When we officially launched the SAP.iO Fund & Foundries in March of 2017, we were taking a bet that we could help “kick-start” an early-stage ecosystem comprised of great startups who could deliver value to our customers. We also realized we needed to find a new way to address the pains they consistently cited.
Once upon a time, the startup vs. big company story was like that of David and Goliath. The large company, comfortable in its market dominance, only to be upset by the agile, hungry, underdog startup who used its lowly position to have an ear closer to the ground of innovation. The managing Director of SAP.iO had the privilege of helping to direct a different story: that of the mouse and the lion realized how their unique strengths and sizes can complement each other.
COI Energy from SAP.iO Foundry New York is on a mission to make enterprises more sustainable. By helping companies optimize energy utilization and reduce their carbon footprint, founder and CEO SaLisa L. B. is working to make the world a better place.
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…
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.
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.
We announced the winners of the first ever Aviation Blockchain Challenge in partnership with the Lufthansa Group, last month — wrapping up a six-week period of high intensity (akin to bitcoin trading circa 2017). We wanted to see how far we can push the blockchain enthusiasts/entrepreneurs of the world….
Was the SAP.iO Foundry worth it? That’s the question I’m often asked now that our company, Ziggeo, has graduated from SAP.iO’s first NYC cohort. The short answer is: yes — at least, for us. The longer answer: it depends on your company’s goals and expectations. Here are a few takeaways from our time there…
When Bill McDermott, CEO and Member of the Executive Board of SAP SE, met with Emmanuel Macron, President of France, at the #ChooseFrance summit earlier this year — the meeting resulted in one of the largest investments in the French tech ecosystem!
I Can’t believe it’s been a year! The 2nd edition of SAP.iO Foundry powered by Techstars in Berlin is already half way through! Being part of the program last year was indeed a pivotal moment in Greendeck’s journey. It was an accelerator in the true sense of the word — thrusting us in the right direction like a rocket launcher.
We are on a journey here at SAP.iO Foundry, Powered by Techstars Accelerator, all of us, not just the startups but also the associates, the team and the incredible mentors. The flagship SAP.iO Foundry in Berlin offers tailored mentorship, access to SAP APIs, access to SAP technologies, and opportunities for exposure to SAP customers.
We are on a journey here at SAP.iO Foundry, Powered by Techstars Accelerator, all of us, not just the startups but also the associates, the team and the incredible mentors. The flagship SAP.iO Foundry in Berlin offers tailored mentorship, access to SAP APIs, access to SAP technologies, and opportunities for exposure to SAP customers…
Over the course of the last two years, our team has grown from eight people to more than one hundred twenty. It’s been a sight to behold. But growth also brings its own challenges. Two years ago, we were in the trenches together day after day. We were close to the problems. The field of battle was concentrated. Today, the theater has sprawled. We have distinctly different businesses, different foci, and different skills. We have matured as an organization. And that maturity creates distance between each of our leaders and those on the front lines.
16 weeks. 150 mentors. 9 enterprise tech startups, with a combined annual revenue run rate of $24MM+. All women-led. This was SAP.iO Foundry NY’s first cohort by numbers, which ended on August 14.
The Latino population is large and growing and their contributions to the US economy are remarkable. Over 350,000 businesses are owned by Latinos, creating nearly 3 million American jobs, and driving a GDP of more than $2 trillion — larger than the GDPs of Canada or Italy.