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.
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.
SAP is removing obstacles that can get in the way of a startup going from idea to real business. The technology vendor is now providing resources for would-be entrepreneurs through a startup incubator called SAP.iO. The program, which launched in 2017, offers investment and resources — technical and business — for emerging startup companies.
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.
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.
The SAP CX Live conference is coming up in just a few days in Orlando and a lot of exciting things are planned for the show. One of the things I’m most excited about is the Startups Area which will feature a few of the innovative startups that are part of the “innovation ecosystem” that complements and extends our SAP CX solutions.
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.
Verusen launched its pioneering cloud platform at the “Salute to Digital Innovation and Intelligence in the Supply Chain” event. Verusen is a SAP.iO company that provides artificial intelligence to harmonize and provide visibility into materials inventory data from ERP and other systems
U First Capital is bringing together big companies, venture capitalists, startups, universities, to to explore investments in internet of things (IoT) and artificial intelligence startups. U First Capital’s advisory board has venture capitalists and executives from Fortune 500 companies including SAP’s Ram Jambunathan (managing director, SAP.io venture capital fund) and Manju Bansal (vice president, SAP).
Reimagining a future that’s representative of all people will help make companies more prosperous. In addition to paying economic and social dividends in the long run, diversity creates an environment where everyone is able to be their best selves.
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.
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.
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.