Traditional scouting tactics have proven to be beneficial throughout time, but new technology-based solutions can assist innovation professionals in this process and make it much more efficient. In this e-guide, you will learn how big organisations can scout prospective and innovative startups using alternative data and AI in order to obtain the best results.
The combination of scouting and trend data allows you to recognize and forecast trends, learn about emerging technology, and keep an eye on your industry for new prospects. Discover 8 practical actions that will make your scouting journey as efficient as it gets.
We had a very specific customer request for a practically non-existing technology in eCommerce. In just 2 iterations (2 hours of workload for us), Novable managed to find 3 times the amount of companies we had after multiple weeks of research, while the quality of the startups was top-notch (over 66% match rate). Some relevant companies were completely under the radar, meaning we were the first ones to reach out to them. This is great news for any CVC initiative and innovation consultants: Novable can deliver a blue ocean that no other solution could find.
We were conducting market research around MedTech companies in several domains. Thanks to regular touch points and iterative precision, Novable delivered many new and unknown companies (82), which further increased the value for our customer. The best part is that it only took me a couple of hours to get there.
Our objective is to know where we, and our technology, stand within the market. Novable helps us to map the current technology landscape out.
Novable was quite impressive on its way to collect specific companies, specialised in NFTs, which was in scope with my search criteria and did this very rapidly.
The results provided by the platform are efficient and relevant. Additionally, the startup scouting tool has well-designed ergonomics and features. A big part of our great relationship has to do with the very good support of the team, too.
The pharmaceutical industry requires constant innovation. We need to find the right thing to develop and do it on time. Novable helps us to be more efficient in these tasks.
To stay in the state-of-the-art you need to know what is happening outside of the bubble. Using Novable to benchmark the potential companies you could be interested in is extremely useful.
Novable’s AI keeps iterating until it converges toward accurate results. We used other AI tools internally, but they never converged the way Novable does. Novable takes a different approach and uses feedback loops that refocus the AI to reach convergence. It helped us find incredible companies that our own research and other tools were unable to find.
Novable found 75% of companies identified by our consultant – and of course a lot more!
Our partnership with Novable ensures us a constant flow of innovative companies and feeds our teams with new ideas.