SIG Innovation Accelerator Opens Next Cohort

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Initial Accelerator event included 50 senior procurement executives

SIG announces the second Accelerator cohort

We are excited to continue bringing SIG members innovation that helps them capitalize on rapidly advancing technologies and their resulting products.

The SIG Innovation Accelerator (SA), which empowers the leaders of major buy-side companies and providers of innovative products to create the future of Procurement, and SIG, the premier membership organization for sourcing, procurement and outsourcing executives, today announce the opening of the application period for SA’s second Accelerator (Accelerator II) cohort of emerging products based on advanced technologies. SA’s mission is to help Fortune 500 (F500) procurement leaders stay at the forefront by deploying new solutions that have the potential for extraordinary financial and risk management benefits. All categories of applicable products are encouraged to apply.

In conjunction with its Leadership Council, comprised of F500 procurement executives, SA will select four to six additional products for Accelerator II. These companies will present during SIG’s October 2018 Summit to procurement executives who have a high level of interest in innovative Source through Supply Chain products. Following October’s Summit, SA will work with selected companies to accelerate their access to SIG’s interested members, facilitate communications and advance the cycle for product refinement and potential sales.

Emerging products may be provided by younger to mid-stage companies that forecast at least $1 million in sales during the next year or by longer-established companies that are bringing a new product to market.

The products within SA’s initial Accelerator cohort—provided by FairMarkIT, Seal Software, Suplari and Tealbook—were announced in March 2018 to over 50 procurement executives, and are making considerable progress within the SIG community.

SIA is a partnership of Sourcing Industry Group (SIG) and Creatze, which provides a portfolio of innovation services and is led by Barry Wiegler, founder and former CEO of SIG. “The response to our first Accelerator event was overwhelming,” says Wiegler, President and CEO of the new SIG Innovation Accelerator. “We are excited to continue bringing SIG members innovation that help them capitalize on rapidly advancing technologies and their resulting products.”

About SIG
SIG, is a membership organization that provides thought leadership and networking opportunities to executives in sourcing, procurement and outsourcing from Fortune 500 and Global 1000 companies and the advisors who serve them. SIG is widely known as a forum for sharing “next” practices and thought leadership through live networking events, virtual forums and a comprehensive online SIG resource center (SRC), which was developed by and for professionals in sourcing and outsourcing. The organization is unique in that it blends practitioners, service providers and advisory firms in a non-commercial environment. SIG is also the parent organization for SIG University, a one-of-a-kind certification and training program for professionals and executives seeking deep expertise in sourcing and governance for themselves or their teams, as well as Outsource, which provides unrivaled digital content for the opinion-formers and decision-makers at the heart of the outsourcing space.

About Creatze
Creatze, helps companies create, develop, transform and sell innovative products based on advanced technologies. The Creatze team also helps major corporations successfully capitalize on innovative products, including facilitating co-innovation between buy-side companies and their major suppliers.


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