SAP-Techstars to fund at least 10 artificial intelligence startups every year

European software major SAP and startup accelerator Techstars will invest in at least 10 artificial intelligence (AI) startups every year through its SAP.iO Foundry in Berlin. SAP.iO is an initiative of the tech giant to create an ecosystem of products and software by working with entrepreneurs. In 2017, five Indian startups were among 10 companies selected by SAP.iO's AI accelerator's first batch. "We are looking at enterprise applications from startups that are founded around a year ago," Alexa Gorman, global vice-president of SAP.iO Fund, told VCCircle over a telephone call from Berlin. "By restricting our focus, we can add value in terms of marketing assistance and mentorship for these startups."