Technology Scouting and Open Innovation
Open innovation is now recognized as a critical tool for accelerating growth, and the rapid pace of change in emerging technology markets heightens the importance of scouting for and incorporating technologies from the innovation ecosystem. From venture capital to government incentives, stimulus and technology funding, new technologies are constantly emerging to potentially serve a range of industries. Lux Research helps executives:
Lux Research Solutions
To effectively scout for technologies and drive successful open innovation, our clients use:
A major chemical manufacturer wanted to beef up the capabilities of its corporate venture capital (VC) and new business development groups. By subscribing to Lux Research Intelligence services it gained access to a robust stream of new dealflow for the VC group through the Lux Research Journals, as well as a way to get a quick outside take on potential new business partners by searching archived Company Profiles on the Lux Client Portal. Based on findings from the Lux Research analysts about the potential for organic photovoltaics, it commissioned work from Lux Consulting to take a deeper dive in the space and evaluate the potential for its own capabilities – and pick out suitable partners.