SAP.iO Accelerator Program, E.ON, and IEC partner to find startups in the Utilities space

SAP.iO has announced a collaboration with E.ON Innovation and Israel Electric Corporation (IEC) for its upcoming startup acceleration program in Tel Aviv. E.ON Innovation is the strategic innovation entity of E.ON, one of Europe’s largest energy companies, and both collaborators are clients of SAP.

The 12-week program provides startups with curated support from within and outside SAP, access to its technologies, and opportunities to work with SAP customers from around the world. The next program is designed to specifically focus on solutions for the utilities sector.

E.ON and IEC will participate in the application screening phase, some of the meetings and sessions, share insights, and be potential beta-sites for pilot programs for relevant startups.

“Today, SAP’s solutions serve 45 out of 50 of the largest energy producers in the world, supporting them in becoming intelligent enterprises. This program will allow us to explore, embrace and share new market insights and solutions with our clients,” says Lior Weizman, Director of SAP.iO Foundry Tel Aviv in Israel.

Mickey Steiner, Head of E.ON activities in Israel added: “We are looking forward to joining forces with SAP.iO in the effort to discover innovative solutions that will contribute to creating a sustainable energy world. The combined reach and know-how of both companies will bring huge benefit to startups who are ready to scale with international companies. Israel is just the right place to foster such a collaboration.”

“As IEC is Israel's major utility, we believe this is a great opportunity for start-up companies to work with IEC's experts in order to commercialize their products in the start-up nation,” says Zviya Baron Head of Innovation at IEC.

Due to the Coronavirus (Covid-19) pandemic, the program will be 100% virtual making it open to startups across the world. Israel-based participants are invited to work in an office space in Sarona, Tel Aviv if they choose.