SAP today launched its first location in Paris for SAP.iO Foundries. The Paris location is designed to help and support business-to-business (B2B) startups build innovative software and deliver high value for SAP customers.
The startup accelerator program from SAP is aimed to accelerate SAP’s fast growth in the cloud and advance a technology community focused on machine learning (ML), blockchain, the Internet of Things (IoT) and software as a service (SaaS). The location in Paris for SAP.iO Foundries is part of the intended €2 billion spend SAP has earmarked for France over five years. The location was first announced by Bill McDermott, CEO and Member of the Executive Board of SAP SE, at a summit hosted by President Emmanuel Macron in January.
“It’s a hugely exciting time for tech in France,” said Brian Duffy, president, SAP EMEA North. “The launch of the Paris location of SAP.iO Foundries signals the next phase of SAP’s commitment to this dynamic startup ecosystem. It’s the responsibility of SAP and all global technology players to invest in nurturing future innovation, and I can’t wait to see what each of our first startups will do with the support of this program.”
The accelerator program provides tailored mentorship, access to data and technologies from SAP and opportunities for exposure to SAP executives and the SAP customer base of more than 400,000. It will run for 10 weeks and conclude with a “Demo Day” on December 6, 2018.
“The creation of the Paris location of SAP.iO Foundries demonstrates SAP’s commitment to supporting French B2B startups,” said Gerald Karsenti, managing director, SAP France. “As an industry leader, it makes sense to connect these startups to SAP to create innovations that will change everyone’s daily lives.”
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