As indicated in the spreadsheet, some of the strongest competitors to Iterate include Ten of ProoV, KITE, Agorize, CODE_N, Gust, KiwiTech, EntrepreneurGlobal Country, Start-Up Nation Central, SwitchPitch, and Capital Pilot. Below is a methodology that we used to select these companies.
Our first strategy was to learn more about the products and services offered by Iterate. We then used the competitive analysis presentation provided by the client to serve as a foundation to compare my findings. Additionally, we looked at industry databases and start-up based websites for other businesses with similar services. As such, we selected the list of direct competitors based on the services they offer, the role they play in ensuring the success of a startup, and the provided analysis as a point of reference. We have presented these based on the level of similarities of their services to those offered by Iterate.
STRONG COMPETITORS TO ITERATE
The company has similar features as Iterate, such as Evaluate and Explore. These services examine applicable opportunities for their clients, monitor specific KPIs as defined by clients, and search for potential vendors. ProoV’s Lab is similar to the Educate and Execute services offered by Iterate since these allow for in-depth testing of concepts, and this provides valuable feedback.
The KITE platform offers real-time analysis of current trends and what is hot relating to the market the client wants to enter. Additionally, it has a collaborative system which allows innovators to partners with startups and provides valuable feedback which is used to educate the client on the progress of their project.
The company operates on a challenge-based system whereby clients create challenges that bring together remote participants to enable them to solve problems, improve concepts, and develop new technologies. Based on this team environment, the company helps its clients to meet their goals.
The company acts as a mentor and supports startups with innovative products whereby it partners with them and provides them with spaces to work in and access to international technology statistics. As such, they can easily test and collaborate on their ideas. Most importantly, it works directly with various clients to gain helpful insights from industry leaders, gain access to key data, and provide areas to test their products.
The company partners with start-ups and provides them with access to various services and resources. In addition to offering its clients with critical data, it also has a guidance system that provides them with the best strategy to present their ideas and break into the market.
This company gives its clients access to a large amount of industry pertinent data, which ensures they are always aware of new trends and insights in the market. It also provides an in-depth analysis of the future landscape that clients are seeking to enter.
START-UP NATION CENTRAL
This Israeli-based company helps Israeli innovators to connect with powerful and established firms, thereby enabling them to enter tough markets. It provides startups with testing opportunities, industry insights, and guidance. As such, the main focus of the company is facilitating collaboration between entities and start-ups.
The company has developed an intelligent algorithm that groups startups and various ‘tags.’ These tags are the basis by which these companies are identified by large companies that are seeking for startups to finance. Its dashboard has similarities to Iterate, and these include an overview of the specific ecosystem, results from PoC testing and outlooks on the intended usage of the various startups.
The company provides a platform for startups to locate and receive venture capital. This is because it gives startups access to administrative creators, legal experts, and investors who help build the relationship between the startup and investors.
This company helps startups to acquire funding by offering continuous guidance and support to them. It then sources for investors for such startups that will guarantee the commercialization of their inventions.