Powtoon. Photo by Sally Farag

Although it has invested millions in this program, it is not clear how much it will invest in each center.

The company believes that supporting invention and entrepreneurism among emerging companies is critical in furthering enterprise tech innovation.

Senior Vice President of Product Development Reggie Bradford, a serial entrepreneur himself, will lead the program.

“The next five to ten years promise innovations and growth that will drive new business ideas enabled by cloud, ” said Bradford. “Oracle understands that startups are at the heart of innovation, and through this program we aim to give startups access to extensive resources and support when they need it most.”

“Israel has one of the most vibrant and exciting startup ecosystems around today with a rich heritage of innovation, ” said Bradford. “To ensure that this legacy is built upon it’s vital to nurture the next wave of technology companies and talent. Oracle is committed to helping support and spur this innovation.”

Oracle acquires Israeli startup Ravello Systems for $500 million

Already 36 companies have been approved for the Oracle Excellence Center, totaling more than $150 million in estimated exits. The Oracle Israel R&D team is composed of eight development centers that have joined Oracle by acquisitions, including two startups acquired in 2016: Ravello, which enables enterprises to use public cloud as a true extension of their data center, and Crosswise, a cloud marketing company.

Oracle buys Israeli startup Crosswise for $50 million

The Israel Oracle Startup Cloud Accelerator is open to early-stage technology and technology-enabled startups. The call for applications will open later in 2017. Interested startups can sign up to receive more information HERE

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News