Liam Webber works in the innovation department at Whitespace, a technology company with extensive expertise in product and service development, innovation, and venture building. In this video, he talks about the overall experience coming from the collaboration with Novable. Listen to two real case studies, with Rolls Royce Defence and BP, and how we helped the identification process of innovative companies for these specific projects.
Whitespace started out as a venture capital firm, therefore, the interest in innovative companies has always been there. Novable allows the company to identify those hidden gems you will never think of.
The company works together with their clients in order to overcome specific innovation challenges they are not able to solve internally. In order to do so, they use Novable to identify startups and SMEs offering innovations that can be used to solve these problems and present them to the customers as a way to openly collaborate with them.
Rolls Royce Defence, a global leader in aerospace and defense technologies, was looking to build up a network of SMEs and startups that could help streamline their manufacturing process. Whitespace was able to identify 103 companies, which is a record number, and the majority of those came from Novable.
Driven by a shared vision of enhancing efficiency, reducing costs, and accelerating production, the collaboration has already yielded remarkable results. By leveraging Whitespace’s expertise in cutting-edge technologies and Rolls-Royce Defence’s deep industry knowledge, the partnership is on a mission to transform the way aerospace and defense components are manufactured.
At the heart of this collaboration lies a commitment to fostering innovation. The teams have pooled their talents, resources, and ingenuity to identify and eliminate bottlenecks, streamline workflows, and optimise supply chains.
BP, a global energy leader, was looking for a technology to extract hydrogen from salt water. Whitespace linked them up with Bournemouth University and a fruitful collaboration came out of this.
Recognizing the importance of nurturing partnerships with academia, BP and Whitespace established a strategic alliance with BU University, renowned for its pioneering research in sustainable technologies. Leveraging the expertise of BP’s energy professionals and Whitespace’s innovation specialists, the trio set out to uncover groundbreaking ideas with real-world applicability.
From an 8-hour scouting day to a few minutes of review in order to select the relevant companies to collaborate with!
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