SAP welcomes 16 new startups to accelerator program
Anew batch of 16 startups will join the SAP Startup Studio accelerator program. In view of the new additions to the accelerator program the initial 75-seater incubator will expand to 100 seats by end 2017. The 16 startups are working on technologies such as Artificial Intelligence, Cloud, Machine Learning and IoT across various busi- ness functions. Now, in its second year, SAP Startup Studio, SAP’s dedicated program to drive entrepreneurship in India focuses on early or growth stage startups that leverage disruptive technology to solve business challenges.
SAP Startup Studio, which operates out of the SAP Labs India campus in Whitefield, Bengaluru, was launched in June 2016, as a dedicated one year mentorship program that provides participants with the foun- dation needed for their success beyond the program. Startups from last year’s inaugural batch have seen the benefits of the program with Sellerworx, an ecommerce technology solutions and services firm, being acquired by Capillary Technologies, and Ecolibrium Energy, a provider of energy management solutions getting onboarded into the Co-Innovation Labs(COIL)