SAP.iO Foundry Singapore Launches Industry 4.0 Startup Acceleration Program

  • kicked off a new SAP.iO Foundry Singapore program, with five international startups that will help SAP customers become Industry 4.0 businesses and go beyond digital manufacturing to seamlessly connect all aspects of an entire company.

This cohort will work to develop technologies to enable businesses to extend the value of their investments in SAP S/4HANA and SAP Digital Supply Chain solutions.

“Singapore has developed a vibrant startup ecosystem and is the gateway to the ASEAN region,” said Rachel Barger, SAP South East Asia president and managing director. “SAP continually partners with other solution providers, including startups in Singapore, to help organizations unlock value with the latest Industry 4.0 technologies.”

SAP.iO Foundry Singapore accelerates innovation and drives new business models for SAP. The zero-equity-ask program provides startups with curated support from within and outside of SAP, exposure to SAP technologies, and opportunities to collaborate with SAP customers. The program will conclude at an SAP.iO Demo Day in the beginning of June.

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SAP.iO Foundry Singapore Launches Industry 4.0 Startup Acceleration Program

SINGAPORE SAP SE (NYSE: SAP) today kicked off a new SAP.iO Foundry Singapore program, with five international startups that will help SAP customers become Industry 4.0 businesses and go beyond digital manufacturing to seamlessly connect all aspects of an entire company.

This cohort will work to develop technologies to enable businesses to extend the value of their investments in SAP S/4HANA and SAP Digital Supply Chain solutions.

“Singapore has developed a vibrant startup ecosystem and is the gateway to the ASEAN region,” said Rachel Barger, SAP South East Asia president and managing director. “SAP continually partners with other solution providers, including startups in Singapore, to help organizations unlock value with the latest Industry 4.0 technologies.”

SAP.iO Foundry Singapore accelerates innovation and drives new business models for SAP. The zero-equity-ask program provides startups with curated support from within and outside of SAP, exposure to SAP technologies, and opportunities to collaborate with SAP customers. The program will conclude at an SAP.iO Demo Day in the beginning of June.

“The SAP.iO Foundry Singapore spring acceleration program will see the development of new Industry 4.0 solutions for companies in the region, and contribute to bolstering the ecosystem for startups in Singapore,” said Kiren Kumar, chief digital industry officer of Digital Industry Singapore, a government office that supports the growth of Singapore’s technology sector. “We look forward to strengthening our longstanding partnership with SAP, as we innovate and create new solutions out of Singapore.”

The following startups are part of the SAP.iO Foundry Singapore Spring 2020 program:

  • Botsync provides easily deployable and cost-effective mobile material-handling robotic solutions to enable companies, especially small and midsize enterprises, in Asia Pacific to improve productivity.
  • H3 Dynamics combines machine learning, remote telerobotics and off-grid capabilities for drone services that can deploy and manage commercial condition monitoring, security and safety solutions.
  • Memorence uses artificial intelligence (AI) to develop smart visual learning and recognition systems for enterprise and consumer solutions, which can improve production quality and operational efficiency.
  • VersaFleet automates modern supply chains with route optimization, electronic proof-of-delivery, instant notifications and real-time job-status tracking.
  • HyBird automates visual inspection of industrial facilities through its data-source-agnostic software “Clarity,” which employs computer vision and AI to produce interactive digital twin models for better asset maintenance.

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Making innovation real at Intelligent Enterprise Demo Day

Innovation is currently a hot topic on the agenda of all corporates. Nearly all of them want to ‘make innovation real’. That is, they desire to harness innovation as the catalyst for achieving real business value, business outcomes, and better experiences for their customers.

Even before the term exploded in the ecosystem and beyond, SAP has always nurtured a culture of innovation by building an infrastructure that provides a foundation for growth and innovation.

To this end, SAP.iO Foundry Singapore was launched to help startups build innovative enterprise software solutions that deliver value to SAP customers. Startups accelerated in the program have integrated their solutions with various SAP products.

The first SAP.iO Foundry Singapore includes the following startups:

1.) Adaface — Enables and automates first-round tech interviews to identify the best engineering talent faster.

2.) Flowcast — Uses patented machine-learning algorithms to harness untapped, complex data to automate credit decision-making. This provides greater visibility to customers to address underserved markets.

3.) LuxTag — Provides an anti-counterfeiting and anti-theft solution that uses blockchain-enabled traceability to deter product counterfeiting and fraud.

4.) Notarum — Provides a modern workflow tool designed to reduce busywork by automating corporate due diligence. Notarum makes performing due diligence analysis and sharing work with teammates easier than ever.

5.) Pulsifi — Predicts workplace outcomes to identify, retain and develop great people. By using artificial intelligence to incorporate multiple data sources across hard skills and soft traits, this HR analytics platform derives employee success profiles to improve HR decisions across the employee lifecycle, from hiring to development.

6.) SizeNFit — Helps online shoppers find apparel that fits. This e-commerce add-on aims to increase sales and reduce returns.

7.) TADA — Offers data-driven customer advocacy and engagement platform that helps brands moving from transactions to relationships and customers to advocates. This enables businesses to attract, engage and retain customers.

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Asia set to eclipse US as world’s venture capital powerhouse

Southeast Asia also enjoys strong government backing for entrepreneurship, backed by a rising, affluent, middle class, said Scott Russell, president for Asia Pacific Japan at German software provider SAP, whose SAP.iO Foundry fund based in Singapore is in the process of accelerating seven early-stage startups. “We see innovative and ambitious startups developing across the region,” said Russell. “This is driving deal flow and overall interest from venture capitalists to invest.”

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Smart credit fintech startup Flowcast nabs US$3M Series A funding from ING Ventures, BitRock Capital

The company noted that the proceeds of this round will be used to fund the acceleration of Flowcast’s go-to-market strategy, global market expansion especially in Singapore and the APAC region, and the continuing product development and improvement. Flowcast shares that it is also participating in the SAP.iO Foundry Singapore program, which aims to accelerate startups via providing them access to curated mentorship, exposure to SAP technology, and application programmable interfaces (APIs) with opportunities to collaborate with SAP customers in the Southeast Asian region.

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Exclusive: Maggie Buggie, SVP and Global Head of Innovation Services and Solutions, SAP SE

This year, we’re celebrating the 30thanniversary of SAP in APJ and I’m so excited by what the future holds for our customers, as the pace of innovation continues. I’m so inspired by the pace of innovation within our own organisation in the region. For instance: the first SAP.iO Foundry in Asia was launched in August in Tokyo, followed by SAP’s first start-up accelerator in Singapore, SAP.iO Foundry Singapore. SAP ANZ hosted its first innovation experience event, e’ffect in August and the first partner-run SAP AppHaus in the region was launched in Australia earlier this year.

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Meet the 7 Startups Selected for SAP’s First South East Asia Accelerator

Dubbed as SAP.iO Foundry the program aims to accelerate Southeast Asian startups, providing them access to curated mentorship, exposure to SAP technology and application programmable interfaces (APIs), and opportunities to collaborate 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 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.iO Launches First Accelerator in Singapore

SAP SE today kicked off SAP.iO Foundry Singapore, its first acceleration program in Singapore. The program aims to accelerate Southeast Asian startups, providing them access to curated mentorship, exposure to SAP technology and application programmable interfaces (APIs), and opportunities to collaborate with SAP customers. The first cohort will consist of seven early-stage Intelligent Enterprise startups focused on business-to-business (B2B) technology.

“SAP is committed to Singapore’s dynamic startup ecosystem,” said Lalitha Bhaskara, head of SAP.iO Foundries Asia Pacific Japan. “We are excited to be working hand in hand over the next three months with these innovative startups to help them deliver winning outcomes and incremental value to our customers.”

The first cohort also includes several startups founded or led by strong female entrepreneurs, a testament to SAP’s belief that a healthy ecosystem includes entrepreneurs from diverse backgrounds and in line with the SAP.iO No Boundaries initiative.

The first SAP.iO Foundry Singapore cohort includes the following startups:

  • Flowcast Inc.: Uses patented machine-learning algorithms to harness untapped, complex data to automate credit decision-making. This provides greater visibility to customers to address underserved markets.
  • Pulsifi: Predicts workplace outcomes to identify, retain and develop great people. By using artificial intelligence to incorporate multiple data sources across hard skills and soft traits, this HR analytics platform derives employee success profiles to improve HR decisions across the employee lifecycle, from hiring to development.
  • Notarum: Provides a modern workflow tool designed to reduce busywork by automating corporate due diligence. Notarum makes performing due diligence analysis and sharing work with teammates easier than ever.
  • Adaface: Enables and automates first-round tech interviews to identify the best engineering talent faster.
  • TADA: Offers a data-driven customer advocacy and engagement platform that helps brands moving from transactions to relationships and customers to advocates. This enables businesses to attract, engage and retain customers.
  • Size n Fit: Helps online shoppers find apparel that fits. This e-commerce add-on aims to increase sales and reduce returns.
  • LuxTag: Provides an anticounterfeiting and antitheft solution that uses blockchain-enabled traceability to deter product counterfeiting and fraud.

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SAP launches Singapore accelerator for South-east Asia enterprise startups

GERMAN software giant SAP aims to groom South-east Asian startups specialised in enterprise tech, with the launch of its first accelerator in Singapore on Tuesday. 

Called the SAP.iO Foundry Singapore, the accelerator is kicking off with seven early-stage startups focused on business-to-business (B2B) technology. 

The startups will gain access to mentorship, SAP’s technology and application programmable interfaces (APIs), and potential collaborations with SAP customers.

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