Enterprise Premium Membership is designed as a form of a membership on InnMind SaaS Platform for the teams within CVC and/or Open Innovation Departments that continuously source and collaboratively assess new quality startups depending on the appearing needs in order to move fast in the decision-making regarding the next investments/PoCs.

Open Innovation as a Service is rather designed as an end-to-end open innovation project, that focused on a specific corporate challenge (s) whereby InnMind acts as a third partner, providing scouting, full initiative’s management and media coverage.

Some specific differences are mentioned below:

• Scouting – In Open Innovation as a Service, we follow an omni-channel outreach through the ecosystem (VCs, Accelerators, Journalists, Universities, InnMind Platform etc.) while in Enterprise Premium Membership, it is limited to our platform (13000+ startups).
• Timeline –  In Open Innovation as a Service, a project runs for 2-6 months on an average while Enterprise Premium Membership is a quarterly or yearly subscription plan.
• Pricing – The fee of Open Innovation as a Service is fixed depending on the scope of the project while Enterprise Premium Membership has a subscription membership fee.
• Features – Open Innovation as a Service involves media coverage unlike the Enterprise Premium Membership.

We operate as a platform, and apart from our own outreach we perform using an omni-channel approach outside the platform to scout the most relevant solutions for challenges, our own platform and network grows organically by 300+ new startups/investors joining on a monthly basis. Other similar platforms serve as a database rather than a collaborative platform where the ecosystem is vivid, so in this case, InnMind covers all the aspects of open innovation & dealflow origination rather than providing parsed data from open sources and analysis.

Here are the main features that will change the way you scout and work with technologies that will help to shape your your business:

• InnMind Network – Avail the benefit of our network of 5000+ startups by using our advanced search engine filtering startups by industry, location, stage etc.
• Product Access– Enjoy access to Startup Evaluation Dashboard (i) Personalized dashboard to add, score & evaluate startup solutions, leave notes, invite colleagues, collaboratively vote and avail other customized features.
• InnMind Support- Use our expertise by employing us for dedicated private scouting (1 time/quartal) of solutions based on current innovation needs. Also gain from Direct email introductions with founders of your chosen startups and on-demand introductions with VCs and CVCs with matching investment focus. We also provide additional support by matching your marketing departments with the right startups for advertising or product placement opportunities within metaverse/gaming scaleups. 

1. Framing – Define the objectives of the challenge together with a clear value proposition for the startups. Building on your topics of interest we create a comprehensive website for the challenge, communication kit, with brochures, PR pieces, visuals, application process setup and other processes. Your challenge is tailored to your needs and even visual identity.
2. Scouting– We mobilize our global network to find the best technologies & startups suited to your needs, through InnMind Network (of 13k startups), reaching out to our VC Partners (1,300+ funds), our 200+ accelerators, universities and other ecosystem partners, and reaching out to the right innovators on a private basis using the team’s efforts. We will also ensure to provide you with regular reports on the updates regarding the application progress & coverage.
3. Pre-Selection– Using our team’s expertise, we will preliminary analyze all the submitted applications and pre-select the most relevant solutions that fit to the challenge’s criteria by having one-on-one meetings, conducting interviews and making sure what ends up in the hands of the business units is complete & worth analyzing.
4. Evaluation – All the pre-selected solutions will be available for further collaborative assessment on InnMind Platform’s scoring/evaluation module. Available functionality includes inviting colleagues for scoring, access to full information about an applicant, custom scoring & evaluation criteria, score and leave notes, view average score assigned to each applicant and much more.
5. Finals – Depending on the goals of the challenge – we are open to implement various activities to make sure to finalize the initiative in the best way possible: organising an online pitch day, involve our network of VCs for co-investment and/or provide our additional support in further due-diligence of the selected solutions for PoCs/Pilots/Investments. 

Get in touch with our Open Innovation Team via the form below and we’ll find the more suitable solution according to your needs and available budgets.