SAP Launches SAP.iO Foundry its Acceleration Program in Singapore

SAP SE recently announced SAP.iO Foundry Singapore, its first acceleration program in Singapore.

SAP.iO Foundry Singapore program acceleration program aims to help the Southeast Asian startups for their growth, giving them the exposure to programmable application interfaces (APIs), SAP technology and curated mentorship along with the chances to team up with SAP customers.

The first cohort will consist of seven early-stage Intelligent Enterprise startups focused on business-to-business (B2B) technology.

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SAP gets into accelerator space in SG with 7 B2B startups

Global software company SAP has launched SAP.iO Foundry Singapore, its first acceleration programme in Singapore. The accelerator’s first cohort will consist of seven early-stage startups focused on business-to-business technologies, including several that help improve customer experience.

SAP.iO Foundry aims to accelerate Southeast Asian startups, providing them access to curated mentorship, exposure to SAP technology and application programmable interfaces, as well as opportunities to collaborate with SAP customers.

Companies currently include TADA, which offers a data-driven customer advocacy and engagement platform that helps brands attract, engage and retain customers; and Size n Fit, which provides an eCommerce add-on to help online shoppers find apparel that fits and reduce returns. Meanwhile, Flowcast uses patented machine-learning algorithms to harness untapped, complex data to automate credit decision-making and LuxTag provides anti-counterfeiting and anti-theft solutions through blockchain.

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WeGift Closes £4 Million Investment as It Sets to Revolutionise Global Digital Rewards Industry

SAP.iO Fund and Unilever Ventures join Series A investment round as WeGift reports 500 per cent annual revenue growth. This investment round will help WeGift deliver on its vision of creating the world’s first real-time infrastructure for digital rewards and incentives. The funds will be used to further scale WeGift’s operations, as well as to support the company’s expansion to the US, and for further investment in its technology platform.

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SAP to launch its first Asian startup incubator in Japan

SAP, one of the world’s biggest enterprise software companies, is about to launch its first startup accelerator in Asia and has picked Japan for its first foothold in the region. While many large corporations see uprising startups as threats, SAP is developing a unique model that works for customers, the startups and itself.

The Japan accelerator will start in July. The application process for the Japanese program has closed, and there are more than 50 applications, from which SAP will select six to eight startups for the program.

Ram Jambunathan, managing director at SAP.iO, the Germany-based technology company’s business unit focused on incubating innovation, recently talked to the Nikkei Asian Review about what startups they seek in Japan and SAP’s ambitious game plan in Asia.

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SAP To Launch Tel Aviv Accelerator For Early-Stage, Deep Tech Startups

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.

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U First Capital will invest with DowDuPont division in IoT and AI

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).

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Inc. Magazine: Venture Fund from SAP Aims to Combat “Sexism, Racism, and Bro-ism”

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 SAP.iO, 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 SAP.iO 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.

SAP fördert Start-ups von Frauen

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.