Amer­i­can soft­ware gi­ant Or­a­cle launches start-up ac­cel­er­a­tor in Tel Aviv

The Jewish Voice - - NEWS IN REVIEW -

(JNS.org) The Amer­i­can soft­ware gi­ant Or­a­cle has cho­sen five Is­raeli high-tech com­pa­nies to par­tic­i­pate in its first-ever Start-up Cloud Ac­cel­er­a­tor Pro­gram in Tel Aviv.

The first Is­raeli start-ups to par­tic­i­pate in the bian­nual pro­gram in­clude the pre­dic­tive main­te­nance com­pany 3D Sig­nals, global net­work­ing com­pany Nsof Net­works, ar­ti­fi­cial in­tel­li­gence plat­form Bonobo.ai, smart au­dio-vis­ual guid­ance plat­form Toon­imo and soft­ware ser­vice com­pany Zoomin.

The com­pa­nies will de­velop their tech­nolo­gies in a co­op­er­a­tive workspace and be granted di­rect ac­cess to Or­a­cle’s cus­tomers, busi­ness part­ners and in­vestors. The ac­cel­er­a­tor also pro­vides the Is­raeli teams with men­tor­ing from lead­ing tech­nol­ogy and busi­ness ex­perts.

By launch­ing the ac­cel­er­a­tor, Or­a­cle hopes to dis­cover new Is­raeli en­tre­pre­neur­ial tal­ent that can as­sist the com­pany in be­com­ing the world’s lead­ing cloud-ser­vice provider.

The Tel Aviv ac­cel­er­a­tor is the sec­ond such pro­gram started by the Amer­i­can soft­ware com­pany, with the in­au­gu­ral pro­gram be­ing launched last year in Ban­ga­lore, India.

Or­a­cle has been ac­tive in Is­rael for the past two decades, and is one of nu­mer­ous in­ter­na­tional tech­nol­ogy com­pa­nies to seek out lo­cal tal­ent in the Jewish state, ac­quire Is­raeli start-ups and de­velop ac­cel­er­a­tors in the coun­try.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.