TLDR:
- UK retail customer data firm Dunnhumby launches Retail Innovation Network
- The network aims to connect startups, enterprise partners, and investors in the retail and consumer goods sectors
UK retail customer data company Dunnhumby has announced the launch of an industry collaboration programme called the Retail Innovation Network. This initiative, run by Dunnhumby and its corporate venture capital arm Dunnhumby Ventures, aims to facilitate strategic partnerships by connecting startups, enterprise partners, and investors in the retail and consumer goods sectors. The first meeting of the network is scheduled to take place in Bentonville, Arkansas in the third quarter of 2024.
Membership to the Retail Innovation Network will be free and continuously evaluated. Participants will have access to online and in-person networking events, connect with Dunnhumby’s industry experts, and utilize other resources. Seed and early-stage startups may also be considered for direct investment by Dunnhumby Ventures, which specializes in investing in early-stage data and AI-driven retail technology developers.
Leo Nagdas, the head of Dunnhumby Ventures and corporate development at Dunnhumby, highlighted the goals of the Retail Innovation Network, which include breaking down barriers to innovation in the ecosystem and providing members with access to industry expertise and connectivity. By bringing together startups, technology partners, and industry investors, the network aims to establish a new standard for ecosystem-led problem solving.
The launch of the Retail Innovation Network signifies Dunnhumby’s commitment to fostering innovation and collaboration within the retail and consumer goods sectors. With a focus on connecting startups and industry players, this initiative is poised to drive strategic partnerships and drive innovation in the retail space.
