Member Profile: SPROCKIT
Organization Name: SPROCKIT
Location: Washington D.C.
Industry: Ecommerce
What We Do:
SPROCKIT is the trusted Global Innovation Marketplace where leading Fortune 500 Media, Entertainment and Technology companies and the world’s top market-tested startups connect to bring innovative products, services and revenue models to market through partnerships, investments and acquisitions.
SPROCKIT is invitation-only, and vets and curates collaboration between technology startups and large corporations seeking innovative solutions to specific corporate “pain points” and opportunities.
Key Outcomes
177 curated startups from 18 countries
Over $2.0 billion raised, $1.0 billion raised after joining SPROCKIT
25 successful M&A exits - on average within two years of acceptance
What’s a Trend You’re Seeing/Prediction for the Future:
Large corporations within the Media, Entertainment and Technology space face an almost impossible challenge to quickly identify and engage solution partners to help them employ innovation to solve their critical pain points. Often, operations, corporate development and their investment arms do not consistently communicate with regard to this challenge, further exacerbating the problem.
A Problem/Challenge We Are Working To Solve:
Providing companies with an effective and efficient solution to immediately identify and partner with startups who are able to provide innovation to solve their corporate pain points and opportunities.
Organization Slogan:
Innovation Found. Problem Solved.
Why is Ohio is a great place to do business?
Innovation is the key. Ohio has increasingly become known as a leading breeding ground for successful startups in the technology space. It has the all important support of local and state government, and places a strong emphasis on the importance and necessity of innovation.
For more information on SPROCKIT, please visit: www.sprockit.com