Intelligent SME.tech Issue 21 | Page 55

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// REGIONAL ROUND-UP // AFRICA | APAC | EUROPE | MIDDLE EAST | NORTH AMERICA AFRICA

ORACLE INVESTS US $ 1 MILLION TO SUPPORT AFRICAN TECH START-UPS

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 startups can find out more information and apply to this programme by visiting the programme 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 % 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 37 th 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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