Technology Scouting

Technology scouting is an activity performed by innovation and research & development professionals to find technologies outside their own company.

Technology Scouting

Technology scouting is an activity performed by innovation and research & development professionals to find technologies outside their own company.

Identifying Technical Opportunities

Technology is an important source of creating a sustainable competitive advantage. The industrial field is full of companies, smaller and bigger, that create technology that could benefit from your offering. Technology scouting is an essential part of the recently popularised open innovation strategy, where innovation professionals look externally for technical opportunities. 

Through our extensive network in the biobased materials industry and by visiting Fairs and Conferences, Sirius Consultancy International connects clients to companies of interest, and assists them in evaluating opportunities where needed. Technology scouting can go hand in hand with high-level product portfolio analysis.

How can we help you scout for new technologies in the biobased chemicals and materials sector?

What is the Technology Scouting process?

The general idea of technology scouting is simple: use a network of experts to scan the technological environment, monitor key technologies and channel the information into the company. On the basis of this information companies may act in different ways:

1. Assessing the risk from a new and disruptive technology.

2. Planning own reserach and development activities in the new technological field.

3. Preparing the acquisition of the emerging technology by licensing, acquiring the Intellectual Property Right or buying the company.

Identifying New Technologies

In all cases the company will have to get additional information, reach out to the source of the initial information and start interacting with the respective organization. Therefore, Technology Scouting is a combination of Foresight and Technology Management.

Depending on the importance of a R&D-challenge, innovation teams traditionally spend time on the following channels to find the right technologies: