This is the third of a four-part series on how Venture Scanner enables corporations to research, identify, and connect with innovative companies. In the first post, we laid out our four-step process. In the second post, we dove into the first step in the process, exhaustively scanning emerging sectors. In this post, we’ll review how we shortlist a set of companies that should be top-of-mind.
Emerging technology sectors are made up of several hundred if not thousands of companies. After exhaustively scanning these sectors and educating our clients on the full landscape, we go through an exercise of zooming in on strategic categories of interest and shortlisting companies that should be highest on their radar.
This step is very critical to control in order to prevent sub-optimal decisions. It is important that the filtering process from the exhaustive scan to the shortlist be unbiased and based on data and insights, versus based on any preexisting opinions that may have been shaped through the media or your network.
The Venture Scanner shortlisting framework takes into account 3 factors:
- Data: Our algorithms programmatically derive a company score with input variables being publicly available data such as funding, headcount, and followers.
- Insights: Our analysts are fully immersed in the startup ecosystem and have on the ground insights by which to frame their assessments. They score companies based on their status towards product-market fit, adoption, IP, business model traction, funding, and strength of their management teams.
- Customer Input: In addition to our data and analyst insights, we do a final filter on companies based on our clients’ specific needs, whether they be specific geographies, business models, product features, and traction levels.
In our next and final post in this series, we’ll share the last step in the process: Connecting our clients with strategic companies.
Venture Scanner enables corporations to research, identify, and connect with the most innovative technologies and companies. We do this through a unique combination of our data, technology, and expert analysts. Reach us at firstname.lastname@example.org.