|By||http://e27.cohttp://e27.sg/2012/08/22/sap-is-looking-for-startups-in-asia-to-be-part-of-us65k-sap-startup-focus-program/||| Aug 22, 2012 | Asia|
Are you a startup involved in Big Data, complex data processing or have applications running on real-time data? SAP is looking to engage startups to build for their new high-performance in-memory database and computing platform, SAP HANA.
Over the past couple of months, SAP has been running their SAP Startup Forums across the world. The Startup Forums are part of the SAP Startup Focus Program that was launched to support startups to develop on SAP HANA. At the Startup Forums, startups can learn more about SAP technologies and also have a chance to pitch their ideas to executives from SAP and SAP Ventures.
SAP Startup Forums are an invite only event and will be coming to Singapore on 6 September,2012. For each forum, up to 10 startups will be selected to pitch their solution. Startups who are working on products that handle Big Data, complex and real-time processes are best fitted for the SAP HANA platform. SAP is looking to help startups with annual revenues of less than US$40 million through this program. The SAP Startup Forum in Singapore will also be attended by local venture capital firms and government incubators.
Following the Startup Forums, six to ten promising startups will be invited to join the development accelerator (DA). DA kicks off with an intensive boot camp on SAP HANA which requires in-person participation. Participants will then be able to work remotely with the SAP team to continue with the DA after the boot camp. According to Simon Dale who heads the technology and innovation department of SAP in the Asia Pacific Japan region, startups in DA will have access to free training, software, support up to a year and certification on SAP technologies. The program is valued at about US$65,000. The startups will also be mentored by SAP executives like Simon, who is also a mentor at Founders Institute.
SAP Startup Focus Program is also working closely with SAP Ventures which recently announced their US$155 million SAP HANA Real-Time Fund in April this year. The fund aims to identify and cultivate groundbreaking startups who can deliver high quality solutions to real-word problems using HANA and SAP Startup Focus Program will be actively recommending promising startups to SAP Ventures. On top of that, participating startups will have have a chance to attend and present at SAPPHIRE NOW EMEA, SAP’s largest in-house trade fair happening in November in Madrid. According to Simon, SAP’s network presents an opportunity of over 200,000 global customers , which includes 73 percent of the world’s beer and 80 percent of the world’s chocolate who are on SAP’s software.
Think your startup is ready for the SAP Startup Focus Program and Startup Forum? Visit the SAP Startup Forum Singapore event page for more details and to submit your online application. SAP will also be running the SAP Startup Forums in Tokyo (August 9) and Sydney (September 11) for the Asia Pacific region. For more information about the SAP Startup Focus Program, visit the official website.
Featured Image Credits: SAP Blog