SAP Among the World’s Top 25 Startup-Friendly Companies and Winner of Corporate Startup Accelerator Award

WALLDORF — SAP SE (NYSE: SAP) today announced it has been recognized with a Corporate Startup Stars Award as one of the Top 25 most active companies to encourage open innovation with startups.

SAP also received a Corporate Startup Accelerator Award for its acceleration efforts and identifying worldwide best practices in corporate-startup collaboration. The announcement was made at the digital award ceremony hosted by open innovation advisory firm Mind the Bridge and the International Chamber of Commerce, on December 15.

Engaging with early stage startups is an important aspect of SAP’s holistic open innovation approach to remain agile and resilient in today’s global marketplace. This includes dedicated programs within SAP’s early stage venture arm SAP.iO to scout and accelerate new ideas and talent inside and outside of the company.

“At SAP, we know that we can mutually benefit from outside-in perspectives to inspire innovation and drive business impact for our customers,” said Juergen Mueller, chief technology officer and member of the Executive Board of SAP SE. “Since 2017, we have helped scale more than 270 promising startups across all lines of business and industries in nine locations across the globe. Providing them with the access and resources they need to build on SAP solutions complements our portfolio and internal innovation efforts, which enables our customers to gain even more value from their SAP investments.”

For the fifth year, startups have been asked to nominate the companies that are most active and friendly in working with small businesses. Started in 2016 under the European Commission’s Startup Europe Partnership initiative, the Corporate Startup Stars Awards have been scaled to include corporations and startups worldwide through the partnership between Mind the Bridge and the International Chamber of Commerce.

“SAP has consistently proven to be one of the most startup-friendly corporations worldwide by engaging with startups in multiple modes, ranging from acceleration and partnerships to investments and acquisitions,” said Alberto Onetti, chairman, Mind the Bridge. “We appreciate the approach SAP.iO has taken and its recent evolution. The combination of startup and employee-driven innovation and the renewed focus on scaling companies makes SAP.iO a benchmark globally for rethinking and optimizing the corporate accelerator model.”

To learn more about how SAP is helping innovators inside and outside of SAP build products, find customers and change industries, please visit SAP.iO.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

Media Contact:
Lesa Beber, +1 (650) 390-1629, lesa.beber@sap.com, ET
SAP Press Roompress@sap.com

GCV Powerlist 2020: Ram Jambunathan

Ram Jambunathan has been leading SAP.iO, the corporate venture capital (CVC) subsidiary of Germany-based enterprise software producer SAP, as senior vice-president (SVP) and managing director (MD) since the unit was formed in July 2016.

Jambunathan additionally added the head of corporate strategy role in October 2019 at the parent firm. He said: “As head of corporate strategy I lead a team responsible for developing and aligning long-term strategy across various SAP organisational – board – areas, including cloud and application strategy, go-to-market strategy, technology and SAP’s lines of business.

“The team combines both a deep understanding of enterprise software with a structured approach to problem-solving that drives unique insights and an ability to help ‘see around corners’. Our understanding of where adjacent opportunities and disruption may come is informed by many sources, including the startup ecosystem, and particularly through SAP.iO, SAP’s strategic business unit focused on accelerating innovations and pathfinding new areas relevant to SAP and its customers.

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Unleashing the power of Europe’s women entrepreneurs: Six ideas to drive big change

Focusing on gender diversity and developing entrepreneurial talent are among the top 10 priority areas identified in Innovate Europe: Competing for Global Innovation Leadership, a report published by Digital Europe, an initiative of the World Economic Forum to promote a pan-European approach to innovation.

At a workshop in Berlin in September 2019, over 30 European founders, investors and corporate leaders (both men and women) came together to explore the underlying underrepresentation of women as entrepreneurs and investors in Europe. The workshop was hosted jointly by the World Economic Forum and SAP. The workshop began with a panel representing the founder, investor, corporate and government perspectives, followed by a design-thinking activity in which participants were split into five idea teams, each challenged to develop one new solution leveraging their existing resources and expertise. After the workshop, the five teams continued collaboration via an online platform to further elaborate their ideas and document the first steps needed for implementation.

This paper builds on the workshop results and summarizes the big ideas that will be further explored for implementation.

Read the full report here

Fostering an Open Innovation Ecosystem to Buoy HXM

The pace of innovation for human resources (HR) is at an all-time high. Businesses and HR leaders recognize that a motivated, productive, and engaged workforce is essential to compete and succeed in today’s market. However, the old ways of managing talent are simply not as effective as they once were.

Recognizing there are challenges that require specialized solutions, the SAP.iO program helps innovators both in and outside of SAP build products, find customers, and address industry challenges. These startups push traditional thinking and processes and leverage emerging technologies to drive employee- and people-first cultures.

SAP.iO Venture Studio encourages entrepreneurs specifically inside of SAP by funding employee-led innovations. For example, Brilliant Hire by SAP leverages a network of experts to recruit at scale and bring the best candidates to in-person interviews. The solution now integrates with SAP SuccessFactors Recruiting Management. FlexPay by SAP, which recently launched a beta program, allows employees to tap into their accrued earnings ahead of payday to cover unforeseen expenses and avoid costly late fees, overdraft fees and payday loans. Integrated into SAP SuccessFactors Employee Central and SAP SuccessFactors Employee Central Payroll, the solution also offers money budgeting and savings tools.

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Got Talent: Recruiting platform Brilliant Hire raises €1M from SAP.iO

SAP.iO Venture Studio makes a €1 million follow-on seed investment in Brilliant Hire, a bias-free, skill-based pre-screening platform that helps digitize recruiting to provide faster and greater insights

Brilliant Hire co-founders, Swetha and Hemant with Juergen Mueller, CTO of SAP

In most hiring processes, hitting the buzzer to catapult candidates to the next round does usually not occur as quickly as on prime television shows. Talent is nevertheless what both are looking for.

There’s a strong connection between achieving business objectives and hiring the right talent, hence increasing the quality of candidates within the hiring funnel is fundamental to success. Tech is promising a shortcut to identifying the best candidates for job offerings, by also eliminating (un-)conscious bias towards applicants, and improving hiring efficiency. Will software be the next recruiting manager you meet in an interview? Not quite, but it could make all the difference.

Brilliant Hire offers skills-based job applicant screening, providing faster and greater insights without bias. The latest funding allows the venture to proceed with the recently released Brilliant Expert Network. Brilliant Experts is a complimentary service to Brilliant Hire, providing experts who evaluate candidates at any skill level and any discipline. With this service, recruiters simply send candidates the Brilliant Hire link and subsequently receive a full breakdown of a candidate’s skills from the expert. On the backend, the Brilliant Hire teamensures the quality and availability of the evaluating expertsremains high. The platform is unique across the screening industry by combining both machine learning with human evaluators.

Brilliant Experts has been used at SAP by the Silicon Valley Next Talent program over the past few months. With the addition of Brilliant Experts, Brilliant Hire removed the burden of assessment evaluation and decreased the wait time of applying candidates by more than 50 percent:

“We went from a one to two weeks response time to just two days. This resulted in over 400 candidates screened and only 100 qualifying ones to be interviewed – all without burdening recruiters or managers.”

Caitie Sullivan, program manager, Silicon Valley Next Talent Program, SAP

The team has shown early successes, including helping software company SAP SuccessFactors hit their ambitious 2019 hiring targets. This includes hiring over 100 engineers across the San Francisco and Bangalore offices. Beyond SAP, Brilliant Hire has been used by Mercedes-Benz R&D and the Second Harvest Food Bank.

Today, Brilliant Hire is offering a 3-month trial allowing companies to screen up to 300 candidates evaluations for just $1. Simply head over to the SAP Store to start your trial today.

To continue delivering their vision of screening-as-a-service, the new funding enables the team to grow in key areas. During the second half of 2019, Brilliant Hire will add Go-To-Market experts, designers and various engineering resources across San Francisco and Bangalore — hence hiring themselves! If you believe in the team’s mission and are interested in joining, reach out to their General Manager, Ryan Phillips, at ryan@brillianthire.io or check out the team’s career page.


About Brilliant Hire

Your hiring process is biased, we can help you fix it. Be brilliant in the way you hire. Try Brilliant Hire via the SAP Store and find more information on brillianthire.io.

About SAP.iO Venture Studio

The SAP.iO Venture Studio invests in small, entrepreneurial teams inside SAP and helps them build and launch successful products that attack some of the biggest problems in enterprise software. More information on sap.io/studio.

How to Build an Entrepreneurial University

Building a robust relationship between stakeholders from the get-go is essential. Relationships require a foundation of trust and an understanding of the interests of each party – and nurturing these relationships throughout the partnership is equally critical. As leadership change takes place at different rates in academia, start-ups and large corporations, it can be challenging to re-establish trust and re-align on the goals in the face of change. It’s important to have a strategic consensus to sustain the essence of mutual goals and reinforce the relationship to maintain a solid relationship throughout their partnership.

“In particular, aligning on expectations from each stakeholder – academia, start-ups, and corporations – is a key to establishing trust and long-term success,” said Ram Jambunathan, Managing Director, SAP.iO. “Academia is often focused on pushing the boundaries forward through proof-of-concept demonstrations, while corporates may be looking for something incremental that can align to existing offerings, mature development processes or sales motions. And in between are start-ups coming from universities that are in the process of establishing product-market fit.”

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WeGift Closes £4 Million Investment as It Sets to Revolutionise Global Digital Rewards Industry

SAP.iO Fund and Unilever Ventures join Series A investment round as WeGift reports 500 per cent annual revenue growth. This investment round will help WeGift deliver on its vision of creating the world’s first real-time infrastructure for digital rewards and incentives. The funds will be used to further scale WeGift’s operations, as well as to support the company’s expansion to the US, and for further investment in its technology platform.

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SAP.iO Continues to Extend Resources and Investment to Startups

In 2017, SAP.iO, an open innovation model enabling visionary startups to use the power of SAP data, APIs, platform technologies and new business models, launched its two components, the SAP.iO Fund, and SAP.iO Foundries. The SAP.iO Fund invests in external, early-stage enterprise software startups that enable SAP customers to realize the new, highly incremental value to investments in SAP solutions. The SAP.iO Foundries are SAP’s global network of top-tier startup programs, including accelerators that enable startups to build innovative software that delivers value for SAP customers.

Since its launch, SAP.iO Fund and Foundries have driven early stage startup innovation helping its customers win in their markets. To date, SAP.iO has over 125 startups in more than 8 locations across 25+ industries. Last year, SAP.iO Foundry launched a demo event for nine female-led startups in New York.

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Capital Database for Women Entrepreneurs

We all know the numbers by now: women CEOs get only about 2.3 percent of all venture capital. At Inc., we want to change that equation. There are now dozens of venture funds seeking out women-led businesses, one of those is SAP.iO. The only problem? There’s never been an easy way to figure out who these VCs are and what they’re looking for. With the Fundery, you can discover who’s looking to invest in female CEOs and diverse founding teams, in specific industries, geographical areas, and funding stages.

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Women-Owned Mobile Startup Leads Microlearning Revolution

Serial entrepreneur, So-Young Kang, is reinventing how people learn, with a personalized, mobile experience. Lightyears ahead of yesterday’s content delivery training, the Gnowbe microlearning mobile platform represents Kang’s life work to make learning easy – for as many people as possible. Instead of participant headcounts or feedback scores, Gnowbe measures skills development based on someone’s demonstrable capabilities before and after training. One customer saw improvements of almost 30 percent in the sales behaviors of employees who participated in microlearning modules on Gnowbe.

Gnowbe is among the HR startups participating in the SAP.iO Foundry San Francisco, an accelerator for early-stage enterprise tech companies. Besides mobile microlearning, these startups are using AI-enabled recruiting, and development tools based on behavioral science.

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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.

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