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German Tech Giant SAP Launches Tel Aviv Start-up Accelerator

Foundry owners pictures cutting ribbon

German software giant SAP further expanded its significant Israeli operations on Tuesday as the company launched the newest branch of its SAP.iO “Foundry” start-up accelerator in Tel Aviv. The SAP.iO Foundry program is part of SAP’s multi-million dollar global innovation strategy to accelerate early-stage business-to-business (B2B) start-ups and provide hi-tech solutions to more than 400,000 customers.

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SAP.IO מכריזה על תוכנית FOUNDRY SAP.IO ראשונה בת”א

(SAP SE (NYSE: SAP הכריזה היום, על נבחרת בת שבע חברות סטארטאפ ישראליות הנכללות בסבב הראשון של SAP.iO Foundry TLV. התוכנית המהווה חלק מאסטרטגית החדשנות של SAP, נועדה לספק סיוע ותמיכה לחברות סטארטאפ צעירות (early stage) מתחום ה-B2B בבניית תוכנות אשר יספקו ערך משמעותי עבור לקוחותיה של SAP. לחברות הסטארטאפ תהיה גישה לייעוץ ייעודי, חשיפה לממשקי התכנות של SAP בתחומי התוכנה והטכנולוגיה והזדמנות לשיתופי פעולה עם הלקוחות של חברת SAP.

BigID announces $50M Series C investment as privacy takes center stage

BigID's company logo

It turns out GDPR was just the tip of the privacy iceberg. With California’s privacy law coming on line January 1st and dozens more in various stages of development, it’s clear that governments are taking privacy seriously, which means companies have to as well. New York startup BigID, which has been developing a privacy platform for the last several years, finds itself in a good position to help. Today, the company announced a $50 million Series C. The round was led by Bessemer Venture Partners with help from SAP.iO Fund. Today’s investment brings the total raised to more than $96 million, according to Crunchbase.

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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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SAP Next-Gen et Startup Guide continuent de soutenir les entrepreneurs de Paris

Pour le lancement de sa deuxième édition, le Startup Guide de Paris a été rejoint par l’équipe de SAP Next-Gen afin de mettre en avant les incubateurs de startups et les aider à rester au cœur de l’innovation.

Le partenariat entre SAP et Startup Guide Paris est essentiel pour le succès de ces entreprises. Le Start-Up Guide regroupe des start-ups qui mettent en place des actions pour contribuer aux Objectifs des Nations Unies pour le Développement Durable, un enjeu majeur des prochaines décennies.

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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, 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.