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Oracle invests US$1 million to support African tech start-ups 

Oracle invests US$1 million to support African tech start-ups 

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Oracle has announced support of US$1 million for tech start-ups in Africa that will help accelerate its digital initiatives with the latest cloud technologies and business resources. Led by Oracle for Startups, Oracle will provide extra resources and support to technology start-ups across Africa over the next two years. 

Cloud credits of up to US$10,000 for 100 start-ups will be made available as part of this programme. Hands-on technical support, executive mentoring, go-to-market resources and customer engagements will also be offered to start-ups. Eligible African tech start-ups can find out more information and apply to this programme by visiting the programme website. 

“At Oracle for Startups, we help start-ups grow from grassroots through scaling. Africa is a hotbed for tech entrepreneurs and we have witnessed a 91% growth in enrolments from South African start-ups and 39% growth from over 13 other African countries within the last year,” said Jason Williamson, Vice President, Oracle for Startups. “The US$1 million investment will further boost the efforts of tech entrepreneurs in Africa to utilise the latest digital technologies for the success of their start-ups.” 

A recent report from IDC notes the importance of corporations supporting start-ups to help further spur innovation and had this to say about Oracle for Startups: ‘Highly valuable to the start-up community. Not only do they provide technology support, but they also provide benefits aligned in business areas such as marketing, market access, business knowledge and expertise.’ 

This programme follows Oracle’s recent announcement of the opening of its first cloud region in Africa to meet the rapidly growing demand for enterprise cloud services on the continent. The Oracle Cloud Johannesburg region will boost cloud adoption across Africa while also helping businesses achieve better performance and drive continuous innovation. The opening marks Oracle’s 37th cloud region worldwide with plans to have at least 44 cloud regions by the end of 2022, continuing one of the fastest expansions of any major cloud provider. 

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