SAP.iO NO BOUNDARIES
Ensuring all innovators are empowered to start-up and scale with SAP
SAP.iO No Boundaries is the first comprehensive inclusive entrepreneurship initiative in the business software industry.
As a steward of purpose-driven innovation, SAP recognizes our duty to be intentional about how we invest in and scale our ecosystem of software startup partners. We know that driving inclusive entrepreneurship in the enterprise software and VC industries can accelerate innovation, reduce bias, and drive better outcomes.
In 2019, we launched SAP.iO No Boundaries, the first comprehensive inclusive entrepreneurship initiative for underrepresented and underestimated entrepreneurs in the business software industry. We pledged to scale SAP.iO Foundries with a focus on inclusive entrepreneurship and set an ambitious target of supporting at least 200 startups founded or led by underrepresented entrepreneurs by 2023.
In July 2022, we achieved this goal six months ahead of schedule. The 200 startups comprise 44% of our portfolio and represent 51% of the exits in our portfolio, 50% of the unicorns in our portfolio, 42% in cumulative VC raised by startups in our portfolio, and have a greater likelihood to progress in their partnership with SAP.
By 2028, 45% of our portfolio companies will be founded or led by underrepresented entrepreneurs. We will continue being intentional about how we scale our ecosystem by prioritizing startups founded or led by people whose share of VC funding in the technology industry is proportionally less than their share of the population (women, people of color, LGBTQIA+, etc.) as well as adding geographical representation as a sourcing focus.
Follow our journey as we further embed inclusion in SAP’s culture, in the cultures of customers and in the startups with which we engage.