Incubators and Accelerators Are a Powerful Channel for Region-Specific Scouting
Words by Carlos Pichardo
Incubators and accelerators are instrumental in driving startup companies toward success. Accelerators can aid startups that already have a minimum viable product (MVP) while incubators can provide the space and resources for startups to develop their ideas.
Our team of expert Open Innovation (OI) consultants continually come across and build relationships with leading incubators and accelerators as part of our scouting work. As a result, we have cultivated a proprietary database of the top 1000 incubators and accelerators worldwide that we use as a valuable scouting tool.
We utilize the database to pull the best companies graduating from these incubators and accelerators across our client’s interests or geographic areas. We also use it to connect these organizations with future clients. The database provides a steady flow of new emerging companies that can be referred to whenever needed.
As an illustration, we recently helped a client who was visiting Singapore and looking to meet with local innovation hubs. We consulted our database to identify the most promising local accelerators in their areas of interest and arranged meetings for them. The same database was also used for a client seeking at-home remote diagnostics and monitoring companies. In this case, we identified innovation incubators and accelerators that provided graduates of strong interest to the client.
The database includes over 1000 incubators and accelerators across various categories, including environmental, health tech, AI, agriculture, fintech, hardware, software, transportation, retail, and infrastructure. In addition to the technology coverage, over 50 countries are represented which provides our clients access to specialized innovation and technology hubs across the globe.
Our global scouting efforts continue to expand the number of locations represented in the database. As we proactively reach out to organizations and build relationships, we vet and add the most promising to our database and regularly keep it up to date, to continually help our clients find new and emerging companies.
Contact us to learn more about how we can put our database to work for your needs.