US software giant Oracle Corp signed an agreement on Thursday with Israel's Office of the Chief Scientist to establish a technological support centre for Israeli start-ups. Under the agreement, Oracle will provide technology and know-how to Israeli start-ups, especially in the software sector, while the Chief Scientist will fund some of the research and development costs for the companies that meet its criteria for financial support.
"We can truly build some very large employers and exporters," Oracle co-President Safra Catz told a news conference.
The Israeli-born Catz said the value of Oracle depends on the number of people and companies that run their computers on Oracle platforms.
Oracle, the world's second-biggest software maker, hopes to benefit from getting start-ups with potential to grow to large companies to use their software early on.
She noted that Amdocs and Mercury Interactive Software were two examples of large Israeli software companies that are Oracle partners.
The Chief Scientist, part of the Industry and Trade Ministry, said that in addition to providing start-ups with preferable conditions in the purchase of Oracle infrastructure, the centre will help the Israeli firms in marketing by opening doors to Oracle representatives and leading companies world-wide.
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