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

By | Foundries, Press, Tel Aviv

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

By | Fund, Press, Global

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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SAPジャパン、スタートアップ向けアクセラレーションプログラム 「SAP.iO Foundry Tokyo」を開設

By | Foundries, Press Release, Tokyo

SAPジャパン株式会社(本社:東京都千代田区、代表取締役社長:福田 譲、以下 SAPジャパン)は、本日、スタートアップ向けのアクセラレーションプログラム「SAP.iO Foundry Tokyo(エスエーピーアイオー・ファウンドリー・トウキョウ)」を発表するとともに、支援対象となるスタートアップの募集を開始しました。今回は6~10社のスタートアップを選考し、2019年6月から12週間にわたるスタートアップ支援プログラムを展開予定です。

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Ending Hunger Through Technology: SAP.iO Foundries Startup Goodr Tackles Food Insecurity

By | Foundries, New York, Press Release
Photo via Kat Goduco Photography

If you’re in Atlanta this weekend for the big game, you may see vans with the distinctive Goodr branding driving around the city. From working with the busiest airport in the world, Hartfield Jackson, to now becoming the ‘Official Food Diversion Partner’ for the game and hosting #GoodrBowl, Goodr is on a mission to fight hunger with technology…

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SAP Kicks Off SAP.iO Foundry San Francisco for HR Tech Startups

By | Foundries, San Francisco, Press Release

 SAP SE (NYSE: SAP) today announced the launch of the SAP.iO Foundry San Francisco Winter 2019 Cohort. During the next three months, SAP will accelerate seven HR technology startups from across the globe as part of the program.

In collaboration with SAP SuccessFactors management, the announcement will be made at the Cohort Launch Day at the SAP.iO office in San Francisco…

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SAP.iO & Sheroes: Shuchi Rana in conversation with Sairee Chahal

By | Inclusiveness, San Francisco

Amazing evening with Shuchi Rana and Sairee Chahal, the Founder and CEO of Sheroes sharing her wisdom and talking about lessons learned as an entrepreneur. Her insights led to an incredible dialogue around what the future of work looks like and how women are an important part of solving problems with technology and the need to create an inclusive culture. Her community-meets-deep technology approach has made Sheroes a globally formidable platform, changing the game for women and their aspiration. Over a million women have directly benefited and Sheroes aims to impact over 100 million women in the next five years.  An Aspen Leadership Fellow, Sairee is recognized for her achievements globally including Cartier Award, Editor’s choice for L’Oreal Women’s Award and Most Powerful Women in Indian Business.

Learn more about SAP.iO Foundry San Francisco
Learn more about Sheroes

Underrepresented: #womanintech Realties in Berlin Vol. 1

By | Blog, Berlin, Inclusiveness

One of guiding principles of SAP.iO Fund and Foundry is its focus on Inclusive Entrepreneurship — which is about empowering women and minority entrepreneurs to build successful businesses around SAP. We’re proud that more than 40% of SAP.iO’s startups are founded or led by women and/or minority entrepreneurs.

But recent reports show that despite the best efforts, the ecosystem in Europe as was whole is still lagging behind.

Whilst most of us were busy with holiday shopping and wrapping up 2018, an alarming report was released on Dec 6th — to remind us of the urgent work ahead in 2019…

Here’s how to improve diversity in startups

By | Blog, Inclusiveness

Innovation has always been about generating good ideas by challenging the status quo with new viewpoints. That is why diversity is fundamental to the sustained success of any innovation ecosystem. Promoting diversity in entrepreneurship and technological innovation can deliver greater economic and societal value.

As society experiments with new technologies such as artificial intelligence (AI), we must be careful to ensure that our own individual biases do not taint the data we use to train AI algorithms. Training data must accurately represent human viewpoints from the global population, so that AI can augment humans ethically, safely, and fairly.

SAP.iO No Boundaries to Fund and Incubate Over 200 Startups Led by Women and Minorities

By | Fund, Foundries, Inclusiveness, Press Release

WALLDORF — SAP SE (NYSE: SAP) today announced SAP.iO No Boundaries, an initiative to offer venture capital and incubation to underrepresented entrepreneurs.

As the first company in the business software industry to do so, SAP pledges to commit up to 40 percent of the investable capital in the SAP.iO Fund and scale the SAP.iO Foundries program with focus on inclusive entrepreneurship. The goal is to help at least 200 startups around the world within the next five years.

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

By | Fund, Foundries, Press, Inclusiveness, Press Coverage

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: Women Often Have the Better Ideas

By | Foundries, Inclusiveness, Press Coverage

SAP will commit to using up to 40 percent of the capital of its SAP.iO-Fund to promote start-ups founded by women or minority individuals. “SAP is committed to improving the competitive environment for founders and minority founders in the start-up ecosystem,” said SAP Chief Strategy Officer Deepak Krishnamurthy. “And we do not do that to calm a bad conscience, but because often, women have the better ideas and make better returns in our fund.” (Original in German)

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