Getting the right mentoring at the right time can do wonders for any startup just beginning their journey. And imagine what would happen when this mentoring is given by multinational computer technology corporation Oracle.
\nAnnounced in April, Oracle Startup Cloud Accelerator will be a platform for startups to help them grow by providing technology, mentoring, go-to-market strategy, investors, working space, and more. Running for three weeks, this program looks at building innovative solutions that solve real-life problems for their customers. It also possess an impressive team of mentors which include Manish Chawla from Paytm,\u00a0\u00a0 Sanjay Kharb from InMobi, Mitesh Agarwal from Oracle and Rashmi Mohan from Yahoo Labs to name a few.
\nThis program will be a great boost to India’s startup ecosystem and support to the Digital India initiative. Talking about this growth, Sanket Atal, Group Vice President of Development of Oracle India said, “The entrepreneurial spirit in our country is going through a complete revolution. We see cloud technology playing a crucial role in enabling this change.\u201d<\/p>\n
A few perks these startups have earned are mentorship from Oracle and industry experts, 24×7 access to a co-working space within Oracle’s premises,\u00a0and access to Oracle’s vast ecosystem of customers and partners along with its cloud services.
\nThe first batch of six startups has already been selected.\u00a0Let\u2019s find out who are Oracle’s fantastic five.
\nExpertRec
\nThis startup is a plug-n-play search and recommendation engine that helps users find products more relevant to their personal tastes and needs.\u00a0To make this search more efficient, the startup uses three features – Recommendation Engine, Smart Search and Predict. With an impressive response time of 0.1 second, the cloud based search works real time as the user types in the search box.
\nFor business, it gives personalized product recommendations, search and machine learning solutions to boost sales and conversion rates on e-commerce and online portals.
\nWhat makes this startup unique is its algorithm which is based on Expectation Maximization. It presents the user with choices that maximises the probability (Expectation) of a favorable action (say a buy). Since it takes into account, not only the user behavior, but also the behaviors of the device, widgets, it optimizes the end goal leaving behind traditional algorithms like collaborative filtering and content based filtering.
\nNiyo Solutions
\nThis FinTech startup founded by Virender Bisht and Vijay Nagri is disrupting the consumer banking experience at a global level with its innovative and market first solutions. The startup aims to provide\u00a0alternate payment mechanisms.
\nKeeping the startup in stealth mode, the official launch will be in January next year. Yet, the startup holds great promises with Virender’s\u00a0former\u00a0experience of working with MobiQuik\u00a0and Vijay who was the Business Head at Kotak Mahindra\u00a0Bank.\u00a0
\nRay iCare
\n\u00a0Founded in 2014 by Sanchi Poovaya and Ranjana Nair, Ray iCare provides a sleep monitoring device that can diagnose epilepsy, sudden infant death syndrome and heart attacks. The promising\u00a0team behind Ray iCare has a track record of developing cutting-edge AI systems, especially for traffic surveillance and healthcare monitoring.
\nRay iCare can draw from technological solutions that are capable of measuring location, heart rate, ECG data, respiratory data, temperature, accelerometer data and much more. The big data streaming through these devices is then used to power algorithms and generate actionable insights. These insights could be fed to intelligent systems that could diagnose, forewarn and predict future medical events. We could then deliver information to the emergency response teams and medical services.
\nTydy
\nTydy was founded to bring HR teams the power of automation and ease of use. Launched in 2015, Tydy has quickly become an HR darling and is on its way to helping organizations – large & small – with the power of a great employee onboarding and engagement platform.
\nTydy is a combination of tools for paperless processes, document management, content management, real-time analytics & a personalization engine that sits on top of it all.
\nWhat makes Tydy special is that it provides both automated employee on boarding and employee engagement platform. Where the former makes sure that new hires understand the company culture and appreciate the organization, the latter helps to retain talent by making their experience better.
\nVear
\nAn Augmented Reality and Virtual reality app, Vear was founded in 2014 by Nadeem Mohammed. On the platform, you will find high quality digital content curated by brands. In simple words, it helps these brands distribute their content and deploy their campaigns by directly engaging with the customer.
\nVear can be used across smartphones, tablets and even wearables.
\nThis global startup accelerator initiative by Oracle will prove to be very fruitful for these budding startups. These initiatives are a great boost to the already growing startup culture in India providing them the correct direction and mentorship they require. Other than Oracle, other prominent accelerators include .Kyron Global Accelerator, Microsoft, Khosla Labs, Target, Google\u2019s \u2018Launchpad Accelerator\u2019 and NUMA Accelerator.<\/p>\n","protected":false},"excerpt":{"rendered":"
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