SAP India, an arm of US-based SAP SE on Wednesday announced collaboration with Center for Innovation Incubation & Entrepreneurship (CIIE) at IIM-Ahmedabad to launch of a Startup Accelerator Program to strengthen the local entrepreneurship ecosystem and provide mentorship to early-stage entrepreneurs.
The programme will catalyze assistance from several support organizations such as angel networks, co-working spaces, fabrication labs, incubators, industry associations and technology & academic institutions to boost entrepreneurship.
Adaire Fox-Martin, President, SAP Asia Pacific Japan, said, “The program seeks to help entrepreneurs from tier II and tier III towns drive sustainable economic growth and innovation, and make Digital India real.”
The program will be a significant catalyst of growth for entrepreneurs from emerging towns. Entrepreneurs will undergo a three-month, non-residential boot camp and monthly training workshops.
They will be paired with domain experts from SAP Labs Bangalore to get insights into the latest technology innovations.
The Startup Accelerator Program aims to create a pipeline of investable startups from this region by scouting for entrepreneurs from Gujarat and providing them with mentorship opportunities.
Kunal Upadhyay, CEO, CIIE said, "we will support this by leveraging our past experience and expertise to fast-track startup growth through operational guidance, mentoring and access to capital."