SAP Adds Three More Foundry Locations
SAP announced in March 2020 that its early-stage venture arm, SAP.iO, has established SAP.iO Foundries in Singapore, Tokyo, and Berlin. The foundries are an engagement model whereby SAP helps startups develop their businesses and SAP customers educate themselves on new innovative solutions; selected startup companies receive mentorship, support in developing technologies for SAP’s S/4HANA platform, opportunities to collaborate with SAP customers, and exposure at premier SAP customer events.
The SAP.iO Fund makes direct investments into early stage enterprise software startups in areas strategic to SAP. If entrepreneurs’ ideas are not yet fully formed, the SAP.iO Venture Studio provides funding to help entrepreneurial teams develop their ideas into profitable businesses. In addition, SAP.iO looks to help underrepresented entrepreneurs in the business software industry. Other foundry locations include New York and San Francisco a...
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