Germany-based software firm SAP has started the selection process for the first batch of participants in its SAP.iO Foundry Singapore, an initiative aimed at helping early-stage Southeast Asian startups focused on technologies such as machine learning and blockchain.
Pour la deuxième promotion de son accélérateur parisien, un comité d’experts composé de collaborateurs SAP et de clients retailers a sélectionné 8 start-up de la retail tech. Toutes centrées autour de l’expérience client, ces jeunes pousses seront immergées au sein de SAP.iO Foundry Paris pour 10 semaines. Les nouvelles recrues ont été dévoilées ce 3 avril 2019 lors de l’événement CX Revolution 2019. Voici leurs portraits.
SAP announced SAP.iO No Boundaries, an initiative to offer venture capital and incubation to underrepresented entrepreneurs.
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)