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.
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.
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…
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.
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.
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.
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, 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 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.
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.
SAP will commit to using up to 40 percent of the capital of its SAP.iO-Fund to promote start-ups founded by women or minority individuals. “SAP is committed to improving the competitive environment for founders and minority founders in the start-up ecosystem,” said SAP Chief Strategy Officer Deepak Krishnamurthy. “And we do not do that to calm a bad conscience, but because often, women have the better ideas and make better returns in our fund.” (Original in German)
Replay of a live #AMA on SAP.iO Foundry Berlin’s upcoming program and the general state of the tech ecosystem in Berlin with European Head of the SAP.iO Foundries, Alexa Gorman, and two of our alumni: Anna Ritz (CEO – Weview) and Sarah Al-Hussaini (COO – ultimate.ai). Continue Reading
SAP Chief Strategy Officer Deepak Krishnamurthy said at the Web Summit in Lisbon, Portugal, “Imagine if we can work together and make inclusion a fact.” Additionally, Alexa Gorman, who is SVP, Head of SAP.iO Foundries Europe announced the creation of a dedicated accelerator program for women and diverse-led enterprises in Berlin, Germany.
Culture Shifting: A Weekend of Technology, Innovation & Social Impact is an invitation only event that takes place annually in Silicon Valley (CA), and Silicon Alley (NYC). It unites 300+ leaders that attend with each other and companies that care about growth and innovation through diversity and inclusion. Their goal is to celebrate accomplished individuals, highlight them and enable deals and collaborations among our guests.
The Latino population is large and growing and their contributions to the US economy are remarkable. Over 350,000 businesses are owned by Latinos, creating nearly 3 million American jobs, and driving a GDP of more than $2 trillion — larger than the GDPs of Canada or Italy.