SAP launches accelerator prog for startups in IoT, Big Data & Cloud domains

BANGALORE, INDIA: SAP SE today announced the launch of SAP Startup Studio, an accelerator program that will provide mentoring, infrastructure, technology support to seven seed and early stage startup companies.

The first set of companies in the accelerator program include:

CloudKare,  a cloud-computing based platform for healthcare

Blubirch, which offers end-to-end  reverse logistics solutions

Niki.ai, a digital chat-based artificial intelligence provider

Sellerworx, an  ecommerce technology solutions and services firm

Stratawiz Technologies, an enterprise productivity and engagement company

Moglix, an e-commerce company specializing in B2B procurement of industrial products

Ecolibrium Energy, a provider of energy management solutions

SAP Startup Studio at SAP Labs campus in Whitefield, Bangalore, will include a 75 seat incubator aimed at nurturing early/disruptive stage startups within the domains of Internet of Things, Big Data, Cloud, as well as verticals in retail and healthcare. Startups will be incubated for a period of one year, coupled with a strongly knit mentorship program that extends beyond their first year.

“The aim of SAP Startup Studio is to support Indian startups with a complete ecosystem: guiding and mentoring them on technology and management and providing them with a work environment that also gives them access to SAP experts in their domains.  This is an exciting addition to our SAP Labs campus in Bengaluru,” said Dilipkumar Khandelwal, MD, SAP Labs India and Executive Vice President, Enterprise Cloud Services, SAP SE.

SAP Startup Studio will provide companies having an idea or early prototype with guidance and support in building their business during the first year through access to SAP’s ecosystem of customers and partners.

In addition, startups benefit from access to SAP knowledge, experts, venture capitalists, technology visionaries and academia. SAP and its partner experts will share and mentor the selected startups on emerging trends and technologies.

If required, SAP will also take an equity position and reference to SAP’s Merger & Acquisition team for the next stage of growth.