The SAP Startup Social brought key stakeholders to a common platform to keep the startup ecosystem buzzing with new ideas fuelled by technology. The energy was visible as technology startups, entrepreneurs, investors, tech honchos, and curious employees came together on a common platform at the SAP Startup Social event held in Bengaluru on Thursday. Flipkart Co-founder Binny Bansal and Peter Vesterbacka, the man behind the viral video game Angry Birds, offered their insights on their entrepreneurial journey.

Also present at the event were Rajiv Srivatsa, Co-Founder, Urban Ladder; Jitendra Gupta, MD, PayU India, and Co-founder, Citrus Pay; and P C Mustafa, Founder, iD Foods. At a fireside chat during the event, Binny shared his experiences as a startup founder, and becoming a successful entrepreneur. “I think in the early stage it is very important to iterate quickly and fail fast,” he said.

Binny offered other mantras for success, including bringing about a culture of being cost conscious early in the entrepreneurial journey and hiring the right kind of people. SAP also announced the graduation of 16 startups from the second cohort of its accelerator programme, SAP Startup Studio.

Six of these are developing co-innovation products with SAP, while a few others are building on the SAP Leonardo platform, which combines emerging technologies like Artificial Intelligence, Machine Learning, advanced analytics and Blockchain to solve specific business problems. SAP Startup Studio is a two-year-old startup accelerator programme that provides a one-year end-to-end engagement platform for startups to accelerate their growth journey. Speaking at the SAP Startup Social event, Dilipkumar Khandelwal, President – SAP HANA Enterprise Cloud, SAP SE, and Managing Director, SAP Labs India, said, “The Startup Studio perfectly fits into our philosophy of fostering entrepreneurship and promoting innovation for growth and development.

We are tirelessly working to nurture and build a strong startup ecosystem in India by providing the best-in-class infrastructure, expert mentorship, and networking opportunities startups need to become successful. As part of that effort, Startup Social gives startups direct access to meaningfully engage with leading thinktanks and India’s investor community.” This year, the cohort also saw increased interest from the venture capital community. Read more from…

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