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SAP India And CIIE Launch Second Edition Of Startup Accelerator

SAP India And CIIE Launch Second Edition Of Startup Accelerator

SAP India has launched the second edition of its Startup Accelerator Program in collaboration with the Center for Innovation Incubation and Entrepreneurship (CIIE) at IIM-Ahmedabad, to mentor and build capacities of 30 startups by 2017.

Launched in 2015, the SAP-CIIE Startup Accelerator Program is creating a pipeline of investable startups from the Gujarat region and providing them with mentorship opportunities. Besides Gujarat, the program aims to expand to Rajasthan and Pune.

Kunal Upadhyay, CEI, CIIE said, “As CIIE increases its footprint in multiple regions, we are also developing depth in sectors like IoT, healthcare, agriculture, cleantech, water and enterprise tech. Our partnership with SAP allows us to tap into the enormous domain expertise that resides within the company – a support that is invaluable to startups.”

The accelerator program aims at identifying investable regional startups, catalysing participation of regional stakeholders including domain experts, angels and academics, to foster regional entrepreneurship ecosystem.

Apart from this, two other initiatives were also announced –  propelling over 200 up-and-coming youth entrepreneurs, and prospecting for three entrepreneurial individuals to become ‘Innovation Fellows’ at CIIE.

SAP is an application software enterprise that empowers people and organisations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable approximately 310,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably.

Centre for Innovation, Incubation and Entrepreneurship (CIIE) is housed out of IIM- Ahmedabad. It is one of the oldest and most prominent startup incubators and early-stage investors in the country with 100+ investments across the verticals ICT, CleanTech and Social Impact.

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