Learn about SAP.iO Foundry Tel Aviv & meet our amazing new Consumer Products cohort! Hear from Aiola, Hexa, Pecan, Sampler, SRP, TrenDemon, & TVPage.
SAP) kicked off the SAP.iO Foundry San Francisco business-to-business (B2B) travel technology accelerator, with eight early-stage enterprise startups.
This program is geared to improving the travel and expense management experience for SAP’s customers, and includes the SAP Concur portfolio. Startups in the program will have access to curated mentorship, exposure to SAP technology and application programmable interfaces (APIs), and opportunities to collaborate with SAP customers.
“Collaboration with SAP.iO will help foster an open innovation ecosystem and will help us deliver new emerging technologies that bring value to our customers,” SAP Concur President Jim Lucier said. ” We look forward to working with the rising stars in the travel technology industry and helping them scale.”
The following startups are participating in the SAP.iO Foundry San Francisco Spring 2020 program:
- Bacarai is launching the world’s first group airfare marketplace — providing travelers the ability to shop, purchase and manage group trips online.
- Hotailors is a software-as-a-service (SaaS) platform that provides enterprises with full visibility over contingent worker travel, ensuring that bookings meet travel policies, expense limits and safety standards.
- Jet-Set Offset provides technology that enables companies to offset their carbon footprint generated from flying with an automatic one-cent-per-mile donation to an environmental nonprofit organization chosen by the individual or company.
- Jojonomic is the first mobile expense management system in Southeast Asia connected to the region’s financial and tech ecosystem, serving tens of thousands of users across hundreds of enterprises.
- Lumo is a platform that uses machine learning to predict flight delays. Lumo’s APIs and SaaS products are used by travelers, travel management companies, airlines, travel insurance and travel technology companies to help proactively manage disruptions hours to weeks in advance.
- RoadGoat is a location-technology platform that enables businesses to integrate critical data consisting of about 4.3 million travel destinations, driving rich user experiences that translate to higher engagement and increased bookings.
- Tripgrid is a flexible project-based workspace that helps businesses automate and streamline travel workflows, such as travel documents and reports, data normalization and cost reconciliation.
- 30SecondsToFly produces software employing artificial intelligence for the travel management industry to help automate call centers, providing greater service at lower operational costs.
The accelerator program will conclude with an SAP.iO Demo Day presentation at the beginning of June.
SAP has chosen two new employee-created businesses to join the SAP.iO Venture Studio. GreenToken and OwnID won funding with the goal of scaling to impact SAP and its customers.
In-house innovation has been one of SAP’s recipes for success since its founding days nearly half a century ago. Driving transformative innovation inside the company demands going beyond innovating upon existing products by actively scouting for new ideas. Once identified, these innovative ideas can build and grow upon SAP’s unique strength and assets such as the company’s technologies, data and customer relationships.
‘It’s our job to keep our eyes on the future,’ Max Wessel, chief innovation officer of SAP, said. ‘But it’s more than just having the ideas. We have to put an operating model in place to facilitate innovation for our customers.’
Venturing inside of SAP – also known as intrapreneurship – is one of the ways SAP accomplishes the task by reimagining how products and services can be delivered from the ground up.