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SAP.iO Foundry Paris launches new startup program on “Future of Retail and Consumer Products”

September 21, 2022 SAP SE (NYSE: SAP) has launched a new startup accelerator program focused on the “Future of Retail and Consumer Products” at SAP.iO Foundry Paris. 12 international startups were selected by a jury of SAP experts, partners, customers and investment funds to join the program. These startups were recognized as pioneers in this year’s chosen field, a theme that is more topical than ever with the upheavals in customer habits and the customer journey due to effects of the pandemic and the accelerated digitalization of all businesses.  

SAP.iO Foundry Paris, SAP’s equity-free startup accelerator in France, has already helped more than 65 growth businesses develop their business or their solution. The Foundry’s efforts helped meet France’s overall startup investment goal set at the #ChooseFrance summit, France’s flagship forum for economic attractiveness. 

“SAP.iO is committed to accelerating startups to help customers run at their best. For this program, our focus is on retail, addressing the traceability and authenticity of products as well as offering consumers an improved and differentiating purchasing experience”, said Odilia von Zitzewitz, Interim Lead at SAP.iO Foundry Paris. “We are very proud to accompany this new class of startups and help them scale their innovations.” 

Over the next five months, the startups will have access to personalized mentoring from SAP France executives, exposure to SAP® technology and application programming interfaces (APIs), as well as opportunities to collaborate with SAP customers around the world. 

The following startups are participating in the latest SAP.iO Foundry Paris program: 

  1. Sorga Technology supports retail brands in their digital innovation by offering a low-energy solution ensuring the transparency and traceability of their products.
  2. Arianee provides businesses with simple solutions for building direct relationships with consumers, respectful of user data and independent of large technology platforms.
  3. CollectID can be used to guarantee product authenticity, improve the physical experience and establish a direct communication channel between brands. The solution guarantees the authenticity and uniqueness of products while bringing brands closer to their customers.
  4. DIAKSE develops and markets a solution for creating virtual showrooms in the metaverse with one objective: to enable brands to better communicate about their products and thus help them increase their sales.
  5. Foodetective is a management platform and infrastructure (API) for the F&B industry. Companies use Foodetective to automate operations, simplify administration, increase online revenues and accelerate new business opportunities.
  6. LIVEBUY GmbH is an online shopping solution for leading retailers that provides both the technology and the right creators to build a successful content platform within online shops.
  7. Priceloop has developed an AI to facilitate and automate the pricing process, offering the best prices taking into account all the essential parameters.
  8. Replika Software is a turnkey social selling solution. It enables brands to activate a network of social sellers with a turnkey business to inspire on social media, sell online and connect with customers.
  9. Shopreme GmbH is developing a technology called “Scan & Go” that brings the benefits of online shopping to real shops including speed, ease of payment, personalized recommendations, shared shopping lists, and more.
  10. SmartPixels provides a 3D product configuration and visualization tool to help fashion and luxury brands create personalized and interactive experiences online and in-store.
  11. SMARTZER LTD’s platform is used by brands to transform their videos and live streams into interactive and actionable experiences, allowing them to get direct ROI from content and measure detailed data from video interactions.
  12. YZR automates and accelerates all of its customers’ text data projects with a powerful solution based on automatic language processing.

If you want to learn more about this program, check out the SAP.iO Foundry Paris website or get in touch with the team.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 450+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

100+ startups driving innovation in recommerce tech

Queen of Raw, Lizee, and EON were named leading startups in recommerce tech by CB Insights. Consumer demand for more sustainable and affordable products is driving the shift to a more circular economy and one of the main pillars of this is recommerce, or giving old items new life instead of discarding them.

From retail-as-a-service to authentication to managed marketplaces, companies in the retail industry are making the process of giving old items new life more seamless and efficient.

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SAP.iO Foundry New York Launches Sustainability in Retail and Consumer Industries Program

October 19, 2021 SAP SE (NYSE: SAP) welcomes a new cohort for its startup program focused on sustainability in retail and consumer industries at SAP.iO Foundry New York. Seven startups were selected to join the program by a jury of SAP experts, partners and customers among hundreds of startups.

The startups are using next generation technologies to drive sustainability across the value chain in areas such as reusable packaging, responsible and ethical supply chain as well as circular economy. Over the next 16 weeks, the startups will have access to curated mentors, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry New York sustainability in retail and consumer industries program:

  • Algramo offers a circular platform that encourages consumers to buy in a more convenient, affordable way with zero waste and connects people, brands and retailers to change consumption habits.
  • Ecocart calculates the carbon emissions of business activities, then programmatically offsets those emissions by funding impactful certified carbon offset projects like planting trees or building windfarms.
  • Everledger leverages blockchain and internet of things technology to offer transparency into supply chains for clarity on quality, origin, sustainability footprint and compliance standards.
  • EVRYTHNG helps customers run their business differently with real time data intelligence from each of their products, end-to-end from factory to consumer and beyond.
  • Inspectorio provides a dynamic and risk-assessment based quality compliance program for digitization, automation, transparency and traceability.
  • LimeLoop is a platform for sustainable shipping including reusable packaging, real time tracking, and predictive analytics.
  • Specright delivers a purpose-built platform for specification management that changes how brands, suppliers, manufacturers, and retailers manage data and collaborate to bring products to market.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 330+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit https://sap.io/.

Use the best content to sell your products and brands with eStoreMedia

Today, every brand needs to be an e-commerce All Star. The problem? Many brands don’t know how to play the game. From solving distribution problems, through optimizing content and in store search, monitoring pricing and promotions, to creating a ratings and reviews strategy, a long list of complex processes must be executed by brand teams just to keep their heads above water in the e-commerce world. Companies are struggling to fill the ever-present gaps in content, distribution, search, and ratings.

Looking to win on the digital shelf? Look no further than eStoreMedia.

eStoreMedia provides a suite of automated, e-commerce tools that helps CPG brands optimize growth in online sales. The eStoreMedia suite is made up of two core products: eStoreContent and eStoreCheck. eStoreContent takes the product content from a brand’s database and delivers it to the product pages on each of the brand’s online retail channels via a syndication process. This streamlines complex content management processes; it expedites content implementation and maximizes content effectiveness by ensuring the best content is always deployed. Rich and relevant content improves conversion, which in turn is favoured by the e-retailer’s algorithm, making the product more findable, and sales accelerate accordingly.

eStoreCheck provides enhanced predictive analytics that measure a brand’s overall performance on the digital shelf including the performance and compliance of rich content as well as keywords in titles, descriptions and bullet points. It also checks other elements in store such as product availability, price and promotion, and overall category performance benchmarked against competitors, and buy box win/loss analysis. When eStoreCheck identifies a gap (a risk or opportunity), it creates a prioritized action list, enabling e-commerce teams to seize more sales opportunities. With both e-commerce analytics and e-content management, eStoreMedia’s comprehensive solution provides quick, automated content deployment across multiple online marketplaces and sites, and ensures that companies win over the shopper with the best content to sell their products and brands.

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Data prep platform Explorium raises $75M

Explorium, a startup developing an automated data and feature discovery platform, today closed a $75 million funding round led by Insight Partners with participation from existing investors. The capital, which brings the company’s total raised to $127 million to date, will be used to expand Explorium’s platform after a year in which it doubled its customer base and more than quadrupled revenue, according to CEO Maor Shlomo.

In machine learning, a feature is a property or characteristic of the phenomenon being observed. Features are usually numeric, but structural features such as strings and graphs can be used in pattern recognition. Feature engineering — the process of using domain knowledge to extract features from raw data via data-mining techniques — is often arduous. According to a Forbes survey, data scientists spend 80% of their time on data preparation, and 76% view it as the least enjoyable part of their work. It’s also expensive. Trifecta pegs the collective data prep cost for organizations at $450 billion.

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How Parcel Perform is reimagining the logistics experience for businesses and end-users

The logistics market in Southeast Asia is expected to reach $55.7 billion by 2025, at a CAGR of 5.5 percent. Some of the key catalysts in this market include the rapid growth of e-commerce, enhanced trade across the region, and accelerated infrastructure development. This does not come without challenges, however. Last-mile deliveries can be difficult due to complexities in geographical terrain, poor roadways, and transport systems like railways.

Technological innovations in logistics and freight management are meant to address these opportunities. In this TechNode Global Q&A with Dr. Arne Jeroschewski, the Founder and Chief Executive Officer of Parcel Perform, we learn how innovations in logistics are improving the user experience and ultimately enhancing value for both businesses and consumers.

A winner at the ORIGIN Innovation Awards — Startup Awards in Logistics and LMF, Parcel Perform is a carrier-independent delivery experience platform for e-commerce merchants and their end-customers covering 700+ logistics carriers worldwide. Established in 2016, the company has offices in Singapore (HQ), Vietnam, and Germany with a global team of 70+ experts in e-commerce and logistics management.

Before founding Parcel Perform, Dr. Jeroschewski was Vice President for Business Development at DHL eCommerce Asia Pacific, where he led the development of e-commerce logistics products tailored for online marketplaces and merchants as well as market entries for DHL eCommerce throughout Asia. Before that, he was Vice President at Singapore Post’s SP eCommerce, where he was responsible for the B2C e-commerce businesses including vPost and Omigo. In 2012, Arne was the founding CEO of ZALORA, South East Asia’s leading fashion e-commerce player across 8 markets.

Arne was a long-time management consultant at McKinsey & Company where he worked on technology projects in Europe, Africa, and Asia. Arne is a trained economist with a PhD in regulatory economics.

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DataRobot’s Zepl acquisition bridges the AI divide

DataRobot revealed yesterday during an online AI Experience Worldwide conference that it has acquired Zepl as part of a larger effort to enable data scientists to customize AI models developed on its platform. Zepl created an open source Apache Zepyl notebook that enables data scientists to collaboratively develop and analyze code written in Python, R, or Scala.

DataRobot also unveiled a slew of updates, including an ability to clone, edit, and reconfigure machine learning blueprints created using the AutoML framework at the core of its platform for constructing AI models. That Composable ML feature enables organizations to integrate their own custom training code with the AutoML framework employed by DataRobot, senior VP Nenshad Bardoliwalla said. “Data scientists can now tweak our AI models,” he added.

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DataRobot Acquires Zepl to Enhance Enterprise AI Platform Capabilities for Advanced Data Scientists

DataRobot, the leader in enterprise AI, today announced the acquisition of Zepl, a cloud data science and analytics platform. The acquisition — unveiled today at DataRobot’s virtual conference, AI Experience Worldwide — will unlock new capabilities within DataRobot’s enterprise AI platform for the world’s most advanced data scientists.

“We have always known that to lead the AI market, we must embrace all creators of AI systems, from analysts and citizen data scientists who prefer using a GUI to advanced data scientists who love to code,” said Dan Wright, CEO of DataRobot. “Through the addition of Zepl, we now give advanced data scientists more flexibility to use our enterprise AI platform within their existing workflows, including the ability to use their own code. By incorporating Zepl into the DataRobot platform, we plan to further democratize data science across every enterprise and significantly accelerate our code-centric roadmap.”

Zepl was founded by the creators of Apache Zeppelin, an open source notebook for data and analytics that has been downloaded more than 500,000 times by data scientists from some of the biggest brands in the world. Zepl provides a self-service data science notebook solution for advanced data scientists to do exploratory, code-centric work in Python, R, and Scala with enterprise-ready features such as collaboration, versioning, and security.

DataRobot will incorporate Zepl as a cloud-native, self-service notebook in its enterprise AI platform to drive productivity, efficiency, and collaboration for multiple personas. This will unlock additional flexibility for data scientists who prefer to code by allowing them to write their own tasks and custom models extending the out-of-the-box capabilities provided by DataRobot. With the integration of Zepl, business analysts will be able to build models using the power of DataRobot’s automation and then collaborate with their advanced data science colleagues for additional customization if desired, all on the same platform. It will also provide a more transparent view of the code behind DataRobot blueprints, further enhancing trust and explainability within the platform.

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SAP Foundry, Publicis to Launch Accelerator with 7 New Startups

SAP.iO, the investment arm of German multinational SAP SE, announced last month that it has launched its SAP.iO Foundry startup accelerator in Tel Aviv, focused on consumer engagement.

The accelerator program was launched in partnership with the digital business transformation company Publicis Sapient. Seven startups focused on developing advanced marketing and commerce solutions to help brands improve consumer engagement, have been selected to join the accelerator.

This is the first time that Publicis Sapient is taking part in the acceleration program in Israel.

SAP and Publicis Sapient will work closely with the selected startups during the three month program developing new joint solutions for personalized marketing content and offers, product discovery, social engagement, and more. The startups will also explore integrations with the omnichannel customer engagement platform Emarsys, one of SAP’s recent acquisitions, the company said.

“Recent year events and new market challenges in the Consumer Industries, emphasized the importance of expanding our partner portfolio in the e-commerce and marketing domains, and led us to launch a dedicated program with that focus.” says Lior Weizman, director of SAP.iO Foundry Tel Aviv.

Seven startups originating from Israel, US, Poland and UK were selected, Weizman said. The companies were selected after screening startups from more than 30 countries.

“The selected startups present advanced capabilities in their fields and have a strong track record of success, will enable SAP’s clients to engage in new ways with their customers,” Weizman added.

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These SAP.iO startups deliver personalized and holistic experiences for consumers on SAP Store

Shifting consumer values are driving new innovations to market at a speed like never before. Consumer Products companies must be able to serve consumers by orchestrating an ecosystem that delivers personalized experiences in the service of achieving an outcome, all at the most favorable cost.

To help drive their own innovation efforts, consumer products companies are increasingly looking to startups and new technologies to fuel future growth. By collaborating with startups to address the industry’s most pressing challenges with innovative solutions through SAP.iO, SAP is dedicated to empowering its customers to continue to thrive as prominent industry leaders. The seven startups that participated in SAP.iO Foundry Tel Aviv’s consumer products cohort last year are now all available on SAP Store in the latest set of solutions for SAP customers.

“We chose these seven companies to join SAP’s partner ecosystem as a result of due diligence and close collaboration with the industry and product teams at SAP. These startup offerings that are available on SAP Store provide critical solutions to the biggest challenges in the consumer products industry, helping SAP customers best utilize their existing data in order to improve the consumer experience,” said Inbar Yacoby, Program Manager, SAP.iO Foundry Tel Aviv.

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SAP.iO Startups Deliver Personalized and Holistic Experiences for Consumers on SAP Store

Shifting consumer values are driving new innovations to market at a speed like never before. Consumer products companies must be able to serve consumers by orchestrating an ecosystem that delivers personalized experiences in the service of achieving an outcome, all at the most favorable cost.

To help drive their own innovation efforts, consumer products companies are increasingly looking to startups and new technologies to fuel future growth. By collaborating with startups to address the industry’s most pressing challenges with innovative solutions through SAP.iO, SAP is dedicated to empowering its customers to continue to thrive as prominent industry leaders. The seven startups that participated in SAP.iO Foundry Tel Aviv’s consumer products cohort last year are now all available on SAP Store in the latest set of solutions for SAP customers.“

We chose these seven companies to join SAP’s partner ecosystem as a result of due diligence and close collaboration with the industry and product teams at SAP. These startup offerings that are available on SAP Store provide critical solutions to the biggest challenges in the consumer products industry, helping SAP customers best utilize their existing data in order to improve the consumer experience,” said Inbar Yacoby, Program Manager, SAP.iO Foundry Tel Aviv.

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Sustainable Business Is Better Business for All

Sustainability is the business challenge of our lifetimes.

Customers are increasingly educated and demand products and services that minimize negative environmental impact. Investors are integrating climate risk in their portfolio strategies. Government regulation is on the rise around the world, affecting carbon emissions, waste management, product design, and producer responsibility. Employees are increasingly vocal about their employer’s environmental policies and actions, making it challenging for businesses to recruit top talent without a genuine environmental vision and track record.

Based on Accenture research*, enterprises with high ratings for environmental and social governance (ESG) performance attained operating margins nearly four-times higher than those with low ESG ratings and generated annual total returns to shareholders that were double their peers. According Accenture and United Nations (UN) Global Compact research, 54% of CEOs agree sustainability is critical to the future success of their organizations, and 71% of investors believe the pandemic will accentuate global policies to tackle risks related to climate change.

From Periphery to Core

Enterprises must show accountability through ESG performance and manage end-to-end operations responsibly. By reimagining its business model, any company can operate in an intelligent way, minimize negative environmental impact, and unleash a new dimension of enterprise resource planning (ERP). Decision-makers can use this intelligence to design better products, create engaging experiences, and equip employees to do their best work by eliminating busywork. They can create an efficient, ethical, and adaptable supply chain, reaching beyond organizations and first-tier suppliers to proactively manage performance and risks with trading partners around the world.

Just like any other core business function, sustainability performance must also be managed in real time and integrated into wider business decision making. True, integrated reporting will go hand-in-hand with ESG management, and information transparency will provide a solid foundation to optimize financial results and sustainability performance together.

Most companies have a long way to go before they move beyond the basics of simply reporting ESG performance to actively steering their business operations toward ambitious sustainability goals. While the UN Global Compact’s SDG Ambition program has challenged companies to enhance their commitment to the UN Sustainable Development Goals (SDGs), only 25% have set goals aligned to societal or environmental needs. Although CEOs acknowledge the universal call-to-action to achieve a better and more sustainable future for all, less than 50% have implemented sustainability into their operations.

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With Stylumia, Real-Time Data Intelligence Powers Competitive Retail Advantage

Consumer fashion may be among the most unpredictable markets on the planet, but one startup in India has created a demand sensing platform based on artificial intelligence (AI) that combines the brilliance of data scientists with seasoned industry experts to ferret out trends with uncanny accuracy. The idea is to close the gap between supply and demand.

“We help companies create demand-driven fashion forecasts from consumer data across a holistic value chain,” Ganesh Subramanian, founder and CEO at Stylumia, said. “Our demand sensing engine collects and analyzes publicly available global data to rank product trends, providing fashion designers, retail buyers, and merchandisers with a much deeper understanding of real-time consumer demand signals.”

More Profitable and Sustainable Business

Forecasting fickle consumer appetites for unseen products has long stymied the most experienced minds in the fashion world. Stylumia can reveal breaking trends, allowing people to make design and merchandising decisions perfectly in sync. This can reduce under- and overbuying.

According to Subramanian, the typical Stylumia customer has improved the prediction accuracy of style and color levels by up to 30% and increased sales and revenue between 25% to 50%, compared to the performance of products not designed and merchandized using the platform. Customers have also reduced excess inventory and carbon footprint levels by an aggregated average of up to 40%.

“When products are selling well, companies have less stock and are able to lower their carbon footprint because they’re using fewer resources while generating the same amount of revenue,” he said. “Since our founding, we have reduced the number of garments that our customers have produced by over 60 million while their sales and profits have grown.”

Consumer Intelligence Research on Steroids

From its headquarters in India to hubs in Australia, the U.S., and the UK, Stylumia’s teams work with fashion, sports, and lifestyle brands that represent companies of all sizes worldwide.

Instead of brainstorming solely by intuition, designers and buyers log in to their personalized portal to storyboard ideas using Stylumia’s AI-fueled algorithm or their own images for design inspiration. As they select colors, materials, patterns, and other product features, Stylumia instantly surfaces trending demands against the designer’s ideas. They can view similar products, see where selling levels are highest, and save and share their ideas with colleagues.

For retail merchandisers, the tool improves forecast accuracy for better assortment planning down to the local level. They can see which sizes, colors, and styles are most popular by geography. Subramanian added that the platform is not just for large consumer brands.

“We’re democratizing intelligence for small and midsize companies that can use these insights for their growth too, bringing the right products to the right geographies at the right time,” he said.

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Fashion Tech India: Real-Time AI Data Drives Competitive Retail Advantage

Consumer fashion may be among the most unpredictable markets on the planet, but one startup in India has created an AI-based demand sensing platform that combines the brilliance of data scientists with seasoned industry experts to ferret out trends with uncanny accuracy. The idea is to close the gap between supply and demand.

“We help companies create demand-driven fashion forecasts from consumer data across a holistic value chain,” Ganesh Subramanian, founder and CEO at Stylumia. “Our demand sensing engine collects and analyzes publicly available global data to rank product trends, providing fashion designers, retail buyers, and merchandisers with a much deeper understanding of real-time consumer demand signals.”

More profitable and sustainable business

Forecasting fickle consumer appetites for unseen products has long stymied the most experienced minds in the fashion world. Stylumia can reveal breaking trends, allowing people to make design and merchandising decisions perfectly in synch. This can reduce underbuying and overbuying.

According to Subramanian, the typical Stylumia customer has improved the prediction accuracy of style and color levels by up to 30 percent, and increased sales and revenue between 25 to 50 percent, compared to the performance of products not designed and merchandized using the platform. Customers have also reduced excess inventory and carbon footprint levels by an aggregated average of up to 40 percent.

“When products are selling well, companies have less stock and are able to lower their carbon footprint because they’re using fewer resources, while generating the same amount of revenue,” he said. “Since our founding, we have reduced the number of garments that our customers have produced by over 60 million, while their sales and profits have grown.”

Consumer intelligence research on steroids

From its headquarters in India, to hubs in Australia, the United States, and the UK, Stylumia’s teams work with fashion, sports, and lifestyle brands that represent companies of all sizes worldwide.

Instead of brainstorming solely by intuition, designers and buyers log into their personalized portal to storyboard ideas using Stylumia’s AI-fueled algorithm or their own images for design inspiration. As they select colors, materials, patterns, and other product features, Stylumia instantly surfaces trending demands against the designer’s ideas. They can view similar products, see where selling levels are highest, and save and share their ideas with colleagues.

Read More…