SAP.iO Foundry amplifies its commitment to sustainability and technological advancement, unveiling a novel startup program in Munich aimed at elevating innovations in energy management and digital transformation within the energy sector.
SAP.iO Foundry, established by global software leader SAP, is an insightful innovation arm aiming to sculpt the future of industries by linking promising startups with the tech giant’s robust customer base and technologies. Since its inception in 2017, it has been an inspiring platform that collaborates, nurtures, and accelerates startup growth, ensuring that innovative solutions seamlessly integrate with SAP’s existing technologies, amplifying their reach and impact. Throughout its journey, the foundry has been a crucial incubator, linking thousands of SAP customers with inventive startups and propelling them toward delivering solutions that meet distinctive, often complex, business needs.
Harvesting Synergy: Collaborative Innovation in Energy Management
The ongoing transition from conventional, fossil fuel-dependent operations to more eco-conscious, renewable energy platforms underscores the criticality of developing advanced, scalable, and sustainable solutions for both energy generation and storage. This progressive movement not only arises from environmental considerations but also leverages technological advancements that enhance efficiency, reduce costs, and bolster sustainability in extraction and processing operations.
SAP.iO Foundry Munich launched a six-month, equity-free program in September 2023, specifically tailored for Business-to-Business (B2B) Software-as-a-service (SaaS) startups, facilitating utility and oil & gas sector entities in maneuvering their digital metamorphosis. This immersive program is also set to forge enduring partnerships, integrating startup innovations with SAP’s extensive capabilities, which, in turn, are anticipated to spur insights, forge new customer relationships, and amplify value.
Shaping a Sustainable Future: Featured Startups at SAP.iO Foundry
In a collaborative milieu, 12 selected startups are afforded the unique opportunity to work hand-in-hand with SAP under the expert guidance of a jury of SAP partners, customers, and seasoned professionals. These startups not only receive integral mentorship but also gain access to SAP technology and APIs while being exposed to SAP’s vast customer base, fostering the development of high-impact proofs of concept.
- CibusCell: Creating a digital platform for optimizing and digitizing processes within the hydrogen value chain.
- enercast: Delivering precise power generation forecasts to enhance asset operation and trading margins.
- envelio: Transforming power grids with an intelligent platform that fosters flexibility and interactivity.
- evergen: Utilizing machine learning to refine and digitalize the utilization of renewable energy assets across various sectors.
- EZZING: Offering digital solutions that refine and optimize the value chain of the photovoltaic and solar energy sectors.
- greenventory: Crafting a digital twin of cities or supply areas, analyzing energy potential and unveiling future possibilities.
- HData: Facilitating access and analysis of energy regulatory information, reducing regulatory workload and enhancing energy data analysis’s business value.
- Kerith: Aiding businesses in realizing maximum savings, securing long-term energy supplies, and also identifying strategies to achieve their sustainability objectives.
- Recyda: Automating the analysis of a company’s packaging portfolio’s recyclability and EPR fees calculation according to leading industry standards.
- S1Seven: Providing a digital material passport that associates auditable quality and sustainability data.
- Sympheny: Advancing energy planning by optimizing energy supply solutions for buildings and districts.
- Tronity: Enabling businesses to maintain control over their EV data, ensuring charging cost transparency and smart document management.
These startups, through collaborative efforts and leveraging SAP.iO Foundry’s extensive resources, are poised to shape an innovative, sustainable future for the energy sector, crafting intelligent solutions that not only conserve resources but also enhance operational efficiency and sustainability across the board.
SAP.iO Foundry’s latest initiative does not merely spotlight the immediate need for sustainable energy solutions but also actively seeds and cultivates innovative ideas, ensuring that they have the support, resources, and mentorship necessary to grow, develop, and eventually spearhead the transition towards a more sustainable, technologically-advanced energy future.
