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SAP welcomes 16 startups to its accelerator programme

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India is a significant hub on the global startup scene. There are new companies being formed every other day, each with innovations that could change the world. But the journey on this startup route can be a very difficult one. The competition is tough, and there are many hurdles to cross.

This is why SAP, Europe’s largest technology firm, launched its accelerator programme – SAP Startup Studio. The programme, which started in 2016, focuses mainly on driving entrepreneurship in the country. Participants are prepared with a foundation that is necessary to thrive amidst the cut-throat competition.

Driving entrepreneurship
SAP’s Startup Studio looks at early or growth-stage startups that leverage disruptive technology to solve business challenges. For the second round this year, the programme team curated over 700+ startups; 51 startups were chosen for the final round of interviews, from which the final 16 were chosen for the programme.

Sellerworx, an e-commerce technology solutions and services firm, which was one of the seven startups in the first batch, recently got acquired by Capillary Technologies, while Ecolibrium Energy, an energy management solutions provider, will be absorbed in the co-Innovation Labs programme at SAP.

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