Oracle, a cloud computing company, has announced a ZAR15 million (US $982,000) initiative targeted at assisting African businesses across a variety of industries in using cutting-edge digital technology to accelerate their growth.
Over the next two years, Oracle for Entrepreneurs, a worldwide cloud computing firm, will give more resources and assistance to technology startups across Africa. Hands-on technical help, executive mentorship, go-to-market tools, and customer engagements will be available to businesses.
“At Oracle for Startups, we help new businesses grow from grassroots through scaling. So far, enrolments from South African startups have grown by 91 percent, while enrolments from new businesses in over 13 other African countries have grown by 39 percent within the last year – all of which is evidence that Africa is at the forefront of the digital economy,” said Jason Williamson, vice president of Oracle for Startups.
“This ZAR15 million investment will further boost the efforts of tech entrepreneurs in Africa to utilise the latest digital technologies for the success of their startups.”
The initiative, which comes on the heels of Oracle’s recent introduction of its first cloud region in Africa to fulfil the continent’s fast-rising demand for enterprise cloud services, is accessible to all African digital entrepreneurs, and additional information and an application can be found here.