Oracle to set up nine incubation centres in key Indian cities

In a bid to participate in India’s flagship initiatives, Make in India and Start-up India, Oracle Corp. on Friday said it will build a new campus in Bangalore and will set up nine incubation centres across the country.

The company will also launch an initiative to train more than half-a-million students each year to develop computer science skills.

“Oracle has been in India for over 25 years and during that time we’ve grown our investments tremendously,” said Safra Catz, chief executive, Oracle Corp. “We are investing over $400 million in Bengaluru, opening nine incubation centres, and training half-a-million students each year during this expansion phase to support India’s tremendous growth. We ‘Make in India’ for the rest of the world.”

Catz, who is on her maiden trip to India for Nasscom India Leadership Forum 2016, met Prime Minister Narendra Modi on Friday.

“She apprised the prime minister of Oracle’s plans for a state-of-the-art campus in Bengaluru and an initiative to help more than half-a-million students in India develop computer science skills through Oracle Academy,” a prime minister’s office statement said.

“Oracle is of the view that the plans are likely to boost Modi’s ‘Make in India’ initiative, and strengthen India’s position as a world-class design and manufacturing hub,” said the statement.

Up until now, Oracle has been involved with the Indian government for implementing large public sector and government programmes under the Digital India initiative.

India has Oracle’s second largest employee base with nearly 40,000 employees after the US. The company is looking to hire 2,000 more people.

The company’s 2.8 million sq. ft. campus in Bengaluru will be Oracle’s largest outside of its headquarters in Redwood Shores, California, the company said.

The new campus is expected to become the epicentre of its operations throughout India with more than 11,000 employees from diverse fields, including engineering, sales and marketing, global support, finance and consulting, converging at the site.

“These (nine) centres will support entrepreneurship and development of innovative start-ups by providing software, tools and training to new software and technology companies utilizing Java and the Oracle platform,” the company said in a statement.

The centres will be located in Bengaluru, Chennai, Gurgaon, Hyderabad, Mumbai , Noida, Pune, Trivandrum and Vijayawada.

On the company’s plan to train students in computer skills, Catz said Oracle Academy aims to expand its partnerships to 2,700 institutions in India from 1,700 at present, so as to reach 500,000 students annually.

Also Read:

Singapore’s Govin Capital in pact with IIT Madras incubation cell

Indian IT major HCL teams up with Microsoft to launch IoT incubation centre

Google asks court for OK to press for sanctions against Oracle

This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.