Singapore — Mar. 11, 2019 — SAP SE (NYSE: SAP) today launched the selection process for its pioneer batch of SAP.iO Foundry Singapore participants for the first time in South East Asia. The first SAP.iO Foundry Singapore will comprise 8 to 10 start-ups in the 13 weeks accelerator program commencing July 2019.
The SAP.iO Foundries program is a global network for top-tier startups, including accelerators that help them build innovative software and deliver high value for customers. The seven other SAP.iO Foundries are in major startup hubs, including Tokyo, Paris, Berlin, Munich, Tel Aviv, New York City and San Francisco. Thus far, SAP.iO Foundries has accelerated the growth of over 100 startups.
“As the most innovative country in Asia, Singapore was selected as our first SAP.iO Foundry location in South East Asia to deliver high value to our customers,” said Ram Jambunathan, Managing Director of SAP.iO. “We are excited to work with and help South East Asian startup ecosystem with our value proposition of curated mentorship, exposure to SAP data and technologies, and opportunities to meet and collaborate with SAP unparalleled, global base of enterprise customers.”
One of the biggest challenges faced by business managers is the need for continuous innovation to stay relevant. The launch of SAP.iO Foundry Singapore will support early-stage companies with a B2B enterprise focus and deliver incremental value to SAP customers. Selected startups will be provided with curated mentorship, access to SAP data and technologies, and opportunities to meet and collaborate with SAP customers.
Building on the success, SAP is delighted to welcome its upcoming cohort of founders. Startups interested in participating in SAP.iO Foundry Singapore should apply between 12 March and 15 May 2019 here.
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The SAP.iO program is fueling an early-stage ecosystem of innovation for SAP by investing in and accelerating entrepreneurs building great software. The SAP.iO Fund directly invests in visionary, early-stage startups that leverage SAP’s unique assets, including data, APIs and platform technologies from SAP, to deliver extraordinary value for SAP customers. The SAP.iO Foundries is a top-tier program that provides select startups with exposure to data and technologies from SAP as well as opportunities to meet and collaborate with SAP customers. Current locations of SAP.iO Foundries are in major startup hubs, including Tokyo, Paris, Berlin, Munich, Tel Aviv, New York City and San Francisco. The SAP.iO Venture Studio helps internal talent build successful businesses that enable customers to solve big problems.
As the cloud company powered by SAP HANA®, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP® system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organisations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 425,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.
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