SAP.iO Accelerator Program joins Forces With E.ON and IEC to Explore Startups in the Utilities Industry
SAP.iO is collaborating with E.ON Innovation, the strategic innovation entity of one of Europe’s largest energy companies E.ON, and IEC (Israel Electric Corporation), both SAP clients, for its upcoming startup acceleration program in Tel Aviv.
The 12-week SAP.iO Foundry Tel Aviv program is designed to accelerate innovation and drive new business models for SAP’s customers. The next program in Tel Aviv will focus on new solutions for the Utilities sector.The zero-equity-ask program provides startups with curated support from within and outside of SAP, exposure to SAP technologies, and opportunities to collaborate with SAP customers globally.
“Today, SAP’s solutions serve 45 out of 50 of the largest energy producers in the world, supporting them in becoming intelligent enterprises. This program will allow us to explore, embrace and share new market insights and solutions with our clients.” says Lior Weizman, Director of SAP.iO Foundry Tel Aviv in Israel.
Both E.ON Innovation and IEC will be involved in the selection process of the startups and have the opportunity to access first-hand the latest innovation available in the market through potential beta-sites for pilots.
“We are looking forward to joining forces with SAP.iO in the effort to discover innovative solutions that will contribute to creating a sustainable energy world. The combined reach and know-how of both companies will bring huge benefit to startups who are ready to scale with international companies. Israel is just the right place to foster such a collaboration”, says Mickey Steiner, Head of E.ON activities in Israel.
“As IEC is Israel’s major utility, we believe this is a great opportunity for start-up companies to work with IEC’s experts in order to commercialize their products in the start-up nation”, says Zviya Baron Head of Innovation at IEC.
For the upcoming Utilities program, we are looking for enterprise software startups that offer one of the following solutions for energy companies:
- Retail & Prosumer – Retail platforms that allow new services and business models like peer-to-peer trading; E-Mobility including charging, fleet management and financial processes; Home energy management including energy usage insights and consumption control; Technologies that support Virtual Power Plants.
- Enterprise Asset Management – Drive upgrades while holding down costs with advanced asset management including asset health and predictive maintenance.
- Generation & Renewables – Support management of changing generation, storage capabilities and maximizing coverage and capture of energy from renewable sources.
- Transmission & Distribution – Advanced analytics that optimize loss management, drive operational efficiency and performance optimization through advanced distribution management systems, advanced device management and connectivity capabilities.
SAP.iO is SAP’s strategic business unit to incubate startup innovation and drive new business models for SAP. The SAP.iO Fund invests in breakthrough, pathfinding early-stage (Seed to Series A) enterprise software startups who are first to capitalize on emerging trends with potential to unlock significant value for SAP and its customers. The SAP.iO Foundries are SAP’s global network of equity-free startup accelerators that help promising startups integrate with SAP solutions and accelerate their entry into a curated, inclusive ecosystem whose offerings can be easily accessed and deployed by SAP customers. Current locations of SAP.iO Foundries are in major startup hubs, including Paris, Berlin, Tel Aviv, Munich, New York, San Francisco, Singapore, Tokyo and Bangalore.
In conclusion, we would love your support in passing along any relevant startups you have worked with who would be a great fit for our program, with innovative solutions in the Utilities industry. Applications close August 28th. For more information and for the application, click here.