# yet2

> yet2 is an open innovation and technology scouting firm that helps large corporations find external technologies, partners, and ideas to accelerate their R&D pipelines. Since 1999 it has run an online technology marketplace and a hands-on consulting practice that scouts, vets, negotiates, and closes technology deals across industries from chemicals and consumer health to aerospace and electronics. With offices in North America, Europe, and Asia, yet2 connects its corporate clients to a global network of innovators and a database of millions of technologies and unmet needs.

- **Founded:** 1999
- **Headquarters:** Waltham, Massachusetts, United States
- **Founders:** yet2.com founding team (backed by corporate and VC investors) (Founders, 1999)
- **Team size:** ~46 employees
- **Products:** Technology Scouting, Open Innovation Consulting, Open Innovation Portals, Anonymous Patent Acquisition, Innovation Tours & Virtual Hubs
- **Notable:** Operating in open innovation and technology scouting continuously since 1999, before the term was mainstream., Reached its 250th successful technology deal in 2024., Reports bringing clients hundreds of millions of dollars in value across hundreds of closed deals.

## Products & services

- **Technology Scouting** — Topic-specific and long-term scouting to find external technologies, companies, and partners that solve a client's defined needs.
- **Open Innovation Consulting** — Strategy, program design, and tactical execution support to build and run a company's open innovation function.
- **Open Innovation Portals** — Managed idea-submission and partner-engagement portals; yet2 launched its first corporate OI portal in 2012.
- **Anonymous Patent Acquisition** — Confidential patent and technology buying so clients can acquire IP without revealing their identity or strategy.
- **Innovation Tours & Virtual Hubs** — Curated in-person and virtual tours connecting client teams with startups, labs, and emerging technologies.
- **Open Innovation Training** — A training program distilling 25+ years of open innovation and technology-scouting practice for client teams.
- **Technology Marketplace** — An online marketplace and database connecting innovators with corporate technology needs, with 130,000+ users.

## Achievements

- Operating in open innovation and technology scouting continuously since 1999, before the term was mainstream.
- Reached its 250th successful technology deal in 2024.
- Reports bringing clients hundreds of millions of dollars in value across hundreds of closed deals.
- Won and renewed a multi-year NASA technology scouting contract (renewed 2017).
- Built a marketplace with 130,000+ users and a database of several million technologies and technology needs.
- Launched the first corporate open innovation portal in 2012.
- Reported a ~20% annual increase in deal counts.

## Latest updates

- **2024-01** — yet2 reached its 250th successful technology deal.
- **2020-06** — Launched Virtual Open Innovation Tours to replace in-person scouting trips during the pandemic.
- **2017-01** — Renewed its NASA technology scouting contract for an additional five years.

## Links

- Website: https://www.yet2.com
- LinkedIn: https://www.linkedin.com/company/yet2-com
- Twitter/X: https://twitter.com/yet2com
- Facebook: https://facebook.com/yet2/

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Profile page: https://yespress.io/yet2
Published by YesPress — https://yespress.io
Last updated: 2026-06-10