The Insight Innovation Competition has been one of my absolute favorite initiatives since Ray Poynter and Pravin Shekar suggested it as part of the very first Festival of NewMR five years ago. The idea of developing a research-centric innovation competition for young companies to gain exposure, support, and capital was something new for our space, but from it’s inception the response from the industry has been phenomenal. To date close to 100 companies have entered and 42 have made it to the final round, with 7 winners going on to win the prize. Many of the participating companies have received funding or been acquired, with even more going on to organic success through new clients and partners.
In short, the IIC is making a difference for all stakeholders in the marketing insights space, and that has always been the goal. We’re thrilled it continues to evolve and deliver on that promise!
In this most recent round, 19 companies officially threw their hats in the ring, and this may be the strongest group of participants ever. But don’t take my word on it. Long-time GreenBook Blog follower and one of my favorite contrarians, industry veteran Christopher Noel Robinson, commented on LinkedIn:
Christopher Noel Robinson: Leonard I hate to admit it, but some of these are the breakthroughs we have been waiting for. Hats off to IIex!!
If you don’t know Christopher, believe me there is no higher praise! If he thinks we have some game changers in this wave, then we do indeed have some companies that might go on to great things!
Here are the final results from the open voting phase.
Rank
IDEA NAME
AUTHOR
VIEWS
VOTES
1º
OpinionsApp
Adriana Rocha
4334
524
2º
EyeSee, online eye tracking with emotion.
Olivier Tilleuil
1505
416
3º
SWAY
George Dranovskiy
2051
407
4º
Dataga.me, the self-service research gamification platform
Jason Anderson
2292
391
5º
Metametrix
Mary Meehan
3024
366
6º
Usenns: neurotechnology for non-conscious emotion detection in MRX studies
Javier Minguez
2783
350
7º
Upfront Analytics
Upfront Analytics
1695
302
8º
Affinio Inc.
India White
1315
142
9º
Market Research Cloud™
Josef Zankowicz
965
133
10º
Thumb: Generating Insights about Millennials through Social Media App:…
Sima Vasa
795
132
11º
LeadSift Inc
Pam McBride
1018
129
12º
VoxPopMe
Tom Higgins
1403
82
13º
Fetch Rewards
Anusha Sthanunathan
782
70
14º
AnswerRocket – like Google™ for Customer Insights
Pete Reilly
790
36
15º
YouEye: Agile Experience Analytics Platform
Collin Sebastian
763
25
16º
Ditto
Mary Tarczynski
469
23
17º
BX
Shaun Collett
80
14
18º
Cool Tool
Dmitry Gaiduk
364
12
19º
Impact Groups
Kip Creel
116
3
The crowd voting is just the first part though. 5 finalists and 1 wildcard will now go on to the Judging round at IIeX in Atlanta, and here is what they are competing for:
WINNER PRIZE
$25,000 cash award.
Opportunity to be evaluated for inclusion in the Lowe’s Innovation Lab Accelerator located at the Singularity University Campus at NASA Ames Research Center in San Francisco.
Exposure to large international audience of potential prospects, funding partners, venture capitalist and angel investors.
An invitation to present at the next Insight Innovation eXchange
An interview to be posted on the GreenBook Blog, viewed by 36,000+ industry professionals per month
An opportunity to work with successful senior leaders within the market research space
The Insight Innovation Competition is collaborating with the Lowe’s Innovation Lab to help competition entrants gain awareness within a broad consortium of global brands.
All participating companies will be vetted for inclusion in the Lowe’s Innovation Lab program. Selected participants will gain guaranteed organic funding through pilot programs with program partner companies, as well as access to acceleration resources for marketing, strategy, finance, and business development.
In addition, all companies will be vetted for inclusion in the Ricoh Innovation Accelerator, an investment and business accelerator program focused on developing new technology solutions that can be applied to a host of business issues, including marketing insights.
So what happens now?
The companies that will go on to the Judging Round and their chance to win $25k and all of the other benefits of making it to the finals are:
OpinionsApp
EyeSee, online eye tracking with emotion.
SWAY
Dataga.me, the self-service research gamification platform
Metametrix
And the Wildcard entrant being added to the mix is Fetch Rewards.
On June 15, 2015, as part of Insight Innovation eXchange North America 2015, the finalists will present their concepts to a panel of judges comprised of sponsors of the competition in a live event. Each presentation will last 10 minutes: 5 minutes to pitch and 5 minutes for Q&A from the judges. The panel of judges will be moderated by Gregg Archibald, Senior Partner at Gen2 Advisors.
Using a 10-point scale for each category, judges rate each presentation on:
Originality of concept
Presentation quality
Market potential
Scalability
Ease of Implementation
On June 17, 2015 we’ll reveal the scores. The highest final score wins. The winner takes home the pot and chooses which of the judges they would like to engage with afterwards as a mentor.
A BIG thanks needs to go out to our IIC sponsors who fund the prize:
The judges have their work cut out for them. Each of these entrants have immense potential, and any of them could easily take home the prize! But, there can be only one who will take their spot along past winners of the IIC:
The other five will be in good company as well and will join the 35 other finalists who have gone to great success even though they did not win the competition:
Just as the entrants are particularly impressive this round, we also have an incredibly strong panel of judges comprised of clients and investors who will conduct their own version of “Shark Tank” on stage. We’re privileged to have such an esteemed group putting these companies through their paces!
COMPETITION JUDGES
Keiko (Kay) Iwaisako US Lead Ricoh Ventures
Kay manages investment and business development operations in US for Ricoh Ventures. She was previously Vice President of Corporate Strategy at Macromill, an online marketing research technology and service firm. Prior to that, Kay spent over a decade as a venture capitalist at Entrepia Ventures, a Silicon Valley-based technology VC firm. She served as a board/observer member at World Wide Packets (acquired by Ciena), ArchPro Design Automation (acquired by Synopsys), HelloSoft (acquired by Imagination Technologies), MagSil and others.
Jonathan Ewert President Placeable
Jonathan Ewert has 25 years of experience leading public and private companies in tech-enabled sectors, including research and advisory, Internet hosting, interactive media networks, SaaS, e-commerce, and social networks. Prior to Placeable, Jonathan served in a variety of management and Board roles for several portfolio companies of Catalyst Investors, a growth equity firm with $600 million under management across three funds. Before that, Jonathan served as SVP of Corporate Development for LookSmart, where he led the turnaround of the media business. Previously, he was CEO of ePALS until selling the company in 2007, and a Vice President at Modem Media, where he led the preparation for its successful IPO in 1999. Jonathan currently serves on the Boards of Alert Solutions, Codero Hosting, Reputation Institute, and Audience Fuel. He also serves on the Advisory Boards of Google Consumer Surveys and Kinetic Analysis Corporation. He earned his B.A. in Political Science in 1986 from the College of the Holy Cross.
Scott Miller CEO Vision Critical
Scott Miller is the CEO and a board member of Vision Critical. In this capacity, Miller focuses on developing and leading the execution of Vision Critical’s strategy including strengthening relationships with customers and partners, driving innovation and growth across all markets and ensuring operational excellence across the company. Scott joined Vision Critical after 12 years at Synovate. Most recently, Scott had been the CEO of Synovate North America, where he led the business to industry-leading growth by re-aligning all 1,000 employees on client sales and delivery. Scott also led the rebuilding of Synovate’s advanced analytics business: MMA. His leadership successes can be attributed to alignment of the complete organization around a common vision, clarity and passion in communication and empowering others to contribute at their absolute best. Prior to his North American CEO role, Scott held positions as Head of Global Client Relationships, Head of Synovate’s Research Reinvented (advanced technology) Initiative and CEO of its Global Motoresearch practice. But, Scott was not always a “big company” leader. For the 12 years before Motoresearch was acquired by Aegis/Synovate, he was a partner at the company where he led international development, including the creation of a substantial presence in Latin America. Scott is the Vision Critical management representative on the Vision Critical Board of Directors.
It’s not too late to grab your ticket to IIeX so you can experience these (and many more!) great innovative companies first hand. Don’t be left out from meeting “The Breakthroughs We Have Been Waiting For” and exploring how they can work with your organization to deliver insight innovation and impact!
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