Dunnhumby, a global leader in Customer Data Science, and its corporate venture capital arm, Dunnhumby Ventures, have announced the launch of the Retail Innovation Network. This initiative aims to foster collaboration and accelerate innovation within the retail and consumer goods technology sectors. The Retail Innovation Network provides a strategic platform for early-stage startups, enterprise partners, and investors to forge alliances and co-develop solutions.
Leo Nagdas, Head of Corporate Development and Dunnhumby Ventures, highlighted the Network’s dual objectives: breaking down innovation barriers in the ecosystem and leveraging decades of industry expertise across Dunnhumby and its partners. By integrating the creativity of startups, the operational insights of technology partners, and the financial backing of industry investors, the initiative aims to set a new standard for collaborative problem-solving.
Startups, established enterprises, and venture investors are invited to apply through Dunnhumby Ventures’ submissions site. Membership is complimentary and offers access to exclusive events, Dunnhumby’s expert network, and potential funding opportunities from Dunnhumby Ventures and its partners. Dave Clements, Chief Strategy Officer, emphasized the expansion of their established retailer network into a Retail Innovation Network, connecting cutting-edge technologies with retail expertise worldwide.
The program’s inaugural invitation-only meeting is scheduled for summer 2024 in Bentonville, Arkansas, underscoring Dunnhumby’s commitment to driving innovation and enhancing customer experiences in retail.
Vincent Diguet, Global Managing Director at Dunnhumby, expressed pride in launching the program in Bentonville, emphasizing its role in fostering integrated workflows and exceptional customer experiences. Interested parties can learn more and submit inquiries about Dunnhumby Ventures and the Retail Innovation Network at https://www.dunnhumby.com/about-us/dunnhumby-ventures/.
