SAP.iO Venture Studio iXp Intern - Entrepreneur-in-Residence (EiR)
COMPANY DESCRIPTION
SAP started in 1972 as a team of five colleagues with a desire to do something new. Together, they changed enterprise software and reinvented how business was done. Today, as a market leader in enterprise application software, we remain true to our roots. That’s why we engineer solutions to fuel innovation, foster equality and spread opportunity for our employees and customers across borders and cultures.
SAP values the entrepreneurial spirit, fostering creativity and building lasting relationships with our employees. We know that a diverse and inclusive workforce keeps us competitive and provides opportunities for all. We believe that together we can transform industries, grow economics, lift up societies and sustain our environment. Because it’s the best-run businesses that make the world run better and improve people’s lives.
About the SAP Internship Experience Program
The SAP Internship Experience Program is SAP’s global, strategic, paid internship program that provides university students with opportunities to find purpose in their careers.
Three reasons to intern at SAP
About the team
At SAP.iO, we’re transforming the way that SAP builds new businesses. Our mission is to empower the innovators that will simplify and transform the way businesses operate. To execute against our mission, we invest, empower, and guide innovators inside and outside of SAP as they build new businesses to change the face of enterprise software. We’re looking for a remote Entrepreneur in Residence (EiR) to join our Entrepreneurs in Residence (EiR) program.
What you’ll do:
Position title: SAP.iO Venture Studio iXp Intern – Entrepreneur-in-Residence (EiR) Intern
Location: Remote / San Francisco, CA
Expected start date: June 7th, 2021 – August 13th, 2021
In this role, you’ll:
With more than €20 billion in annual sales, SAP manages an enormous diversity of businesses. However, moving the needle inside of SAP’s dominant enterprise business requires adding more than incremental innovation – it requires the development of massively disruptive organizations.
SAP.iO’s EiR team is tasked to explore, evaluate, and provide recommendations on solutions to big problems in enterprise software, using SAP’s unique position and differentiated data sources to transform industries ranging from talent management to security. Our recommendations and incubations must be big enough to move the needle at SAP, attack new market opportunities for the company, and be able to be tested through rapid iteration and constant customer feedback. These may be strategic fast follow efforts, ventures aligned to one or more of SAP.iO’s strategic opportunity areas, or venture sourcing through acquihire. Each EiR must have the ability to independently structure thinking and workplans around each potential venture topic and be self-motivated to execute their approach; as well as be willing and eager to provide feedback to other EiR team member’s proposals and collaborate on knowledge exchange.
EiRs will spend the summer searching for and validating their opportunity before pitching it to an SAP investment committee consisting of executives from across the company in order to receive investment upwards of $2.5M in seed stage capital to scale the ventures over time. The startups built within SAP.iO incubation operate differently to traditional corporate business units: General Managers are entrusted with end-to-end responsibilities, teams manage to cash, and Boards provide oversight. In later years, general managers are eligible to receive royalties on the products they develop, and successful ventures have the opportunity to be spun out into new business units within SAP – for example, Spotlight by SAP spun out to establish the business process intelligence unit reporting directly to an executive board member and Ruum by SAP is now our low-code, no-code foundation within the SAP Cloud Platform what is the basis for SAP and SAP Partners to build, extend, and connect SAP applications.
SAP.IO PROVIDES THE FOLLOWING BENEFITS UNIQUE TO SAP.IO’S EIR PROGRAM:
- Access and build unique SAP Assets - Build a start-up in enterprise software with less risk than the outside - Advise cutting edge teams - Gain unparalleled insight to SAP strategy and new technologies - Collaborate directly with SAP executives - Prototype quickly with access to SAP customers
EIRS WILL ALSO HAVE THE OPPORTUNITY TO SUPPORT EXISTING VENTURES WHILE EXPLORING NEW OPPORTUNITIES OF THEIR OWN. POTENTIAL RESPONSIBILITIES AND VENTURES EIRS HAVE SUPPORTED IN THE PAST INCLUDE SUCCESSFUL VENTURE SUCH AS:
Supporting Spotlight by SAP:
Supporting Ruum by SAP:
Successful EiR iXp interns thar receive funding for their idea will be offered a full-time role at the conclusion of their internship to join their venture idea full-time after graduation.
Who you are:
We’re looking for someone who takes initiative, perseveres, and stay curious. You like to work on meaningful innovative projects and are energized by lifelong learning.
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WHAT YOU GET FROM US
Success is what you make it. At SAP, we help you make it your own. A career at SAP can open many doors for you. If you’re searching for a company that’s dedicated to your ideas and individual growth, recognizes you for your unique contributions, fills you with a strong sense of purpose, and provides a fun, flexible and inclusive work environment – apply now_._
SAP'S DIVERSITY COMMITMENT To harness the power of innovation, SAP invests in the development of its diverse employees. We aspire to leverage the qualities and appreciate the unique competencies that each person brings to the company.
SAP is committed to the principles of Equal Employment Opportunity and to providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are in need of accommodation or special assistance to navigate our website or to complete your application, please send an e-mail with your request to Recruiting Operations Team (Americas: Careers.NorthAmerica@sap.com or Careers.LatinAmerica@sap.com, APJ: Careers.APJ@sap.com, EMEA: Careers@sap.com).
Successful candidates might be required to undergo a background verification with an external vendor.
ADDITIONAL LOCATIONS: Virtual - USA
SAP is one of the biggest business software companies in the world. We collaborate every day to help make the world run better and improve people's lives. Every day, we help companies and organizations of all sizes and industries to run their businesses profitably, to adapt continuously, and grow sustainably.