Startups are used to navigating changing markets. They are often the change agents that actually inspire markets to evolve, but right now, it’s not just venture capital or the tech scene experiencing massive shifts.
Every business and every industry has felt an impact, including startups. Entrepreneurs are finding that the whole world is adjusting to a “new normal” that will inspire fresh takes and new approaches. Venture capital is not as abundant as just a few months ago, driving many to audit their operating expenses. Customers and prospects are hesitant to purchase anything, so startups are re-evaluating product-market fit.
Working with startups around the globe, we have seen how current businesses can be resourceful and resilient, and come out stronger and more sound than before. M&A activity will continue. New businesses will emerge and thrive.
Oracle supports startups so they can continue to do what they do best - innovate.
Oracle for Startups has been in the business of supporting startups since our inception. We have witnessed how the relationship between startups and the enterprise is mutually beneficial and can be a driving force for innovation and global commerce. Startups play a crucial role in the economy.
That’s why we are covering the costs of our paying startups through June 30, 2020. Cash is crucial, and we want startups to keep as much of theirs as possible. We are also increasing our engagements, mentoring, credit grants, and offering other resources to help.
Startups in the program already have access to free cloud credits and a 70% discount on ongoing cloud services for up to two years. But we want to take it a step further. If a company has already used their free credits and is paying for Oracle Cloud Infrastructure, we are covering their cloud bill through June 30, 2020.
Between April 1 and June 30, 2020, cloud credits will be automatically applied to offset technology costs incurred by startups in our program. Startups who join between now and June 30 and burn through their initial free credits will automatically be granted this assistance.
Startups can also apply for additional credit grants through the Startup Portal. Our team will be monitoring closely and granting credits on a case-by-case basis.
The world is weird right now, but our team and global network includes experts who have experienced and learned from crises, and are here to help. Startups can tap our Mentor and Ambassador networks for 1:1 and 1:many mentorship that offers advice, suggestions, or simply someone to talk to who has been there.
Participating startups can request a mentor through the Startup Portal.
Learn more about Oracle for Startups by tuning in to an upcoming webinar.