Oracle announced a one-million-dollar support for tech startups in Africa to assist them in accelerating their digital activities by leveraging the latest cloud technologies and business tools. Over the next two years, led by Oracle for startups, they will provide additional resources and assistance to technology startups across Africa.
As a part of the initiative, 100 startups will receive cloud credits worth up to USD 10,000. In addition, startups will also receive hands-on technical assistance, CEO coaching, go-to-market materials, and customer engagements. African startups who are eligible can attain more information and apply for this program by accessing the program website.
"At Oracle for Startups, we help startups grow from grassroots through scaling. Africa is a hotbed for tech entrepreneurs, and we have witnessed a 91 percent growth in enrolments from South African startups, and 39 percent growth from over 13 other African countries within the last year. The USD one million investment will further boost the efforts of tech entrepreneurs in Africa to utilise the latest digital technologies for the success of their startups.
Jason Williamson, Vice President at Oracle for Startups
This program follows Oracle's recent announcement that it would create its first cloud region in Africa to fulfill the continent's fast-expanding demand for enterprise cloud services. The Oracle Cloud Johannesburg Region will accelerate cloud adoption in Africa while also assisting businesses in improving their performance and fostering continuous innovation. Oracle has opened its 37th cloud area globally, with aspirations to have at least 44 towards the end of 2022, continuing one of the highest growth rates of any major cloud provider.