Startups by Women Get Spotlight in SAP.iO No Boundaries

Startups by women took merely 2.2 % of venture capital in 2017 according to data from PitchBook Data Inc., a financial data and software company headquartered in Seattle. It was also found that less than 13% of venture capital went to US startups with at least one female founder.

Startups by women and minority founders have been the focus of SAP.iO No Boundaries, SAP’s initiative to offer venture capital and incubation to underrepresented entrepreneurs, since its launch at the start of 2019.

Shoba Purushothaman, a founder of multiple startups in the last 18 years, is one of the women leaders that have received support from SAP. Purushothaman and her co-founders at Hardskills, an online platform that helps companies train their workforce in behavioural skills, have been one of six startups in SAP’s new B2B diversity accelerator in Berlin.

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Jung, weiß, männlich war gestern: Warum SAP bei der Startup-Förderung einen anderen Weg geht

Das Scheinwerferlicht fällt auf Rania Redas dunkelbraunes Haar, als sie die Bühne betritt, um vor knapp 400 Leuten ihr Augmented-Reality-Startup zu präsentieren. Ihr Herz rast. Auch nach 22 Jahren im Startup-Geschäft und mehr als 70 Pitches spürt sie noch den Adrenalinrausch, sagt sie. Die Zuschauer merken davon jedoch nichts: Jeder Satz sitzt perfekt, die Gesten sind routiniert. Die ägyptische Softwareentwicklerin ist eine von sechs Gründern, die an diesem Abend beim Abschlussevent von SAPs Startup-Förderprogramm „No Boundaries“ in Berlin auf der Bühne stehen.

SAP wagt mit dem Programm derzeit etwas, was in der Branche Pioniercharakter hat: eine inklusive Startup-Förderung. Mit „No Boundaries“ hat sich der deutsche Softwarekonzern das Ziel gesetzt, mindestens 40 Prozent seines Investmentfonds SAP.iO in Startups zu stecken, die von Angehörigen von Minderheiten geführt werden. Weltweit wolle man auf diese Weise bis 2025 mehr als 200 Startups an acht Standorten fördern.

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SAP’s new incubator taps the potential of women and minority founders

For the past three months, Purushothaman and her co-founders at Hardskills — an online platform that helps companies train their workforce in behavioral skills—have been one of six startups in SAP’s new B2B diversity accelerator in Berlin. The German giant, a market leader in enterprise application software, launched the SAP.iO No Boundaries initiative in January, with the goal of incubating underrepresented entrepreneurs to drive inclusive entrepreneurship and level the playing field. It plans to boost 200 such startups by 2023.

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David and Goliath: Large firms working with tiny startups

Big multinationals are increasingly bringing startups in-house or supporting them. Now software giant SAP plans to help out 200 startups founded by women and members of underrepresented minorities worldwide by 2023. SAP.iO Foundries is a worldwide network of startup projects. It has programs in Paris, Berlin, San Francisco, New York, Tel Aviv, Tokyo, Munich and Singapore. After selecting them through an application process, SAP supports young entrepreneurs with know-how and logistics.

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Gentry Women in Tech Conference 2019

On June 20th, SAP.iO & SAP presented the Gentry Women in Tech Conference 2019, themed: INVESTING IN FUTURE LEADERS in Palo Alto. It brought together some of Silicon Valley’s leading VCs, C-Suite Executives, Founders, and Entrepreneurs. The conference spotlighted innovative and creative ways women in technology are forging their careers and fostering up-and-coming women in the tech space. The packed agenda was kicked off by Judith Williams, Head of People Sustainability and Chief Diversity and Inclusion Officer @SAP and emceed by Diane Dwyer, Emmy-Award winning journalist. Anita Sands, Board Member @Symantec, Service Now, and Pure Storage gave an impressive speech on what “being a women in tech” means and how important it is to ensure more equality by shaping a diverse future in tech. She also encouraged the audience to focus on the 5 “A”s (ASK, ADVERTISE, AMPLIFY, ADVOCATE and ASSERT), in other words and bottom line: “If you don’t ask you don’t get and who gets the credit does matter”.  

Next was a great fireside chat with Anna Brockway, President and Co-Founder @ Charish and an insightful panel with another group of inspiring leaders including Jennifer Pardini (Moderator), Sr. Editor @ Gentry, Keri Yen NG, former VP Quality/Regulatory/Clinical @Willow, Meredith Hoffer, Director of Marketing @Google Search, Robyn Sue Fisher, Founder & Chief Brrrista @ Smitten Ice Cream and Sarah Schaaf, Attorney and Founder @Headnote. Main takeaway was to “drop the rubber balls and keep on juggling the glass ones”.

The afternoon continued with a discussion on THE POWER OF NEGOTIATION with Rachel Forin, PhD, CEO @Terapore as well as Derek Blazensky, Partner @ The Pareto Group, followed by the BUILDING A PERSONAL BOARD panel moderated by Sherri Douville CEO @Medigram including Kara Egan, Principal @ Emergence Capital, Vanila Singh, MD, CMO @ The US Dept of HHS, and Elizabeth Vilardo, MD, CEO of Foundations @ Sutter Health Bay Area. THE MALE ALLIES panel including Steve Sordello, CFO @ LinkedIn, Don Heider, Executive Director @ Markkula Center for Applied Ethics @ Santa Clara University and Mylea Charvat, PhD Founder + CEO @ Savonix  moderated by Kristi Markkula Bowers, CEO @ Flyx Systems highlighted the importance of male allies and how to work hand in hand with men as mentors, collaborators and sponsors. 

The event concluded with a rooftop cocktail party after two fireside chats with Linda Yates, CEO Mach49 in conversation with Linda Grasso, Host @ SheSez Podcast, editor In Chief @ Ventura Boulevard and Michelle Zatlyn, COO + Co-Founder @ Cloudfare in conversation with Judith Williams, Head of People Sustainability and Chief Diversity and Inclusion Officer @SAP. The conference celebrated the second annual gentry women in tech issue brimming with carefully curated interviews with some of technology’s most fascinating rising stars.

Food Waste + Hunger are #Solveable

Jasmine Crowe is a social entrepreneur and founder and CEO of Goodr Co., a sustainable food surplus management company that leverages technology to reduce food waste and feed the hungry by redirecting surplus food from convention centers, airports, and businesses to people who are food insecure.


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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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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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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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