SAP Asia Pacific Japan announced the winning ventures of One Billion Lives (1B Lives) – a crowdsourced, ground up APJ-wide initiative employing the power of SAP technology to deliver sustainable, commercially-viable social impact.
With each winning team receiving seed money of €200,000, executive support and a start-up accelerator with industry experts; 1B Lives aims to improve the lives of one billion people across the APJ region in the areas of health and disaster management by year 2020.
SAP APJ also invested €200,000 in the overall program management which includes the setting up of a robust process to crowdsource ideas from employees as well as enable employee voting to shortlist the best ideas based on their likelihood of success in terms of feasibility, scalability and ease of implementation.
This initiative garnered over 170 submissions from across all offices in the region with over 5,200 employee votes cast to the shortlist. Three ventures from SAP India, Philippines and Japan were selected after a rigorous review and selection where the venture teams pitched their business ideas to secure support and funding.
Adaire Fox-Martin, President, SAP Asia Pacific Japan said, “Many of us are deeply passionate about giving back to the communities we serve. 1B Lives provides the platform, funding, infrastructure and time to turn a great idea for social impact into a reality. This not only creates shared value and a unifying purpose to engage employees, but also showcases the power of SAP in making real our vision of helping the world run better and commitment to improving people’s lives.”
The teams have set out to build a prototype for each venture which is expected to go live before the end of the year:
Paul Kewene-Hite from INSEAD commented, “1B Lives is unique in putting in place a program to fund internal start-ups that could have meaningful if not profound social impact. The final teams have very diverse objectives but what they all have in common is that they are all very passionate and driven to do something to improve millions of lives. 1B Lives is a testament that corporations like SAP can impact the lives of people and the communities in which it operates.”
Operating like start-ups, the venture teams worked with public sector agencies, non-governmental organizations and technology device makers to conduct pilots for the last three months. Each of the three selected project teams joined an internal start-up incubator where they received support to overcome the barriers to delivering social impact.
The support comes in the form of seed funding, executive guidance and immersion in an accelerator program involving industry experts and start-up mentors.
“I am immensely proud of what the teams have achieved in just three months. 1B Lives is a combination of the best SAP has to offer – our values, innovative culture, thought leadership in rallying an ecosystem and mindset that together, we can deliver on a better Asia Pacific Japan for tomorrow. The teams have been truly inspiring in their commitment to bold ideas and their ability to come together to impact the lives of many,” said Adaire Fox-Martin, President, SAP Asia Pacific Japan.
Fox-Martin continued, “The start-up model of leveraging venture capitalists as sponsors and accelerated development allows us not only to come up with the best solutions, but also to test a new model where ideas are developed organically, in a way that is both sustainable and commercially viable. We look forward to seeing more life-changing ideas brought to life through 1B Lives, and eventually connect this to broader product development for SAP.”