SAP Announces Innovation and Entrepreneurship center to support 30 Indian start-ups and upskill 2,000 teachers at IIT Bombay

SAP SE today announced an initiative to support start-ups in India and train teachers in collaboration with The  Indian Institute of Technology Bombay (IIT Bombay), India’s leading university. SAP will partner with two different programs: the Entrepreneurship Development Initiative and The ‘Train 10,000 Teachers’ Programme (T10KT) – a STEM education initiative.

In conjunction with the incubator center at IIT Bombay, SAP aims to strengthen the entrepreneurship ecosystem and fosterscalable high growth social enterprises. This collaboration will augment a knowledge and innovation driven culture across India, while further strengthening the entrepreneurship ecosystem and facilitating networking with professional resources, mentors and funders.

“I’m always inspired by the ambition and determination of this young generation in India,” said Bill McDermott, CEO of SAP. “I’m especially pleased that SAP is partnering with IIT Bombay to help students build sustainable career paths in this global economy. Initiatives like this one are critical to help students realize their bold dreams by bridging the classroom to the workplace.”

SAP also announced a STEM education initiative that will support the training of around 2,000 teachers across India.  The teachers will be trained in science, technology, engineering subjects, and information and communication technologies. SAP has teamed up with T10KT to work with engineering colleges in the country to enhance teaching skills in core engineering and Science subjects.

Prof. Subhasis Chaudhuri, Acting Director, IIT-Bombay stated that “IIT Bombay is committed to help improve college education in India. Our partnership with SAP will enable us to scale up this initiative and address critical unmet needs. In association with SAP, we also look forward to further enrich our entrepreneurial ecosystem. I am confident that working together, SAP and IIT Bombay can make a long-term difference.”

For SAP, which has operated for 20 years in India, this initiative is in tune with its goal of accelerating growth and tapping into the enormous potential of India’s entrepreneurial culture. This initiative also fits well with the Indian government’s vision of developing local skills. News Service

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