Smarter Scouting – Best Practices for Big Organizations

How are large companies doing the work of scouting? What’s their advice about getting the right resources — and building the right relationships so you can take advantage of what you find?

With over 20 years of experience in technology and start-up Scouting we understand the challenges our customers face. It’s why we were delighted to collaborate with InnoLead on this “Smarter Scouting” report.

Our joint objective was to provide fresh data and insights to professionals working in big organizations to understand what’s happening outside their walls — whether in the start-up ecosystem, in academia and governmental research entities, or potentially at other big organizations.

It is clear scouting activity has increased and this is aligned with our increased Scouting capabilities. Wazoku Scout puts the power of Crowd + Machine Intelligence at your fingertips

Why Scouting?

Scouting is more than just a buzzword; it’s a strategic necessity for organizations aiming to stay competitive and innovative. Here’s why:

  • Identify High-Potential Technologies: Over 50% of organizations use scouting to find groundbreaking technologies, especially in AI and data science.
  • Forge Strategic Partnerships: Scouting helps create collaborations with startups, academia, and other large organizations. This opens doors to new markets and innovative solutions.
  • Enhance Business Connectivity: Strong internal relationships enhance the scouting process. This ensures that innovative solutions align with business needs.
  • Drive Long-Term Success: Companies committed to scouting and testing new technologies perform better, achieve more, and sustain growth over time.

Key Insights from the Report

  • Increased Scouting Activity: Nearly half of the surveyed organizations have ramped up their scouting activities in 2023 compared to 2022. This increase is driven by advancements in AI.
  • Travel and Connectivity: 44% of scouting professionals travel frequently to conferences, universities, and startup events. This underlines the importance of face-to-face interactions.
  • Metrics for Success: Common KPIs include the number of companies screened, the number of partnerships formed, and the success rate of pilot projects.

Accelerate innovation with intelligent scouting

Find the right start-ups and partners fast with Wazoku Scout

Download the full report