Solutions

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:

Scout the universe of technology developers, from start-ups to multinationals, for the most promising solutions that meet industry needs
Rank technology providers across a range of key metrics to uncover the highest potential partners
Navigate the existing relationships within the innovation ecosystem to leverage or avoid
Connect with key executives at potential innovation partners across the value chain

Lux Research Solutions

To effectively scout for technologies and drive successful open innovation, our clients use:

Company Profiles for information and analysis on key companies in the field
On-line tools including client-designed tables and Lux Innovation Grids to quickly filter to key companies to target
On-demand Inquiry to obtain additional analyst insight and recommendations regarding a technology developer of interest
Lux Consulting services to build an innovation map and rank potential partners for technology value and business fit

Case Study

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.