Why we’re partnering with The Riveter

At SAP.iO, we believe that a small input can have a big output. Every day, we help entrepreneurs grow their businesses and deliver solutions that help our 404k+ customers win in a rapidly changing world.

Building a diverse ecosystem of startups around SAP is vital to our customers’ success, which is why we launched SAP.iO No Boundaries, the first inclusive entrepreneurship initiative in the enterprise tech industry. We are on-track to deliver on SAP’s bold commitment to fund or accelerate 200 startups founded by underrepresented entrepreneurs by 2023 and recognize that access to capital is just one component of building a world with no boundaries.

An inclusive ecosystem needs to run differently — and The Riveter is redefining co-working with its network built by women, for everyone. Their founder, Amy Nelson, sums it up perfectly: “Our plan isn’t dealing with existing power dynamics, but rather building a new one.”

Just like The Riveter, we roll up our sleeves and get to work — funding and accelerating companies one-by-one. Our team meets entrepreneurs where they are and provides customized and relevant support to help them thrive. Founders like Shirley Chen (Narrativ) and Jasmine Crowe (Goodrshared their journeys with the audience at SAP’s annual SAPPHIRE NOW conference and represent the success of over 125 of our alumni who are shaping the future of enterprise tech.

Austin is a hotbed for innovation and we’re looking to discover innovative enterprise tech startups that are focused on Health and Experience Management — the focus of this year’s SAP.iO Foundries Fall Cohorts in New York and San Francisco. The extraordinary business leaders that win the competition will be awarded exclusive, fast-track access to the SAP.iO Foundries Cohorts selection committee, along with membership to The Riveter.

There is so much genius out there waiting to solve urgent challenges and our hope is that our partnership with The Riveter will build bridges to new communities and uncover exceptional startup innovation. Our Austin Pitch Competition will take place this Thursday, June 13 at The Riveter’s incredible space. Join us in Austin and share this with anyone you know who may be interested.

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Walking the Talk: SAP Invests in Female and Diverse-Led Startups

In support of SAP’s commitment to the United Nation’s Global Goals, SAP.iO Foundries are supporting underrepresented founders in B2B tech. Meet the SAP.iO Foundry Berlin startup cohort and find out what drives them.

In January 2019, SAP announced SAP.iO No Boundaries, the first comprehensive, inclusive entrepreneurship initiative for underrepresented entrepreneurs in the business software industry, with a goal to support at least 200 startups around the world by 2023 founded or led by underrepresented entrepreneurs, including up to 40 percent of the investable capital in the SAP.iO Fund.

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SAP and Rawabi Tech Hub Announce Winner of the SAP.iO Rawabi Startup Challenge 2019

SAP SE and Rawabi Tech Hub are proud to announce the winner of the SAP.iO Rawabi Startup Challenge 2019 which supports rising stars of B2B Tech. UBConnect advanced through multiple qualification rounds held over seven weeks to select the most ground-breaking innovation from a field of competitive contenders. UBConnect is now eligible for six months of SAP mentorship, and will be assessed for SAP.iO Fund investment as well as the SAP.iO Foundry Programs.

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SAP.iO & Sheroes: Shuchi Rana in conversation with Sairee Chahal

Amazing evening with Shuchi Rana and Sairee Chahal, the Founder and CEO of Sheroes sharing her wisdom and talking about lessons learned as an entrepreneur. Her insights led to an incredible dialogue around what the future of work looks like and how women are an important part of solving problems with technology and the need to create an inclusive culture. Her community-meets-deep technology approach has made Sheroes a globally formidable platform, changing the game for women and their aspiration. Over a million women have directly benefited and Sheroes aims to impact over 100 million women in the next five years.  An Aspen Leadership Fellow, Sairee is recognized for her achievements globally including Cartier Award, Editor’s choice for L’Oreal Women’s Award and Most Powerful Women in Indian Business.

Learn more about SAP.iO Foundry San Francisco
Learn more about Sheroes

Underrepresented: #womanintech Realties in Berlin Vol. 1

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…

Here’s how to improve diversity in startups

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.

SAP.iO No Boundaries to Fund and Incubate Over 200 Startups Led by Women and Minorities

WALLDORF — SAP SE (NYSE: SAP) today announced SAP.iO No Boundaries, an initiative to offer venture capital and incubation to underrepresented entrepreneurs.

As the first company in the business software industry to do so, SAP pledges to commit up to 40 percent of the investable capital in the SAP.iO Fund and scale the SAP.iO Foundries program with focus on inclusive entrepreneurship. The goal is to help at least 200 startups around the world within the next five years.

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Inc. Magazine: Venture Fund from SAP Aims to Combat “Sexism, Racism, and Bro-ism”

On Sunday, January 20, software giant SAP became the latest company–and, it says, the only business software company–to target a share of its venture investments directly to women and underrepresented minorities.

Its fund, called SAP.iO, was launched in 2017 and invests in business-to-business startups that are a fit with SAP’s own technology platforms. With $35 million to invest, it’s already put about $4 million to work in 15 companies, 60 percent of which are in the U.S. Now, under an initiative called SAP.iO No Boundaries, the fund will invest 40 percent of its money in women and underrepresented minorities, says SAP chief strategy officer Deepak Krishnamurthy. He says the company will start ramping up its Asia-Pacific focus within the next year.