SAP.iO Foundry SF Demo Day Spring 2018 — Three Months of Building the Intelligent Enterprise
SAP.iO invests in and accelerates startup innovation that strategically expands the Intelligent Ecosystem around SAP’s applications, digital platform, and technology services / APIs. The SAP.iO Foundries are our global network of top-tier, equity-free programs for startups, including accelerators, to help startups build innovative software that delivers high value for SAP customers. Startups selected for our Foundry programs receive access to curated mentorship, exposure to SAP technologies, and opportunities to collaborate with SAP customers.
On Tuesday, June 19th, the SAP.iO Foundry in SF held its “Demo Day”, where the cohort of 10 startups building the future of the Intelligent Enterprise provided updates on key milestones achieved during the 14-week program, including product development, funding, and customer acquisition. During the program, the cohort collectively closed nearly $15M in funding, built new relationships with 100+ mentors (from SAP and its ecosystem), and met with nearly 90 customers and partners who visited the SAP.iO Foundry SF. As a result of the program, several of the startups have started building integrations with SAP solutions, which will further enhance the startup value proposition and reduce implementation times. In addition, after building a validated integration, these startup solutions can get dramatically expanded customer exposure through listing on the SAP AppCenter.
More than 125 attendees, including VCs, SAP customers and partners, and SAP senior executives heard Demo Day pitches from the startups, including:
In the words of Blendoor CEO Stephanie Lampkin: “Our experience in the SAP.iO Foundry has far exceeded our expectations. We have never felt so prepared for the next steps in our company as we do now that we have completed the cohort. It genuinely feels like a family or village of people that care about our business and personal success; no sugar-coating, no shortcuts, not cookie-cutter mentorship.”
Finally, we thank everyone who supported the SAP.iO Foundry SF 2018 Spring Cohort — SAP executives who selected and supported the startups’ participating in the program, the many mentors and advisors who generously shared their time, SAP customers and partners who visited the SAP.iO Foundry SF during the program, and of course, the startups — whose resilience, passion and commitment to building the future of enterprise software — inspire us every day.