Introducing Venture X
- a demand-driven accelerator for the public sector
The Story of Venture X
Innovation is usually not limited by a lack of supply, but a lack of demand.
Therefore, DigitalWell Ventures are developing a unique form of demand-driven accelerator – Venture X - to accelerate the interaction between the public sector and innovative businesses and making scalable and sustainable digital health and welfare services that create value for people and organizations.
That's a BIG challenge, but we are up for it.
What on earth is a demand-driven accelerator?
A demand-driven accelerator is, from our perspective, a way to accelerate innovation of new services based on needs, problems and challenges. An acceleration with a scaling and distribution perspective, which supports both needs/problems/challenges-owners and innovative companies.
A demand-driven accelerator is led by an intermediary, in our case DigitalWell Ventures, who leads the processes that ensure the scaling and distribution perspective and enables co-development, accessibility and scaling in an efficient manner.
Then, how on earth do we do this in reality?
Based on existing regulations regarding procurement, we can add steps in the process that ensure and strengthen the scaling and dissemination potential of the solution, and simplify for more organizations to procure and make the service available.
Contact us and we will tell you more about or step-by-step methodology for demand-driven acceleration.
And why not start an exciting case together?
Innovative companies are a force that is rarely involved in the development of solutions together with the public sector. Large procurements often govern, and innovation is seldom the basis for procurement.
In cases where innovative companies find a customer in the public sector, it is difficult to scale the solutions to other public actors. New procurements are required and the players are stuck in previously entered agreements.
Furthermore, it is not the task of the contracting organization to take into account the scalability of the solution, or market potential, or to provide support for exploiting the commercial potential.
Our experience also shows that innovative companies are seldom prepared for the high demands of the public sector. They rarely have access to information or knowledge about public sector needs and requirements.
We believe that the health challenges of the public sector could drive innovation to a much greater extent. We need to find new forms that facilitate a change where we take advantage of the innovative power that exists in companies and that meet the challenges and requirements that the public sector has. Forms that stimulate innovation and scaling from a demand perspective.
Venture X is a new unique form of accelerator that is based on demand, ie a need, problem or challenge, where it is unclear how to solve it, or that there are no obvious solutions to buy on the market.
An demand-driven accelerator that accelerate the interaction between the public sector and innovative companies and make scalable and sustainable digital health and welfare services available in easier ways that create value for people and organizations.
Curious? Let's talk about YOUR Venture X!
Innovation driven by an idea or vision of how you wish or believe things could be.
Innovation driven by testing ideas and solutions to find a fit.
Innovation driven by a challenge or problem that you want to solve in the best way possible.
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