yet2.com
yet2.com is a private open innovation and technology scouting consultancy serving Fortune 500 enterprises globally. It combines a proprietary 5M+ record data lake, the Expert Relationships Network (ERN™) with 17,000+ connections, and AI-assisted expert discovery to identify, evaluate, and facilitate external technology partnerships, licensing deals, and open innovation programs across multiple industries.
- Company typePrivate
- Founded2003
- HeadquartersNeedham, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What yet2.com does
yet2.com, Inc. is a privately held open innovation and technology scouting consultancy founded in 1999 (one source records 2003) and headquartered in Waltham, Massachusetts, with additional offices in Liverpool and Nottingham (UK) and Tokyo (Japan). The company serves Fortune 500 and large multinational clients across consumer healthcare, food and beverage, chemicals and materials, aerospace and defense, agriculture, technology, and energy, helping them identify, evaluate, and acquire external technologies, experts, and innovation partners. Named clients include NASA, Haleon, PepsiCo, Mondelēz International, Nomad Foods, Syngenta Group, and Solventum.
yet2's service portfolio spans near-term and long-term technology scouting, open innovation consulting with deal facilitation and training, managed open innovation portals, technology licensing, and patent transactions, with sub-services including expert search and contract manufacturing search. The core technology stack is the Expert Relationships Network (ERN™) — an AI-assisted discovery platform layered over a proprietary data lake of more than 5 million records spanning startups, CDMOs, regulatory data, and funding sources, combined with 17,000+ curated expert and ecosystem relationships built over 25+ years. yet2 explicitly positions its offering as AI-enhanced with human verification rather than AI-automated.
Revenue is generated through a mix of professional services fees (scouting and consulting engagements), managed services (innovation portals), licensing and royalty arrangements, and transaction-based fees on patent deals. The company operates an enterprise field-sales go-to-market motion targeting large multinational clients, supported by thought leadership content (blog, whitepapers, eBooks), industry event presence (Innovation Roundtable Summit), and government program execution (NASA NOIS contracts, Bureau of Reclamation and NIH prize challenges). Headcount is reported at 11–50 employees.
yet2.com firmographics
Firmographics- Name
- yet2.com
- Legal name
- yet2.com, Inc.
- Website
- https://yet2.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- yet2.com is a private open innovation and technology scouting consultancy serving Fortune 500 enterprises globally. It combines a proprietary 5M+ record data lake, the Expert Relationships Network (ERN™) with 17,000+ connections, and AI-assisted expert discovery to identify, evaluate, and facilitate external technology partnerships, licensing deals, and open innovation programs across multiple industries.
- Ownership category
- akta.pro rank
yet2.com industry classification
Industry- Product category
- Innovation Consulting
- NAICS
- Custom Computer Programming Services (541511)
- akta.pro primary industry
- Software Engineering & Application Development Training (Languages, Frameworks, Testing) (BPAEANAI)
- akta.pro secondary industry
- Consultative Selling & Discovery (EDABABAC)
Keywords
Where yet2.com is headquartered
LocationHeadquarters
- HQ city
- Needham
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
yet2.com business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Technology Scouting & Strategy Consulting: yet2 provides near-term topic-specific scouting and long-term technology scouting services, helping clients identify opportunities and threats from emerging technologies. The company charges consulting fees for these expert services.
- Open Innovation Consulting & Deal Facilitation: Direct deal facilitation support and open innovation training services to help clients integrate external innovation into their business operations.
- Open Innovation Portals: yet2 builds and manages open innovation portals for clients, facilitating submissions of technology solutions and innovation proposals.
- Technology Licensing: yet2 facilitates technology licensing transactions, connecting technology owners with potential licensees and earning transaction or success fees.
- Patent Transactions: Services related to buying and selling patents and intellectual property assets.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
yet2.com product offering
Product offeringCore offering
yet2.com provides open innovation consulting and technology scouting services to enterprise clients worldwide. The company identifies, evaluates, and facilitates external technologies, startups, and experts on behalf of Fortune 500 clients, manages open innovation portals, and supports technology licensing and patent transactions across multiple industries including healthcare, consumer goods, food & beverage, chemicals, and aerospace.
Product overview
yet2 is an Open Innovation & Technology Scouting consultancy offering a comprehensive suite of services to help organizations harness external innovation. The portfolio includes Near-Term and Long-Term Technology Scouting services for identifying technology opportunities and threats; Open Innovation Consulting with Full-Cycle Deal Facilitation and Training; Open Innovation Portals for managing external submissions; Technology Licensing and Patent Transactions services. The company also offers specialized Expert Search and Contract Manufacturing Search capabilities. At the core of the offering is the Expert Relationship Network (ERN™), an AI-powered expert discovery platform that combines 25+ years of technology scouting data, human verification, and relationship management to connect clients with relevant experts. The services are designed to work both independently and as an integrated innovation strategy solution.
Differentiator
Problem solved
Functional benefit
Brands
- ERN™ (Expert Relationships Network): yet2's Expert Relationships Network service for scouting hard-to-find expertise, building trusted relationships, and connecting organizations with the right talent at the right time.
Products and services
- Near-Term Topic-Specific Scouting A focused, efficient technology scouting service tailored to specific client needs and timelines, providing deep anonymous outreach across technologies, startups, and innovations to deliver actionable insights for enterprise decision-making.
- Long-Term Technology Scouting & Strategy Strategic service designed to help clients stay ahead of emerging technology trends by identifying opportunities and threats that will shape their industry in the future.
- Open Innovation Consulting Strategic consulting offering expertise and guidance for integrating external innovation into business operations, including direct deal facilitation support and open innovation training.
- Open Innovation Portals Managed platforms built and operated on behalf of client enterprises to collect and manage external innovation submissions, including needs writing, submission forms, FAQs, legal waivers, and process flow management.
- Technology Licensing Service that facilitates the licensing of technologies, connecting technology owners with potential licensees and managing the transaction process for clients.
- Patent Transactions Service for managing patent transactions, including buying, selling, and licensing of patent portfolios on behalf of technology owners and acquirers.
- Expert Search Identification of hard-to-find technical experts and specialists for specific innovation and technology challenges, powered by yet2's Expert Relationship Network.
- Contract Manufacturing Search Expert search service to identify and evaluate contract manufacturing organizations (CDMOs) that meet specific client production requirements.
- Full-Cycle Deal Facilitation End-to-end deal facilitation support for open innovation transactions, from initial outreach through to transaction completion.
- Open Innovation Training Training courses designed to share open innovation best practices and make client teams more effective at executing open innovation initiatives.
- Expert Relationship Network (ERN™) A dedicated expert relationship service combining 25+ years of global technology scouting, an AI-powered expert discovery platform, PhD-level science team expertise, and access to yet2's Fortune 500 innovation ecosystem to identify and connect clients with hard-to-find technical experts.
- Innovation Tours & Virtual Hubs Immersive innovation experiences and virtual collaboration spaces designed to help clients discover emerging technologies and connect with innovators in targeted ecosystems.
Quantifiable outcome
- 107 technologies evaluated with 4 intro calls and 1 joint development agreement for a polymers innovation client
- +3 more outcomes
Companies that use yet2.com
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles3 records
yet2.com technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature2 records
yet2.com partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- BoostcoreBoost, a leading management consulting firm specializing in transformative reinvention, partnered with yet2 to deliver unmatched strategic innovation and solutions. The partnership combines Boost's management consulting expertise with yet2's global expert technology scouting capabilities.
- NASAcoreyet2 has worked with NASA on more than 50 technology scouting projects. yet2 was selected as awardee for NASA's third NASA Open Innovation Services (NOIS3) crowdsourcing contract. yet2 supports NASA's RFP processes and has uncovered strong partnering candidates for space exploration needs.
- Mondelēz Internationalcoreyet2 partners with Mondelēz International to identify startups for their CoLab Tech accelerator program. yet2 has helped identify and select startups with innovation relevant to snack and consumer goods development.
- Syngenta GroupcoreSyngenta launched Shoots by Syngenta innovation accelerator platform with yet2's support. yet2 helps Syngenta expand collaborations for innovative scientific and technological solutions in agriculture.
- Nomad Foodsminoryet2 facilitated Nomad Foods' partnership with BlueNalu for sustainable food innovation, resulting in 87 introductions and sample evaluations.
- Wave Domainminoryet2 initiates licensing of Wave Domain's WORF (Write Once, Read Forever) permanent archiving technology, engaging with the world's leading data storage and archiving companies to facilitate licensing.
- TEAMERminoryet2 shares information about TEAMER's marine energy commercialization opportunities, supporting testing and commercialization for marine energy technology.
- Bureau of Reclamationminoryet2 runs prize challenges for the Bureau of Reclamation, including aquatic invasive species prevention and inland desalination concentrate management challenges.
- National Institutes of Health (NIH)minoryet2 provided strategic input in designing the NIH data-sharing prize challenge, helping shape how researchers share data.
- SWAP (Kisumu County Government, KMFRI)minoryet2 partnered with SWAP in Kenya for clean water initiatives, giving back to communities that play a vital role in their innovation projects.
- Braid Theory / The Continuumminoryet2 shares opportunities from The Continuum Ocean Enterprise Accelerator, a 90-day program supporting ocean data technologies and services aligned with NOAA's Ocean Enterprise initiatives.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
yet2.com competitors and assessment
Company assessmentDirect peers
- NineSigma: NineSigma provides open innovation and technology scouting services to large enterprises, including technology needs assessment, supplier identification, and expert networks — directly overlapping yet2's core scouting and deal facilitation offering.
- InnoCentive: InnoCentive runs crowdsourced open innovation challenges and expert networks for enterprise R&D, comparable to yet2's crowdsourcing contracts (e.g., NASA NOIS3) and Expert Relationships Network.
- IdeaConnection: IdeaConnection operates an expert network and open innovation platform connecting enterprises with technical experts and solvers — directly comparable to yet2's expert search and scouting services.
- Wazoku: Wazoku is an innovation management software platform (acquired InnoCentive in 2021) used by enterprises to crowdsource ideas and manage innovation pipelines — competing with yet2's open innovation portals and scouting offerings.
- Brightidea: Brightidea provides innovation management software for idea crowdsourcing, evaluation, and pipeline management — comparable to yet2's open innovation portal service and broader innovation strategy work.
- HYPE Innovation: HYPE Innovation offers enterprise innovation management software including idea management and trend scouting — overlapping with yet2's long-term technology scouting and strategy service.
- ITONICS: ITONICS provides innovation management software for trend scouting, technology radar, and idea management — comparable to yet2's emerging-technology identification and innovation pipeline services.
- Spigit (Planview IdeaPlace): Spigit, now part of Planview, offers enterprise innovation management software for crowdsourcing and idea evaluation — directly comparable to yet2's open innovation portal and crowdsourcing offerings.
- Planbox: Planbox is an AI-powered innovation management platform for enterprise idea management and crowdsourcing — competing with yet2 in open innovation portal deployments.
Broad incumbents
- Innosight (Huron Consulting): Innosight, now part of Huron Consulting, is a strategy and innovation consultancy serving Fortune 500 clients — operates in the same enterprise innovation strategy space as yet2 but with a much larger bench and broader service portfolio.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks4 records
Key highlights7 records
Customer concentration
yet2.com social profiles
Digital presenceyet2.com financial estimates
Financial estimateRevenue estimate
Valuation estimate
yet2.com leadership team
Management profileNumber of profiles
Profiles6 records
yet2.com funding detail
Funding detailFunding overview
Funding rounds1 record
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
yet2.com M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about yet2.com
What does yet2.com do?
yet2.com provides open innovation consulting and technology scouting services to enterprise clients worldwide. The company identifies, evaluates, and facilitates external technologies, startups, and experts on behalf of Fortune 500 clients, manages open innovation portals, and supports technology licensing and patent transactions across multiple industries including healthcare, consumer goods, food & beverage, chemicals, and aerospace.
Is yet2.com a public or private company?
yet2.com is a private company. It is classified as unknown and is currently operating.
When was yet2.com founded?
yet2.com was founded in 2003. It employs 11 to 50 people.
Where is yet2.com based?
yet2.com is headquartered in Needham, United States, in the North America region.
How does yet2.com make money?
Five revenue lines are on record. Technology Scouting & Strategy Consulting is the primary driver. The others are open Innovation Consulting & Deal Facilitation, open Innovation Portals, technology Licensing and patent Transactions.
Who are yet2.com's main competitors?
Direct peers on record are NineSigma, InnoCentive, IdeaConnection, Wazoku, Brightidea, HYPE Innovation, ITONICS, Spigit (Planview IdeaPlace) and Planbox. Innosight (Huron Consulting) is listed as a broad incumbent.
Does yet2.com have an API?
No public API is recorded for yet2.com.
What industry is yet2.com in?
yet2.com's product category is Innovation Consulting. Its primary akta.pro industry code is BPAEANAI, Software Engineering & Application Development Training (Languages, Frameworks, Testing), with a secondary code of EDABABAC, Consultative Selling & Discovery. Its NAICS code is 541511.