This startup is rising as it predicts … the nuggets of tomorrow

RFID-Ready — 10 May 2021

Novable - startup scouting

Excerpt:

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. “Most spend 80% of their time scouting for Startup and analyzing startups … that don’t even end up getting selected,” said Laurent Kinet.

In the face of competition, companies are increasingly striving to acquire startups in order to take advantage of their technological advances and at the same time save time in research and development. A solution like Novable’s could prove useful for mutual funds as well. The number of fundraisers has never been higher than in the past five years, especially among young tech companies. Often times, mutual fund policies are to invest in 10 startups in the hope of holding at least one nugget.

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