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SAP Innovates in Latin America: Expansion of SAP Labs and Launch of SAP.iO

SAP announces the third expansion of SAP Labs in São Leopoldo, Brazil, as well as the first appearance of SAP.iO Foundry, described as an "accelerator", an initiative that offers additional support for start-ups, in Latin America.

SAP announced two relevant investments to promote further innovation in Latin American companies. This announcement marks the occasion of SAP’s 50 year anniversay and marks 28 years of the company’s commitment to providing support for the further development of companies in Latin America.

The first investment regards the third expansion of SAP Labs Latin America, which has operated for 16 years and is located in Sao Leopoldo, Brazil. This site is the first and only SAP Labs center in all of Latin America, and one of 14 in the world. SAP has made an investment of 35 million euros, which was used to build a new unit that adds about 850 people to its campus and also creates 200 indirect jobs.

SAP also announced the launch of the first SAP.iO Foundry in the region. SAP.iO Foundries is the company’s global network of external start-up accelerators with no capital demand. It provides technical and marketing support to help new companies get their feet off the ground. SAP.iO in Brazil will focus on sustainability in agriculture, one of the largest industries in the region. The accelerator will also be based in São Leopoldo and will additionally offer a virtual presence throughout the region.

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