SAP Trains Mentors To Foster Entrepreneurship In India

by CXOtoday News Desk    Jan 24, 2014


In the next one year, SAP Labs India aims to train 120 emerging entrepreneurs and five and seven growth businesses in the country. Last year, the company had announced that in the first year of its partnership with National Entrepreneurship Network (NEN), the program has successfully trained 38 mentors, who in turn trained 72 entrepreneurs across India on various aspects of running a successful business. In addition, SAP senior executives are mentoring growth companies such as, Involute Automation and Vaatsalya.

“Emerging entrepreneurs are poised to play a vital role in driving economic growth and addressing societal needs while building successful ventures that create new jobs,” said K. Srikrishna, Executive Director, National Entrepreneurship Network (NEN) India. “The National Entrepreneurship Network’s goal, through collaborations with SAP, is to inspire, educate and support this breed of entrepreneurs by providing mentorship, knowledge, skill building and access to capital and technology needed to succeed.”

Involute Institute of Technical Training (IITT), the job skills training arm of Involute Automation, was able to overcome business growth challenges to quickly scale its operations and training network with mentorship from SAP senior executives. The expanded network that will train 4,000 people by March 2014, also aims to skill 140,000 unskilled and semi-skilled youth for employment readiness over the next ten years. SAP mentors also work with hospital network Vaatsalya’s senior leadership team, utilizing Design Thinking methodologies to find innovative answers on how to bring adequate quality healthcare to large communities living in rural India.

“We are proud to be a partner in enabling NEN and organizations such as Involute to achieve their goals and generate employment opportunities,” said Anirban Dey, Managing Director for SAP Labs India. “We believe entrepreneurs are key leaders of innovation and SAP is committed to supporting these endeavors in the long term through our skills-based volunteering and mentorship; and also through providing talent, technology and capital.”

In 2014, the second year of SAP’s partnership with NEN, SAP is committed to training 30 more mentors, who will in turn train 120 emerging entrepreneurs. SAP also hopes to directly mentor between five and seven growth businesses this year and augment their growth with technology solutions.