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SAP Commits €2M To Entrepreneurs From Emerging Economies

[Techtaffy Newsdesk]

SAP has made an initial three-year, EUR 2 million commitment to Endeavor Global, Endeavor Brazil and India’s National Entrepreneurship Network (NEN). With an initial focus on Brazil and India, SAP and its partners plan to expand into additional emerging markets.

Companies that are selected as part of the emerging entrepreneurs initiative will have a proven business model, a focus on innovation and societal impact and a propensity to scale using technology. Selected entrepreneurs will receive access to employee volunteers and mentors and technology support from SAP, as well as innovation grants from SAP Foundation, a corporate advised fund at Silicon Valley Community Foundation.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.