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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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Lufthansa and SAP select the nine finalists for the world’s first Aviation Blockchain Challenge

Blockchain is a relatively new technology with enormous potential in various areas of aviation. Even though there is currently no market-ready blockchain application that permanently changes the value chain of airlines, the topic is gaining momentum and numerous players are increasingly testing new solutions in this area. This is also reflected in the enthusiastic response to the world’s first Aviation Blockchain Challenge, which the Lufthansa Innovation Hub and SAP.iO Foundry jointly announced in July. Over the six-week submission period, teams from 56 countries submitted a total of 312 blockchain ideas.

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Ideas wanted: Lufthansa and SAP launch the world’s first “Aviation Blockchain Challenge”

Ob Informationstechnologie, Automobilentwicklung oder zivile Luftfahrt – Blockchain treibt Entscheider zahlreicher Industrien um. Schließlich hat die Grundlagentechnologie das Potential, Prozesse und Wertschöpfungsketten fundamental zu verändern. Während beispielsweise der Finanzsektor bereits mit ersten Anwendungen aufwartet, stehen reise- und mobilitätsbezogene Spieler noch am Anfang in der Erschließung dezentraler Netzwerke. Lösungen, die die Wertschöpfungskette von Airlines nachhaltig beeinflussen, haben es bisweilen nicht zur Marktreife geschafft.  Vor diesem Hintergrund setzt die von Lufthansa Innovation Hub und SAP.iO Berlin Foundry ausgerufene „Aviation Blockchain Challenge“ an und zielt darauf, das Potential der Blockchain-Technologie im Aviation-Kontext auszuloten, wegweisenden Ideen in verschieden-en Anwendungsfeldern sichtbar zu machen sowie konkrete Pilotprojekte zu initiieren.

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