Sap AG (NYSE: SAP) launched a new global program that aims to provide support for students who want to start businesses that develop real-time solutions and Big Data applications.
As a part of the SAP® University Alliances program, participants will receive support in developing new applications on the SAP HANA® platform using SAP software (free of charge) to develop applications.
Assisted by SAP experts, they will be also trained in design thinking methodology to help them along the process from an idea through to the finished product.
A comprehensive program will provide the technical background on SAP HANA as well as SAP® Mobile Platform.
In the next stage, once students have set up their business, they can participate in the SAP® Startup Focus program and receive free-of-charge technical support, consulting and marketing services from SAP.
The company will also assist with the market launch, provide access to the SAP partner network and offer opportunities to participate or hold presentations at events organized by SAP or other manufacturers. Young entrepreneurs will then receive access to SAP Ventures, the independent venture capital firm affiliated with SAP, and other venture capital companies.
SAP plans to roll out the program first in Europe and later in Asia and the U.S., and aims to win 100 universities as partners by the end of 2014.