SAP.iO, an open innovation model, which enables innovators both inside and outside SAP to use the power of SAP data, application programming interfaces (APIs) and platform technologies to unlock new value for customers. As part of the model, SAP.iO Fund, seeded with an initial investment of US$35 million, to make early-stage investments in software startups that will expand the SAP ecosystem.
- Fund focuses on making early-stage investments in software startups to expand the SAP ecosystem
- SAP.iO launches new global foundries in San Francisco and Berlin to support and accelerate early-stage startup incubation
- SAP.iO makes first seed investment in Paradata, a Silicon Valley–based Big Data analytics startup
As part of the model, SAP.iO Foundry program aims to incubate early-stage startups that build software applications, including those using frontier technologies such as machine learning and blockchain. Locations are the SAP.iO Foundry in San Francisco and the SAP.iO Foundry, powered by Techstars Accelerator in Berlin — this location will be managed by Techstars, a worldwide entrepreneur network.