Certain problems are better solved through start-ups than in your own company.
And so more and more companies are ramping up start-up intelligence. And work with start-ups along the engagement spectrum.
But, the balance is tilting.
Companies are competing for a shorter supply as start-ups have much to choose from. And start-up management teams are not always willing to share data and spend time and resources on diligence requests.
Also, as wrong start-up selection accounts for 75% of partnering failures, companies have recognized that they should perfect their start-up diligence process.
In response, companies' approach is to increasingly use Startup Relationship Management tools like Scoutely SRM to become more efficient and confident in making the right choices.
- With Scoutely SRM, companies use pre-built templates to reduce complexity and get internal alignment on opportunities quickly.
- Selected start-ups get access to the platform to connect with the company in a trusted way. And to reduce the effort and time needed to provide data and answer questions.
- Both sides use the freed-up time to dig deeper on specific topics to better qualify and quantify the potential outcomes and conditions to make collaboration work.
As start-up partnering climbs the company priority ladder, innovators understand that they must adopt a more modern approach to start-up diligence.
We'd love to show you how Scoutely SRM helps you gain a better understanding of value-creating opportunities without wasting precious time.