2019 was a banner year for the SAP.iO Fund & Foundries. We supported 92 startups through our unique mix of early-stage startup investment and acceleration, as we build the next-gen ecosystem that will help SAP deliver the intelligent enterprise and enable customers to win in their markets, today.
We invested in 11 new startups from the SAP.iO Fund, and made follow-on investments in more than 5 other companies. We accelerated 81 startups across our global network of 8 SAP.iO Foundries, including 4 new SAP.iO Foundries in EMEA and Asia. Additionally, we launched SAP.iO No Boundaries – our industry-leading commitment to support underrepresented founders in B2B software.
Our approach is resonating. More than 300 customers visited SAP.iO Foundries to see first-hand how SAP is delivering on its commitment to innovation and get connected to the most relevant startups who could quickly provide value, especially in an existing SAP environment. More than 237 press articles were written about SAP.iO Fund & Foundries, including features in the New York Times, CNBC, and Nikkei Asian Review. And, we were recognized as a “Top VC for Women” and a Top 2 Corporate Startup Star in Europe.
We look forward to 2020, as we scale the impact of SAP.iO Fund & Foundries, and strive to deliver the “Win-Win-Win” – value to customers, benefit to startups and strategic impact for SAP. We thank you, our community – partners, startups, investors, mentors, and employees – for your unwavering support in helping us build the most innovative and inclusive ecosystem that delivers valuable outcomes for SAP’s customers.
Dr. Ram Jambunathan
SVP, Corporate Strategy &
Managing Director, SAP.iO