Novable provides an AI-powered innovation scouting platform that connects corporations with a database of over 4 million startups, enabling rapid identification of potential partners for collaboration. This solution addresses the challenge of corporate innovation by significantly reducing the time required to find and validate relevant startups, delivering results 87% faster than traditional scouting methods.
Funding
$980K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Corporations often struggle to efficiently identify and engage with relevant startups for open innovation initiatives due to the vast and fragmented startup landscape. Traditional scouting methods are time-consuming and resource-intensive, leading to delays in finding and validating potential partners.
Solution
Novable offers an AI-powered innovation scouting platform that streamlines the discovery and validation of startups for corporate collaboration. The platform leverages a database of over 4 million startups, enhanced with activity-based insights, to enable rapid identification of potential partners aligned with specific innovation challenges. Novable's AI expert, Scott, assists users in quickly finding innovative companies, while Novable experts validate the generated lists and deliver detailed reports and benchmarks. The platform also provides outreach support to facilitate engagement and introductions with identified startups, as well as guidance in developing corporate venturing strategies.
Target Audience
The primary target audience includes corporate innovation teams, open innovation managers, corporate venturing groups, and R&D departments seeking to accelerate their innovation efforts through strategic partnerships with startups.
Features
- AI-powered startup scouting using a database of over 4 million innovative companies
- AI expert "Scott" for instant startup discovery
- Validation of startup lists by Novable experts with detailed reports and benchmarks
- Outreach support for engaging and introducing corporations to potential partners
- Corporate Venturing Framework™ for developing corporate venturing strategies
- Activity-based insights for comprehensive startup evaluation