SAP welcomes new startups to...
services firm, being acquired by Capillary Technologies, and Ecolibrium Energy, a provider of energy management solutions getting onboarded into the Co-Innovation Labs(COIL) program at SAP.
“India is a significant hub in the global technology startup scene. Supporting entrepreneurism and new talent is crucial for the future of technological innovation, and the SAP Startup Studio makes startups ready for success,” said Bernd Leukert, member of the Executive Board of SAP SE, Products & Innovation.
“It has been an exciting and eventful year for the first batch of startups at the SAP Startup Studio. Our startup accelerator program has seen tremendous success, and we are eager to welcome the second cohort of startups joining us this month,” said Dilipkumar Khandelwal, Managing Director, SAP Labs India and Executive Vice President, Enterprise Cloud Services, SAP SE. “By combining our technological expertise with our passion for startups, we are setting the foundation for the next big innovation to come from this part of the world.”
For the second round, the SAP Startup Studio received over 700 applications; 51 startups were chosen for the final round of interviews, from which the final 16 were chosen for the program.