In 2021 and beyond, both data and technology are available to finally conduct startup scouting activities in a modern and efficient way. Artificial intelligence (data science in general, natural language processing in particular) is now everywhere - why couldn't it also be used for corporate venturing initiatives?
Ideas are protean and heterogenous, and their execution widely differ. This is where a background-check is useful. Not only to check if your idea is unique (hint: it is not), but also to discover how it was deployed elsewhere. At worst, you will change your mind; at best, you will get inspired from your peers...
Young shoots with serious growth are not that easy to find, and until now the competence has rested with consultants and innovation managers in companies to investigate which startup should be bought in time.
Innovation initiatives around energy in the broadest sense are bubbling up everywhere, and are gaining visibility. Several governmental and non-governmental organisations are trying to structure this burgeoning field. Among them, the SolarImpulse Foundation deserves a closer look.
“Aux yeux des grandes entreprises, explique Laurent Kinet, CEO de Novable, elles cristallisent l’avant-garde de l’innovation technologique. Elles sont comme la boule de cristal qui permet d’anticiper les tendances futures d’un secteur ou d’un marché”.
Innovation is a key driver for growth. Increasingly, companies have started to build or expand their innovation capabilities, but some of their activities are still very little innovative on their own.
It has become commonplace to say that artificial intelligence is moving into all areas of human activity. Yet, there is one area where this siege is still in its infancy: Corporate Venturing. The benefits are however undeniable. Let’s go through them quickly.
If European middle-market businesses entered the startup arena with strength, determination and high innovation expectations, our startup ecosystems might well become the ultimate weapon to get a voice in the geo-strategic economic battle.