Every once in a while I come across a phenomenal resource that I want to share, and VentureRadar is just such a site.
If you want to find out which companies are leading the way in disruptive and innovative technologies, VentureRadar will crawl through publicly available data and show you who’s hot. The Company was founded by Andrew Thomson, PhD who contributed to the building of an online intelligence tool used by Dow Jones. His team also includes two PhDs and a Masters Degree – their knowledge spanning artificial intelligence, machine learning, mathematics, statistics, and science.
How do it work?
It’s basically a search engine. Type what you’re looking for and let the magic unfold.
For example, if I type in the phrase, “Wearable” I get these results. If I click on the first company, Wearable Intelligence, I get this report which is shown below as well.
Screen Capture from VentureRadar
I asked Dr, Thomson, how Innovation and Growth Signals were defined and he kindly provided the following:
“Innovation Signals: There are two elements we consider when measuring innovation: proprietary technology/skills/business models, and the potential for disrupting industries. Highly rated companies can include both established or even consulting based companies (so for example a contract R&D company would be often be considered innovative) as well as disruptive start-ups.
Growth Signals: This measures the ‘momentum’ of the company, which could be through revenue but more often through other metrics which can infer business momentum, such as partnerships, awards, funding events, press coverage, social media, etc.”
Here’s what a company like Uber looks like:
Uber’s profile on VentureRadar
On the flipside, there are companies like well established IDE Technologies, leaders in water desalination.
IDE Technologies
Well established but also leading the way in developing water desalination technologies
In my opinion, VentureRadar is a pretty amazing platform for locating those companies that could be competition, or partners.
It is also a valuable resource if you’re looking to map how a certain technology will develop over the next 5 years. Once you can see where things may be going, your strategic and scenario planning can take that into account, giving you a better feel for the accuracy of future scenarios.
I’ll be using this for sure in my work. Pay them a visit. I’d love to hear what you think about VentureRadar.
