LUDHIANA, India — July 28, 2018 — SAP SE (NYSE: SAP) today announced the next leg of ‘Growth Matters’ initiative for emerging businesses in Ludhiana through ‘Dare to Dream’ awards, in association with Federation of Industrial and Commercial Organization (FICO). The exclusive platform aims to recognize & celebrate organizations and leaders from Ludhiana who have demonstrated exemplary success in their industries.

The Growth Matters Network is a vibrant community for small and midmarket business topics and is aimed at businesses to engage on ideas and network with industry leaders, to inspire them to think and dream big in the digital era through sharing of success stories.

Gurmeet Singh Kular, President FICO, said, “The ‘Dare to Dream’ Awards will help businesses in Ludhiana demonstrate the amazing work that they have been doing, while offering others a chance to learn from their experiences and adopt best practices. As an organization focused on SME empowerment, it is our constant endeavor to help these companies build an identity and in turn lead the way for digital transformation. This association with SAP will serve as a catalyst to these efforts and thereby propel Ludhiana’s development in the digital age.”

Rajive Chawla, Founder & Chairman of JaiRaj Group of Industries and IamSMEof India, said, “The only person who can replace an entrepreneur is an entrepreneur using latest technology and event like ‘Dare to Dream’ Awards by SAP is a right step in motivating Ludhiana SMEs to leverage technology for achieving excellence.”

As part of the methodical process, nominations were received from organizations in Ludhiana’s industry cluster. Based on the application and criteria, FICO identified the top 14 who were felicitated at the ‘Dare to Dream’ awards.