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Updated by Vuk Živković on Mar 09, 2022
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The 10 best ways to utilize Startups

Startups are one of the best resources of innovation and new ideas. This can be done through scouting or M&A but results nevertheless, stay impactful. Read more on https://novable.com/15-use-cases-from-our-clients/

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1. Get an inspiration flow

Explore and discover innovative companies in specific domains, industries, topics, technologies or locations. Ensure a permanent innovation supply chain with startup scouting to get inspired from external initiatives.

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2. Set up an innovation culture

We are not the only ones saying that innovation is becoming one of the most important focus points within a company. Additionally, it is becoming a big competitive advantage in any industry too.

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3. Find specific solutions

Specific problems require specific solutions and at Novable we offer multiple solutions. Find them on our platform!

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4. Monitor a specific topic

Set up permanent radars and get notified when new entrants or signals blip on your screen. Map out a given topic, domain, technology or location.

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5. Anticipate competition threats

Monitor your competition and global environment. Anticipate disruptive threats and mitigate strategic risks.

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6. Landscape strategic fields

Get the big picture through actual field players. Novable is the watchtower your company needs to landscape fields ahead and anticipate strategic moves.

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7. Find M&A targets

Corporate Development teams are using Novable to spot acquisitions targets answering specific requirements and criteria – not only from a firmographic standpoint, but also from an actual commercial and technical activity perspective.

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8. Identify new strategic partners

Find opportunities and identify potential partners, identify innovative suppliers you did not know about, find new technologies, products, services, skills and competences. Receive potential new strategic suppliers in real-time or in a couple of hours (emergency supply) or find alternative and substitutes to existing suppliers.

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9. Ensure a bridge between procurement and open innovation

Novable helps purchasing managers complete their suppliers directories with new, innovative or missing partners. Open innovation and procurement have a lot of common objectives, and Novable helps bridging the current gap between the two.

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10. Ensure a constant deal flow