dunnhumby ventures Launches Retail Innovation Network to Supercharge Ecosystem Partnership Incubation and Venture Scaling
18 Junio 2024 - 5:00AM
Business Wire
Retail Innovation Network aims to bring together early-stage
startups, enterprise technology partners, and venture investors
dunnhumby, the global leader in Customer Data Science, along
with its corporate venture capital arm, dunnhumby ventures, today
announced the launch of its Retail Innovation Network. This newly
created program provides a unique platform for early-stage
startups, enterprise partners, and investors in Retail and Consumer
Goods technology sectors, to cultivate strategic alliances across
the ecosystem.
dunnhumby ventures’ Retail Innovation Network serves as a
groundbreaking initiative to propel innovation in the retail
ecosystem by fostering collaboration and co-development among
industry stakeholders.
"The Retail Innovation Network has two overarching goals: (i) to
collaboratively break down barriers to innovation that exist in our
ecosystem, and (ii) provide its members with direct access to
decades of industry expertise and connectivity built across
dunnhumby, dunnhumby ventures, and its partner ecosystem," said Leo
Nagdas, Head of Corporate Development and dunnhumby Ventures at
dunnhumby. "By bringing together the collective ingenuity of
startups, best practices of scaled technology partners, and market
intelligence and capital of industry investors, we can establish a
new gold standard for faster and more integrated ecosystem-led
problem solving."
dunnhumby invites startups, established enterprises, and venture
investors to express interest through dunnhumby ventures’ dedicated
submissions site. Network membership will be complimentary and
assessed on a rolling basis, with successful applicants receiving
an opportunity to participate in invitation-only online and
in-person events, access dunnhumby’s expert network, and gain other
exclusive industry resources. Seed and early-stage businesses will
also benefit from the ability to apply for direct funding from
dunnhumby ventures and its venture capital investment partners.
Dave Clements, Chief Strategy Officer added, "Over the last
decade we have built a strong network of leading retailers that
work with dunnhumby and benefit from shared learnings and
cooperation on common topics. Expanding this to a Retail Innovation
Network is a natural next step as we connect and source new
innovations that help businesses put the Customer First by
utilizing data, science, AI across the world. Through a mix of
virtual and in-person meetings we are excited to connect our deep
retail expertise with the latest cutting-edge technologies and AI,
ultimately with the goal to help accelerate value creation for our
Retail Network."
The inaugural invitation-only meeting for program members is
planned to take place in Bentonville, Arkansas in summer 2024.
“We are proud to launch this pioneering program at such an
important center here in Bentonville,” said Vincent Diguet, Global
Managing Director at dunnhumby. “This initiative continues our
commitment to innovation, the removal of technology and data
siloes, better integrated workflows, and exceptional customer
experiences that shape the future of retail. We are excited to
welcome like-minded innovators to join us.”
For more information about dunnhumby ventures, the Retail
Innovation Network, and to submit membership inquiries, please
visit https://www.dunnhumby.com/about-us/dunnhumby-ventures/.
About dunnhumby:
dunnhumby is the global leader in Customer Data Science,
empowering businesses everywhere to compete and thrive in the
modern data-driven economy. We always put the Customer First.
Our mission: to enable businesses to grow and reimagine
themselves by becoming advocates and champions for their Customers.
With deep heritage and expertise in retail – one of the world’s
most competitive markets, with a deluge of multi-dimensional data –
dunnhumby today enables businesses all over the world, across
industries, to be Customer First.
The dunnhumby Customer Data Science Platform is our unique mix
of technology, software and consulting, enabling businesses to
increase revenue and profits by delivering exceptional experiences
for their Customers – in-store, offline and online. dunnhumby
employs over 2,500 experts in offices throughout Europe, Asia,
Africa, and the Americas working for transformative, iconic brands
such as Tesco, Coca-Cola, Meijer, Procter & Gamble and
Raley’s.
About dunnhumby ventures:
dunnhumby ventures is dunnhumby’s corporate venture fund with a
mandate to invest in early-stage retail technology start-ups that
embrace data for innovation along the customer’s path to purchase.
Backed by the pioneering global leader in customer data science,
dunnhumby ventures seeks to align with founders at an early stage
and supercharge their ability to innovate and go to market. Its
focus areas include artificial intelligence (AI), data capture and
enrichment, retail media, customer engagement, category management,
supply chain, and commerce.
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