ECR Retail Loss Challenge What happened?
The overall process: how it happened ● Launched initiative on Feb 8th in Paris ● Five “sharks” identified. ● 1:1 briefings with the five sharks; What are your biggest headaches?
The briefs
The timeline
RISK PREVENTION STARTUPS & INNOVATIVE ENTERPRISE SOLUTIONS
ADJACENT INDUSTRIES
PHASE 3
PHASE 2
PHASE 1
Search focus
UNIVERSITIES & RESEARCH
The journey INBOUND/OUTBOUND:
THE LONG LIST
THE MEDIUM LIST
500,000+
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20 APPLICATIONS CO:CUBED DATABASES VCs, ACCELERATORS ETC EXPLORING ADJACENCIES ENGAGING UNIVERSITIES
SHORTLISTING:
200
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REVIEWED FOR BRIEF FIT, SCALABILITY AND INNOVATIVENESS RANKED GREEN / AMBER / RED TO STREAMLINE DECISION MAKING
FINAL CUT:
FINAL
20
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SHOWCASE BROAD VARIETY OF SOLUTIONS ALIGNED ACROSS JUDGES, WITH AT LEAST ONE COMPANY YOU’D BE INTERESTED IN PILOTING
Brief one
FRICTIONLESS CHECKOUTS
Smart shopping carts
Amazon Go enablers
Mobile self checkout
Biometric payments
Brief two Hot products
PRODUCT SECURITY
Tagging
Video analytics
Brief three
FRICTIONLESS COLLEAGUE CHECKOUTS SAFETY
Employee training
Wearables
Smart monitoring
Behaviour recognition
Brief four
Story telling & resource planning
FRICTIONLESS LEVERAGING COLLEAGUE CHECKOUTS SAFETY DATA
Stock detection
Risk prediction
Big Data analytics
Brief five
PRODUCT BETTER COLLABORATION SECURITY
Collaborative platforms
Case builders
Top 20 join for speed-dating 60 retail leaders meet 20 innovative startups across all five briefs.
Startup speed dating feedback ● Start ups very happy with the quality of delegates ● Found value in meeting both existing and new clients ● Over a third made 5 or more strong leads ● 100% of respondents would take part in the process again ● Opportunity to network informally at drinks well received ● Venue and logistics could be improved
Top five final pitch session
The chance to pilot with 5 major retailers