European multinational SAP SE is opening an accelerator program in Tel Aviv designed to support early-stage startups building innovative software, the software corporation said in a statement. The 12-week program, dubbed SAP.iO Foundry, will start in July 2019 and will work with 10 startups “focused on deep technology and the intelligent enterprise to deliver incremental value to SAP’s customers,” the company said.
U First Capital is bringing together big companies, venture capitalists, startups, universities, to to explore investments in internet of things (IoT) and artificial intelligence startups. U First Capital’s advisory board has venture capitalists and executives from Fortune 500 companies including SAP’s Ram Jambunathan (managing director, SAP.io venture capital fund) and Manju Bansal (vice president, SAP).
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.
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.
Im Kino Babylon findet am Mittwochabend eine besondere Vorführung statt. Zehn Start-ups stellen ihre Geschäftsidee und den Stand der Entwicklung vor. Weview beispielsweise will zum „Youtube für Produktbewertungen“ werden. Die Berliner bieten eine Plattform auf der Nutzer Videos mit ihren Einschätzungen zu gekauften Produkten veröffentlichen können und stellen sie auch Unternehmen zur Verfügung. Andere Jungunternehmen aus Irland, der Ukraine, Südafrika oder Indien unterstützen Unternehmen, mithilfe von maschinellem Lernen Daten zu analysieren oder bestimmte Prozesse zu automatisieren.