NEC

Overview

  • Posted Opportunities 0
  • Founded Since 1850

Company Description

We are a tech company.
We partner with companies to foster innovation and recruit the talent that will run it.

A single platform to scout, evaluate and deploy ideas, startups and talents.

NEC Innovation Challenge

NEC is a multinational IT and electronics group and market-leader in delivering technology and digital solutions. In 2022, they used Agorize to organize the NEC Innovation Challenge to create significant joint businesses with promising startups worldwide.

Executive Summary

Transcend the boundaries of established concepts

NEC, one of the world’s leading technology and digital solutions providers, needs to create new businesses to continue bringing value to society.

99% of innovation leaders explicitly include innovation among their strategic objectives. NEC aims to create valuable businesses by forming new combinations of diverse knowledge that transcend the boundaries of established concepts.

So, what does it take for a leading organization to identify partners to co-create with?

With Agorize’s innovation management platform connected to a unique global community, NEC organized an innovation challenge for startups, calling for startups that can support its objectives in various business areas.

 NEC’s objective Identify and assess startups to actively collaborate with and create next-generation innovations.

How to create new value by co-creating solutions with startups

For NEC, innovation is about business development where customer segments and value propositions are unknown, and where the development of new businesses is difficult for a single organization to undertake alone.

With Agorize’s platform connected to a global community of innovators, NEC organized its innovation competition to engage startups and develop new businesses.

Startups submitted solutions in the following categories:

Metaverse

Interconnect the virtual world and the real world with solutions in these domains:

  • Metaverse cities
  • Metaverse smart work
  • Virtual avatars

Carbon Neutrality

Create software-based carbon neutrality solutions using AI and ICTs in these areas:

  • Smart manufacturing
  • Smart transport and logistics
  • Smart agriculture

Healthcare & Life Sciences

Develop ‘Solutions for Society’ in these healthcare domains:

  • AI for personalized medicine and vision
  • Hospital management
  • Security and privacy
  • Computational models

 

The solution

Accelerate the innovation process, from scouting to implementation

To address NEC’s team’s needs for a solution to accelerate co-creation, Agorize has deployed its innovation software to identify and evaluate startups and propose ideas efficiently.

The platform integrates collaborative tools and advanced features, guiding both organizers and participants through the innovation funnel.

NEC’s team was able to review each submission and move them to the next phase, with the real-time dashboards providing important program statistics.

Startup teams could easily submit their solutions and deliverables within the platform and efficiently communicate with organizers through the in-app chat. 

 
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