Case Study: VERBUND X accelerates startup scouting and cuts costs with Novable

Verbund X cuts scouting costs by €10,000 per campaign with Novable

VERBUND X, the innovation arm of Austria's leading energy company, faced significant challenges with its traditional startup scouting process. The rapid pace of innovation in the energy sector, combined with the vast number of emerging companies, made it difficult to stay current. Their manual methods were time-intensive, inefficient, and limited their visibility, causing them to potentially miss breakthrough technologies. To overcome these constraints, they partnered with the vendor Novable.

Novable provided an AI-powered discovery and screening platform that blended artificial intelligence with human expertise. This solution dramatically accelerated the initial scouting process and expanded VERBUND X's perspective beyond its established networks. The partnership resulted in substantial cost savings of approximately €10,000 per scouting campaign and reduced the required internal personnel time to just 20 hours per campaign, allowing the team to reallocate resources to higher-impact innovation activities.

Verbund X