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SAP SE, on Wednesday, announced the second edition of its Startup Accelerator Programme in collaboration with the Centre for Innovation, Incubation and Entrepreneurship (SAP-CIIE) at IIM-Ahmedabad, to mentor and build capacities of 30 start-ups by 2017.
The programme aims at identifying investable regional start-ups, catalysing participation of regional stakeholders, including domain experts, angels and academics, to foster regional entrepreneurship ecosystem, a CIIE spokesperson said here.
Additionally, 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.
Launched in 2015, the SAP-CIIE Startup Accelerator Programme is creating a pipeline of investable startups from the Gujarat region and providing them mentorship opportunities. Besides Gujarat, the programme aims to expand to Rajasthan and Pune.
“SAP believes in fostering a sustainable economic environment by strengthening the entrepreneurship ecosystem and in this context through our partnership with CIIE, we are creating and mentoring a pipeline of investable startups” said Dilipkumar Khandelwal, Managing Director, SAP Labs India.
“As CIIE increases its footprint in multiple regions, we are also developing depth in sectors such as healthcare, agriculture, cleantech, water and enterprise technology. 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”, said CIIE.
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