Sustainability job number one is putting bread on the table.
Given that, and the huge numbers of people out of work at the moment, any initiative which fosters employment creation, is a definite sustainability win.
Recent research conducted by the US Census Bureau and the Ewing Marion Kauffman Foundation found that:
…virtually all net new job creation over the past three decades has come from new businesses less than one year old – true “start-ups.” New businesses, according to the research, create an average of three million new jobs annually, while existing firms of any age, type, or size shed a net average of about one million jobs each year, as some businesses fail and as others incorporate technology and become more efficient. If the policy target is job creation, new business formation is the bull’s-eye.
With that in mind, anything which specifically encourages startups is definitely to be lauded.
Now you don’t often hear SAP and startups mentioned in the same sentence, but that may be about to change. In March last year (2012), SAP decided to change that, so they set up their Startup Focus program. They help an event to which they invited startups, and they chose 10 to work with. These were showcased at Sapphire. By late last year, the number of companies enrolled had grown to 150. By this year’s Sapphire (May 2013), the number of companies had swelled to 450. And by this year’s TechEd (October 2013), it was announced that the number was now in excess of 1,000 from 55 countries globally.
That’s a very impressive growth rate, which SAP are continuing to extend, by all accounts. I spoke to several of the startup companies at TechEd and they were full of praise for the program, their only regret being that they hadn’t joined it sooner!
[…] profiled the Startup Focus program on GreenMonk earlier this year, talking to three of the participant companies about it. They were very […]