Oracle helps Asia Internet

Thu, 27 Apr 2000 | Source: DJ

SINGAPORE (Dow Jones): Oracle Corp. said Wednesday it has invested S$55 million (US$32 million) in a program to support Internet startup companies in South Asia.

Oracle said it has signed a memorandum of understanding with eight incubation centers in Singapore to provide infrastructure and technical support for companies that qualify for the electronic-business program.

Under the program, each qualifying dotcom company will pay S$1,698 in the first year for Oracle software and support worth up to S$275,000.

Electronic business in Singapore is expected to hit US$4.75 billion by 2004 from US$200 million currently, according to IDC research.

View JSON | Print