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Corinna Schmidt In Shanghai, IoT Startup program, Featured, Energy & Natural Resources, Sustainability, Announcements

SAP.iO Foundry Shanghai Launches Modern Energy Startup Program

July 12, 2023 – SAP SE (NYSE: SAP) launched a startup program focused on modern energy at SAP.iO Foundry Shanghai. Eight startups have been selected to join the program, which focuses on artificial intelligence (AI) and the internet of things (IoT) as well as robotics and environmental, social and governance (ESG) to lead the sustainable energy transition together with SAP.

The energy sector is at a pivotal moment as the world strives to address the urgent challenges of climate change and achieve a more sustainable future. Reducing carbon emissions and ensuring secure and affordable energy supplies will require a transition from fossil fuel-based energy systems to net-zero carbon sources.

The SAP.iO program aims to support this mission. During the next five months, the selected startups will build and develop long-term partnerships with SAP by defining joint use cases and exploring product integration and various business development opportunities. SAP customers will also be involved in the program by evaluating opportunities for proof of concepts.

The following startups are participating in the SAP.iO Foundry Shanghai cohort:

Blue Tax connects government departments such as the tax bureau and corporate human resources to solve corporate tax calculation and social security issues, increasing collaboration efficiency by more than 80 times.
Carbongram aims to create a reliable and auditable carbon accounting infrastructure to help customers manage their own carbon emissions and that of their suppliers.
Fei Liu Tech applies AI in the fashion supply chain to provide digital solutions that cover the entire industry chain, including smart manufacturing, supply chain collaboration and smart marketing.
Inkelink focuses on new energy resources, promotes the digital upgrading of the industry, and develops the overall solution of digital smart factory and the Inkelink Industrial Internet platform.
Matterhorn provides companies with Industry 4.0 solutions, such as workshop-level cyber-physical systems, intelligent data collection, robots with machine vision and intelligent assembly.
MHP develops digital and innovative solutions for automotive and related manufacturing industries.
O-tech is a one-stop shop for trade compliance and customs consultancy services, foreign trade management system development and operation.
Skyco2.com provides monitoring, reporting and verification services for carbon emission data and carbon asset operation management to industrial, transportation and construction enterprises.

About SAP.iO
SAP.iO curates a relevant and diverse startup ecosystem that extends the value of SAP solutions and meets the continuously evolving needs of our customers. Our programs provide dedicated support to the most promising startups as they launch and scale relationships with SAP and our global network of customers, partners, and employees. Since 2017, we have connected thousands of SAP customers with innovative enterprise software startups, helping them find solutions to their unique needs. For more information, visit http://sap.io/.

Corinna Schmidt In Announcements, Shanghai, Featured

SAP.iO Greater China Kicks Off 1st Pop-up Program in Taiwan

May 26, 2023 — SAP SE (NYSE: SAP) launched the first pop-up program for startups in Taiwan in parallel to the 2023 SAP NOW Taiwan event. The program specifically targets startups with sustainability use cases and/or startups with enterprise solutions that employ model based control (MBC), supply chain finance, robotics, AI, or data analytics technologies.

During this 5-month program, the five selected startups will build and develop long-term partnerships with SAP by defining joint use cases and exploring product integration and various business development opportunities. SAP customers will also be involved in the program by evaluating opportunities for proof of concepts.

The following startups are participating in the SAP.iO Greater China program in Taiwan:

BSOS is a B2B supply chain FinTech company that solves the asset liquidity problem with Web3 technologies.
e-Formula provides three major services of energy, communication and intelligence to make customers’ sustainable development intelligent, compatible and integrated.
BBTruck is a one-stop supply chain logistic service for every business.
RV Automation is a people-centric robotics solution.
MoBagel is a no-code generative AI/ML platform for enterprise analytics to build sustainability together.

SAP.iO In Supply Chain Management, Shanghai

Geek+ robots picked 10 billion items in the past year

Geek+, the global leader in mobile robots, has announced that its combined worldwide fleet of robots picked ten billion pieces over the course of the past year. The company’s goods-to-person picking solutions deployed around the world have covered great distances, handled huge volumes of stocks, and, as a result, contributed greatly to the goals of making logistics more efficient and sustainable.

Yong Zheng, Founder and CEO of Geek+, said: “We are very proud of what we have achieved recently. The amount of merchandise that our robots have handled, coupled with the savings in time and energy, demonstrate that mobile robots are a technology for today’s problems and a brighter future.”

Geek+’s picking robots traveled more than 175 million kilometers throughout the year, which is more than the distance from the Earth to the sun. Each day, the number of items managed by Geek+ robots and warehouse management systems reached as much as 750 million.

These combined efforts saved Geek+ customers over 17,000 hours of laborious manual tasks during the year. By switching from manual operations to robotic automation, these Geek+ operators could replace inefficient logistics equipment with modern mobile robots that do not require electric lighting, heating, or air-conditioning. The result was a savings of over 16 million kilowatt hours of energy. This translates into 140 000 tons of carbon emissions: To transport the equivalent amount of coal would require 887 trains.

Over the past year, Geek+ has added new projects and expanded its collaboration with existing clients and continued to learn from its successes. The software behind Geek+’s warehouse management systems was optimized to boost robot efficiency by 15%. Geek+ will continue to improve and enhance its technology and expects further gains in sustainability and efficiency in 2023.

SAP.iO Foundry Taiwan Kicks Off to Empower Startups

SAP Taiwan announced the launch of the SAP.iO Foundry Taiwan, and will select 5 potential startups in Taiwan. The selected startups will have the opportunity to get SAP’s global and local resources and establish a long-term cooperation with SAP to explore business opportunities as well as entering the global market.

George Chen, Global Vice President and Managing Director, SAP Taiwan pointed out, “We are optimistic about Taiwan’s energy in innovation so we land the SAP.iO in Taiwan. We look forward to opening a window to the world for startups in Taiwan and expand business opportunities for them by matching Taiwan’s R&D capabilities with SAP’s world-class technology, rich industry experience, and global business resources. SAP will continue to invest resources in Taiwan and work with the ecosystem to solve industry pain points with the power of technology.”

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Corinna Schmidt In Foundries, Featured, Consumer Industries, Announcements, Shanghai

New “Future of Shopping” Startup Program at SAP.iO Foundry Shanghai

October 27, 2022 – SAP SE (NYSE: SAP) launched a new startup program focused on consumer and retail technology that will shape the future of shopping at the SAP.iO Foundry Shanghai. A jury of SAP experts, partners, venture capitals, government innovation departments, and SAP customers, including Shui On Land and others, joined the selection committee and finalized seven startups to join the program and build partnerships with SAP.

The COVID pandemic has accelerated the process of global technology and digital transformation, gradually penetrating into every detail of our life. Consumption habits are undergoing tremendous changes, which also brings various business opportunities to new consumer and retail technologies.

SAP.iO Foundry Shanghai launched its “Future of Shopping” cohort to recruit retail and consumer SaaS startups, partnering with SAP to serve global customers in consumer, catering, retail, hospitalization, fashion, and more.

Sophie Zhang, General Manager of SAP Customer Experience (CX) Greater China, “I am very happy that the new SAP.iO cohort can work with CX. We are always looking for innovative solution partners to expand our portfolio and deliver local SaaS solutions to CX customers.”

Meng Xu, Vice President of SAP China Strategic Industry Consulting, adds: “The consumer, retail and fashion industries are the top priorities of China’s strategic industry group, accounting for 40% of our revenue. We pay great attention to the ecosystem of these industries. The seven startups we recruited this time can well meet the different requests of local customers.”

During the program, the startups will have access to curated mentorship from SAP executives, exposure to SAP® technology and APIs, and opportunities to collaborate with SAP customers worldwide.

The following startups are participating in the program:

XForcePlus provides enterprises with supply chain information collaboration services and VAT invoice management solutions.
Freemud focuses on rapidly upgrading chain brand stores into smart stores, so that stores can adapt to all the challenges of digital transformation.
Reabam provides flexible configuration and highly scalable SaaS services for chain brand enterprises in the field of large consumer brands.
Zjian offers enterprises with self-developed tools and shopping assistants to revitalize the company’s existing members to improve the customer experience.
Shenyan Intelligent delivers full-stack solutions of data and business centers for domestic and foreign enterprises.
Qiyuesuo is an electronic signing SaaS platform, providing electronic signing and certificate deposit services.
Apexdata helps customers achieve intelligent credit assessment and enhance credit value.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 450+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

SAP.iO In Supply Chain Management, Shanghai

AI-LINK Closes a New Strategic Round of Financing with Participation from AsiaInfo and Singtel Innov8

AI-LINK, a new digital infrastruture provider focused on industrial sites, recently announced the closing of a new strategic funding round led by AsiaInfo with participation from Singtel Innov8. The funds raised will be mainly used for product innovation and technology iteration, as well as rapid promotion and commercial deployment of new digital solutions to improve AI-LINK’s global business landscape.

As the idea of sustainable development being widely embraced, performing digital transition has been a popular strategy applied by major countries all over the world to seize the opportunity of technology revolution and industrial transformation. It is even more impressive that in the process of IIoT (Industrial Internet of Things) development, the full connection, integration and processing of production factors led by the deep integration of OICT (Operational Information Communication Technology) has made remarkable results in sustainable development, reducing carbon emissions as well as improving quality and efficiency, which has become a consensus among communication software industry and telecom operators worldwide.

AI-LINK focuses on 5G edge intelligence and OICT convergence in industrial sites, providing end-to-end Local 5G products, lightweight industrial edge intelligence centers and open application management platforms to meet industrial customers’ needs of one-stop, low-cost and scenario-based solutions. AI-LINK is committed to building new ICT infrastructure for industrial sites as well as empowering the digital development of industry.

Geek+ announces $100 million series E1 financing round with strategic investment from Intel, valued over $2 billion

Geek+, the global leader in autonomous mobile robot technologies, announced it has closed a new, $100 million series E1 funding series, with the company valued at over $2 billion. Investors in the round include Intel Capital, Vertex Growth, and Qingyue Capital Investment. The company will use this funding to accelerate its global market expansion and invest in its AMR technology research and development for key product innovation.

In early 2021, Geek+ closed a previously undisclosed series D financing round led by CPE. In 2021, Geek+ registered annual revenue of $150 million and over $300 million in orders. In the first half of 2022, Geek+’s order volume doubled compared to the same period in 2021, and the company expects to maintain its 100% year-on-year growth trajectory for the remainder of 2022.

“Thanks to the successful implementation of our global business strategy, the transformative value of our products, and the surge of the smart logistics market, Geek+ is well-positioned to further capture the outsized growth opportunities,” said Yong Zheng, founder and CEO of Geek+. “Geek+ has passed the stage of simply pursuing scale and is now moving towards the stage of commercial success with profitability and positive cash flow.”

“We are confident in our commercial success and future growth trajectory. The labor-intensive logistics sector has a strong demand for robotic automation, and the market is still largely underserved. With the first-mover advantage, Geek+ has already developed a solid competitive advantage in global markets, bringing in a constant driving force for business development. This, coupled with our three technology pillars of robotics, systems, and algorithms, has not only allowed Geek+ to develop a full product line, but also improve R&D efficiency while reducing R&D costs.”

SAP.iO Foundry Shanghai’s “Intelligent Manufacturing” cohort startup SunwayLand completes Financing

On June 10^th 2022, SAP.iO Foundry Shanghai “Intelligent Manufacturing” cohort startup SunwayLand completed a financing round of 200 million yuan, led by Hangzhou Golden Investment, followed by Cornerstone Fund, SDIC, etc. This financing will be mainly used for product R&D iteration and market expansion, and seize opportunities for digital transformation and localization alternatives.

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Corinna Schmidt In Announcements, Shanghai, Foundries, Blog, HR & People Engagement

SAP.iO Foundry Shanghai Kicks-Off Future of Work Program

May 9, 2022 – SAP SE (NYSE: SAP) launched a Future of Work program in its SAP.iO Shanghai location. Launched in partnership with SAP SuccessFactors, the cohort scouted startups that have synergistic effects with human resource management in Greater China. After several rounds of selection, a jury of SAP experts, partners, customers, and investment funds selected 8 startups to join the spring program.

The Future of Work cohort has two themes this spring: intelligent recruitment and talent management. Over the next 16 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry Shanghai Spring 2022 program:

ZMBeidiao: Zhima background check is a SaaS platform that makes it easier for employers to obtain job seeker information through big data.
Gaia Works: Gaia Works is a labor management cloud service platform, driven by machine learning algorithms, which can provide management labor force forecasting, scheduling, time attendance, working hours and sales performance, etc.
Cool College: Coolcollege is both an enterprise-level SaaS learning development platform and a learning management system. It provides enterprise users with an easy-to-use collaborative e-learning platforms and comprehensive corporate training services to promote the joint growth of business & talent.
Neufast: Neufast offers a SaaS cloud-based HCM with proprietary AI-powered multi-lingual video interview talent assessment system to help employers identify the right talent, increase recruitment efficiency and enhance diversity & inclusion for the Future of Work.
Joyowo: Joyowo is a digital HR service provider that provides a full spectrum of HR services, including Business Process Outsourcing, Recruitment Process Outsourcing, Gig worker management, to 85,000 enterprises in catering, retail, logistics industries, etc. In addition, Joyowo is building a HR SaaS+AI solution matrix to increase the efficiency of close-loop digital process.
AI RecruiTas: AI RecruiTas is an intelligent system for talent acquisition management. To be differentiated from the conventional digitalized recruitment ATS (applicant tracking system), AI RecruiTas has at its core the JYI (JinYu Intelliegence) Super Brain which applies end-to-end content & context semantics recognition as well as multimodal algorithms to Human Resources (HR) domain.
Mesoor AI: Mesoor AI provides leading integrated and intelligent talent decision-making solutions for medium and large enterprises. Through full-scenario data aggregation, ETL and data transformation, self-developed AI platform and BI data lake system, Mesoor AI has successfully helped HR in many companies including Geely, Taikang and BOE to achieve smart external recruitment decisions and matching between employee full profile and internal job opportunities.
Moka HR: Moka HR is a human resources SaaS provider, which can provide enterprises with end to end talent management solutions.

About SAP.iO

SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 400+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

SAP.iO In Foundries, Shanghai

SAP Launches First SAP.iO Program in China

SAP.iO has launched its first program in China focused on intelligent manufacturing. Five Chinese startups have been selected to join the cohort at the new SAP.iO Foundry Shanghai.

The SAP.iO program is designed to accelerate early-stage business-to-business startups that can extend the SAP portfolio and deliver additional innovation to customers.

“Intelligent manufacturing is not only the national policy of the Chinese government but also the only way forward for China’s economic growth and the transformation of manufacturing enterprises,” said Dr. Chenhong Huang, Global Executive Vice President, SAP SE, and President, SAP Greater China. “Engaging with partners such as startups is critical to succeed in the rapidly growing enterprise software market. SAP.iO complements intelligent manufacturing software from SAP with startup innovation.”

The new Shanghai location reflects SAP’s continued commitment to the vibrant Chinese ecosystem. It extends SAP’s global network of equity-free startup accelerators in the Asia Pacific Japan, North America and Europe, Middle East, and Africa regions as its tenth SAP.iO Foundries location. During the 12-week program, the selected startups will have access to curated mentorship from SAP executives, exposure to SAP technology and application programming interfaces (APIs) and opportunities to collaborate with SAP customers.

“We will be working hand in hand with these amazing startups over the next three months to help them integrate with SAP technology and deliver high value to our customers,” said Lalitha Bhaskara, Vice President, SAP.iO Foundries for Asia Pacific Japan & China, SAP.

The cohort of startups at SAP.iO Foundry Shanghai include:

AI-LINK Network Co. Ltd. is a mobile edge computing platform that provides 5G services, including terminals, base stations and cloud platforms. It enables industrial automation for customers in manufacturing, logistics and energy industries.
TPSON is a fire protection prewarning system provider. It uses artificial intelligence (AI), fingerprint technology, cloud computing and operation services to integrate organically and provide comprehensive fire AI alerts, energy demand management and efficiency improvements for smart factories.
SunwayLand provides Internet of Things gateway SCADA and automation software for the multilevel control needs of digital workshops and smart factories.
HiScene develops augmented reality products and services that use AI core technologies, such as computer vision, deep learning and intelligent interaction.
Geekplus Technology Co. Ltd. uses AI and advanced robotics technologies to create efficient, flexible and reliable logistics robot solutions that help businesses improve efficiency and realize the intelligent and flexible transformation of their supply chain.

To learn more about how SAP.iO is helping innovators start up and scale with SAP, please visit https://sap.io.