REDWOOD SHORES, Calif., June 22, 2018 /PRNewswire/ — Oracle today announced the opening of the Oracle Startup Cloud Accelerator in Austin, Texas, the global program’s first U.S. location and part of the Oracle Global Startup Ecosystem. The new accelerator provides statewide startups with access to a network of more than 430,000 Oracle customers, technical and business mentors, state-of-the-art technology, co-working space at Capital Factory, introductions to partners, talent, and investors, and free Oracle Cloud credits. In addition to local expertise, the program offers an ever-expanding global community of startup peers and program alumni.
Austin Startup Cloud Accelerator
The Oracle Startup Cloud Accelerator, which is open to early-stage technology and technology-enabled startups, is accepting applications through August 7. Startups will begin the six-month program in early September.
Oracle’s Austin Startup Cloud Accelerator is run by JD Weinstein. Weinstein, a former Principal at WPP Ventures and previously a Venture Associate at Capital Factory, brings a deep understanding of the local startup ecosystem and scaling startups through enterprise relationships.
“Austin and the State of Texas are thriving centers of innovation, and we are proud to dive in and support the startup community with cutting edge resources, including enterprise customer channels, hands-on experience with Oracle technical and product teams, mentoring from top business leaders, executives, and investors, as well as connections to thousands of entrepreneurs and corporate partners through our collaboration with Capital Factory,” said JD Weinstein, head of Oracle Startup Ecosystem in Austin.
Capital Factory & Austin Network
Oracle is working with Capital Factory to provide connections to the organization’s expansive network of local entrepreneurs, prominent CEOs, venture capitalists, corporations, and government officials. Startups in Oracle’s accelerator will also receive access to Capital Factory’s Mentor Network, free co-working space, and will benefit from the reach of the organization’s social media and event communities. Members of Oracle’s broader Global Startup Ecosystem will also benefit from the relationship with Capital Factory.
“We are excited that Oracle has invested in Austin as the first U.S. location of its global accelerator,” said Joshua Baer, founder and executive director, Capital Factory. “The combination of our mentor network and Oracle’s cloud platform and customer connections will provide startups a major advantage in growing their business.”
The Startup Cloud Accelerator is supported by Oracle’s rapidly growing presence in Austin. The company recently opened a state-of-the-art campus on Lady Bird Lake. Oracle’s expanding employee base and the new facility will provide additional resources and support for startups in the accelerator program.
Commitment to Global Startups
“Rooted in its own entrepreneurial beginnings, Oracle has long believed that startups are at the heart of innovation,” said Reggie Bradford, senior vice president, Oracle Startup Ecosystem and Accelerator. “The Austin accelerator is key to our mission of creating a global ecosystem of co-development and co-innovation where everyone—the startups, customers, and Oracle—can win.”
The Oracle Global Startup Ecosystem offers residential and nonresidential startup programs, plus a burgeoning higher education program, that power cloud-based technology innovation. The residential Oracle Startup Cloud Accelerator has locations in Austin, Bangalore, Bristol, Delhi–NCR, Mumbai, Paris, São Paulo, Singapore and Tel Aviv. Oracle Scaleup Ecosystem is the nonresidential, virtual-style program available for growing companies around the globe. Interested startups, venture capital firms and other organizations, regardless of their location, can apply for Oracle Scaleup Ecosystem here.
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The Oracle Cloud offers complete SaaS application suites for ERP, HCM and CX, plus best-in-class database Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) from data centers throughout the Americas, Europe and Asia. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
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