Press Releases

ISB and SAP Collaborate to Empower High Impact Social Start-Ups

Invite ventures developing innovative technologies solving societal challenges
 
Hyderabad, August 31 2017: The Indian School of Business (ISB) and SAP Labs India have entered into a collaboration to nurture technology-based start-ups in the social space, focusing on ventures which are working in areas that have relevance to national priorities.
 
Titled Jumpstart Social Enterprise Accelerator, the programme aims to identify and support 10 early stage and 5 growth stage promising ventures by providing guidance, mentorship and scaling up their technology solutions that can bring about a large scale impact in the lives of common people. Start-ups targeting sectors such as education, healthcare, water & sanitation, energy, agriculture, financial technology, infrastructure, livelihoods and others are eligible to apply for the programme.
 
Sharing ISB’s objective in promoting the initiative, Professor Rajendra Srivastava, Dean, ISB said, “ISB is committed to its goal of taking on a larger role of incubating and supporting entrepreneurial ideas as well as scaling up ventures that will potentially generate employment, foster economic and social progress and create significant social value for the country. The ISB SAP Jumpstart accelerator programme is one such initiative to support promising entrepreneurs in thinking big and help scale their businesses to create impact in areas of national priority and help build a better tomorrow.”
 
“We are pleased that the SAP ISB Social Enterprise Jumpstart program is growing to accommodate more social enterprises.  Through this initiative, we are supporting in creating investible and growth oriented social enterprises which can contribute to the economic development of our country” said Dilipkumar Khandelwal, Managing Director of SAP Labs India and Executive Vice President, Enterprise Cloud Services, SAP SE.
Application process:
 
Start-ups will be short-listed through a nation-wide selection process based on their innovativeness, social impact and scalability.
 
Shortlisted finalists would be invited for a business plan pitch and interview by a panel consisting of business experts, investors, faculty and members of the Centre for Innovation and Entrepreneurship at ISB, & SAP. To know more about the application process and criteria, click here http://www.isbdlabs.org/accelerator-jse
 
The first cohort of this accelerator programme was launched in  July 2016 where ISB and SAP received 400+ applications from diverse sectors. Five early stage start-ups in the areas of financial technology, sustainable development and livelihood, agriculture and skill development were shortlisted and mentored. As a result, all the 5 ventures from the first cohort have scaled up their business operations, received funding or have been taken over.
 
About SAP
As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device - SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 355,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.
 
About ISB
Indian School of Business (ISB) is a global Business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the sixteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, one among the select 100 global B-schools to have AACSB and EQUIS accreditation, one of the largest providers of Executive Education in Asia, and the most research productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global B-schools and the backing of an influential Board, have helped the ISB fast emerge as a premier global Business school in the emerging markets. For details visit www.isb.edu