NineSigma starting up in Europe

About 3 weeks ago I sat together with Andy Zynga, CEO Europe of NineSigma. For those that may not know the company: NineSigma is an open innovation intermediary that matches the technology needs and questions from companies (referred to as Innovation Seekers) with the possible solutions from a huge network of scientists, university researchers and technology incubators (referred to as Solution Providers). As such they directly compete with other intermediaries like Innocentive, TekScout and YourEncore. NineSigma claims to have the largest amount of Requests For Proposals (RFPs) on its platform and thus to be the market leader. Their clients include companies like P&G, Xerox, Kimberly-Clark and DuPont.

I had a very nice chat with Andy Zynga about their expansion strategy in Europe (NineSigma is headquartered in the US and has already expanded to Japan with a local office there). In order to broaden the current client base in Europe, they are now building up a European Office in the area of Louvain (Belgium). On average NineSigma plans to double its business year by year as more and more companies are adopting this kind of open innovation initiatives. If you are interested in their services or just want to know more, references to the newly founded European Office can be found here.

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