SAP SE (NYSE: SAP) today announced the launch of the SAP.iO Foundry San Francisco Winter 2019 Cohort. During the next three months, SAP will accelerate seven HR technology startups from across the globe as part of the program.
In collaboration with SAP SuccessFactors management, the announcement will be made at the Cohort Launch Day at the SAP.iO office in San Francisco…
Amazing evening with Shuchi Rana and Sairee Chahal, the Founder and CEO of Sheroes sharing her wisdom and talking about lessons learned as an entrepreneur. Her insights led to an incredible dialogue around what the future of work looks like and how women are an important part of solving problems with technology and the need to create an inclusive culture. Her community-meets-deep technology approach has made Sheroes a globally formidable platform, changing the game for women and their aspiration. Over a million women have directly benefited and Sheroes aims to impact over 100 million women in the next five years. An Aspen Leadership Fellow, Sairee is recognized for her achievements globally including Cartier Award, Editor’s choice for L’Oreal Women’s Award and Most Powerful Women in Indian Business.
Learn more about SAP.iO Foundry San Francisco
Learn more about Sheroes
SAP.iO Foundry San Francisco hosted Sairee Chahal, the Founder and CEO of Sheroes who shared her wisdom about lessons learned as an entrepreneur.
One of guiding principles of SAP.iO Fund and Foundry is its focus on Inclusive Entrepreneurship — which is about empowering women and minority entrepreneurs to build successful businesses around SAP. We’re proud that more than 40% of SAP.iO’s startups are founded or led by women and/or minority entrepreneurs.
But recent reports show that despite the best efforts, the ecosystem in Europe as was whole is still lagging behind.
Whilst most of us were busy with holiday shopping and wrapping up 2018, an alarming report was released on Dec 6th — to remind us of the urgent work ahead in 2019…
SAP recognizes the crucial need for improvement in an industry where, in 2017, only 2.2 percent of venture capital went to women-only founded startups, according to data from PitchBook Data Inc. In that year, it also found that less than 13 percent of venture capital went to U.S. startups having at least one female founder.
Innovation has always been about generating good ideas by challenging the status quo with new viewpoints. That is why diversity is fundamental to the sustained success of any innovation ecosystem. Promoting diversity in entrepreneurship and technological innovation can deliver greater economic and societal value.
As society experiments with new technologies such as artificial intelligence (AI), we must be careful to ensure that our own individual biases do not taint the data we use to train AI algorithms. Training data must accurately represent human viewpoints from the global population, so that AI can augment humans ethically, safely, and fairly.
SAP has unveiled SAP.iO No Boundaries, an initiative to fund and incubate startups led by women and minorities. The goal is to help at least 200 startups around the world within the next five years.
WALLDORF — SAP SE (NYSE: SAP) today announced SAP.iO No Boundaries, an initiative to offer venture capital and incubation to underrepresented entrepreneurs.
As the first company in the business software industry to do so, SAP pledges to commit up to 40 percent of the investable capital in the SAP.iO Fund and scale the SAP.iO Foundries program with focus on inclusive entrepreneurship. The goal is to help at least 200 startups around the world within the next five years.
On Sunday, January 20, software giant SAP became the latest company–and, it says, the only business software company–to target a share of its venture investments directly to women and underrepresented minorities.
Its fund, called SAP.iO, was launched in 2017 and invests in business-to-business startups that are a fit with SAP’s own technology platforms. With $35 million to invest, it’s already put about $4 million to work in 15 companies, 60 percent of which are in the U.S. Now, under an initiative called SAP.iO No Boundaries, the fund will invest 40 percent of its money in women and underrepresented minorities, says SAP chief strategy officer Deepak Krishnamurthy. He says the company will start ramping up its Asia-Pacific focus within the next year.
German multinational software firm SAP SE has announced the launch of the SAP.iO No Boundaries initiative, which seeks to invest in entrepreneurs from underrepresented groups.
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SAP will commit to using up to 40 percent of the capital of its SAP.iO-Fund to promote start-ups founded by women or minority individuals. “SAP is committed to improving the competitive environment for founders and minority founders in the start-up ecosystem,” said SAP Chief Strategy Officer Deepak Krishnamurthy. “And we do not do that to calm a bad conscience, but because often, women have the better ideas and make better returns in our fund.” (Original in German)
Beaucoup me demandent comment développer leur startup sur le marché SAP. Rien de plus facile ! Je vous propose un condensé des différentes étapes à suivre.
Today, we are thrilled to welcome eight companies comprising our second class at SAP.iO Foundry NY. For this cohort, we wanted to take our vision of inclusive entrepreneurship a step farther beyond the work we did with our inaugural cohort of women-led enterprise tech startups. Stemming from a desire to use technology as a catalyst for action and change, we not only wanted to work with a class of women and diverse founders, but those that everyday are making a social impact in sustainability or helping companies do business without bias.
