WALLDORF, Germany and DAVOS, Switzerland, Jan. 24, 2013 /PRNewswire/ -- SAP AG (NYSE: SAP) today announced an initial three-year, EUR 2 million commitment to Endeavor Global, Endeavor Brazil and India's National Entrepreneurship Network (NEN), organizations with a comprehensive focus on high-impact entrepreneurs. As part of a new emerging entrepreneurs initiative, SAP and its partners will help accelerate job creation and responsible and sustainable business growth for emerging entrepreneurs, who will be selected via the Endeavor and NEN networks. With an initial focus on Brazil and India, SAP and its partners plan to expand into additional emerging markets.
"Today's entrepreneurs are the bedrock of tomorrow's economy," said Bill McDermott, co-CEO, SAP. "We believe in the ' Power of Small,' and the vital role that the private sector plays in helping small businesses and entrepreneurs. Technology has already helped them to become more resilient to market changes with innovative business models and efficient operations; it is at the heart and soul of their business. The task is now to identify and support small businesses leaders that have all the ingredients to execute their magic growth formula, accelerate innovation, and create jobs for the common good. With this initiative, SAP is making a clear commitment to invest in their long-term future by providing talent, technology and capital."
Selected companies 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 high-potential 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. Ultimately, the joint initiative will facilitate the growth and development of innovative companies that will help transform their communities.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV