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Software giant Oracle has chosen Austin for its first U.S. startup accelerator program.

The Startup Cloud Accelerator announced today follows the recent completion of Oracle’s 560,000-square-foot campus southeast of downtown Austin. 

Oracle, the second-largest software company in the world, will pick five to six startups focused on cloud technology to take part in the six month program, which it will run twice a year.

Image: Shonda Novak/American-StatesmanOracle says its new campus near downtown Austin will ultimately house several thousand employees in two phases.