SAP Kicks Off SAP.iO Foundries Location in Paris

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Oct 17, 2018, 08:00 ET

PARIS, Oct. 17, 2018 /PRNewswire/ -- SAP SE (NYSE: 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) start-ups build innovative software and deliver high value for SAP customers.

The start-up 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 euros 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 start-up 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 start-ups 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 start-ups," said Gerald Karsenti, managing director, SAP France. "As an industry leader, it makes sense to connect these start-ups to SAP to create innovations that will change everyone's daily lives."

The first group of six start-ups in 2018 is building B2B solutions focused on supply chain and digital core innovations and span many industries, including retail and e-commerce. The start-ups are:

Brennus Analytics has developed an SaaS solution that uses artificial intelligence (AI) and a company's sales data to predict a customer's response to help a company find the best price for its offerings.
CITODI has developed an AI solution capable of deciding in real time the best assignment of deliveries to be made. It considers all the variables of a delivery – including package size and weight, eligibility of delivery personnel, routes, carbon dioxide emissions and traffic – to reduce delivery time and increase the profitability of each delivery.
Energiency is a cloud software start-up that develops disruptive energy Big Data analytics solutions that allow industrial manufacturers to achieve, maintain and accelerate up to 20% energy savings without additional investments.
Scortex has designed a hardware and software solution that uses AI and machine learning to detect defective products as they roll off the assembly line.
Supervizor makes software that detects tax anomalies, providing a digitalized tax audit before a tax inspector does.
Wakeo provides traceability of transport operations by automating tracking and obtaining real-time location of goods. It helps anticipate delays and allows customers to build a reliable and objective database to accurately measure service level provided by forwarders and carriers.

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About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP^® applications and services enable more than 404,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

About SAP.iO

The SAP.iO program is fueling an early-stage ecosystem of innovation for SAP by investing in and accelerating entrepreneurs building great software. The SAP.iO Fund directly invests in visionary, early-stage start-ups that leverage SAP's unique assets, including data, APIs and platform technologies from SAP, to deliver extraordinary value for SAP customers. The SAP.iO Foundries is a top-tier program that provides select start-ups with access to data and technologies from SAP as well as opportunities for exposure to SAP customers. Current locations of SAP.iO Foundries are in major start-up hubs, including Paris, Berlin, Tel Aviv, New York City and San Francisco. SAP.iO Venture Studio helps internal talent build successful businesses that enable customers to solve big problems.

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