THE INNOVATION SCOUT
More than ever before companies are working with startups and other participants in the Innovation Marketplace to help them reach their innovation goals faster and with less risk. Startups help companies like yours see what is possible with emerging technologies and a fresh new approach to the market. The Innovation Scout is a Software as a Service (SaaS) platform that helps corporations to discover, engage and run pilots with startups and open research. What is special about our platform is the use of artificial intelligence (AI) to match relevant startups with corporate business challenges.
Why Work With Startups?
Industries are being disrupted by startups. 82% of businesses believe working with Startups is "somewhat critical" to their business. Business models have become transitory. There is no systematic or cost-effective way for corporations to find, test, and integrate emerging technologies and new business models. As an example, the Financial Services industry stands to lose $150B to Startups in the coming years. Corporations and Startups are working together in new important ways. Working with Startups and other available intellectual property allows corporations to innovate cost effectively and recognize gains within shorter intervals. Startups get to market more quickly and give mature businesses a front row seat to new ideas.
Meet the Team
The Innovation Scout team is made up of experienced entrepreneurs, corporate executives, and university academics.
CTO and Co-Founder, Vernon is a serial entrepreneur with the operational leadership and clarity in business vision that allows him to conceive and execute on business strategies and new business opportunities.
Vernon has a deep understanding of the objectives, priorities, and challenges facing contemporary business executives, with an equally deep understanding of emerging technologies, new business models and the startup community.
Dr. Lutz Hamel
A veteran software professional, computer scientist, and author with more than 30 years of professional and academic experience. He is the author of the industry leading book “Knowledge Discovery with Support Vector Machines” published by Wiley. In addition to his book, Dr. Hamel has over 50 publications in the areas of programming languages, machine learning, and data mining.
Michael Glavich is Chief Business Accelerator & Change Catalyst for The Innovation Scout. He excels at helping companies combine digital strategy and emerging technologies to achieve market leadership. He is the innovation leader whose concepts have led to the original Big Data company; AC Nielson, creating Nielson’s Confectionary Index. The Killer App folks; Diamond Technology Partners, for emerging electronic payment offerings; and the inventors of business process re-engineering, CSC/Index, for the concept ‘Farm as a Factory’ for a global agriculture/manufacturing leader. Michael ‘changes the playing field’ by envisioning whole-product development and value propositions that lead to innovation and accelerated growth.
Dr. Nick VItalari