Join us for an informative session on the SCALE Challenge, organized by the Center for Advancing Innovation and the Walton Family Foundation with Founder + CEO, Rosemarie Truman.
What is the SCALE Challenge?
The SCALE - Supply Chain and Logistics Enterprises - Challenge is an open innovation contest to disrupt the supply chain and logistics industry sector. Supported by the Walton Family Foundation, the SCALE Challenge will launch 20+ companies around inventions with potential for near-term impact and plant them in Northwest Arkansas, home to three Fortune 500 companies and ranked among the top five best places to live in the nation by U.S. News and World Report for the last four years. As with CAI’s prior challenges, teams will advance promising de-risked inventions selected with rigorous due diligence by potential investors and industry experts. Teams may also enter with their own commercially viable inventions. CAI invites anyone to submit an idea with the potential to impact supply chains. An expert judging panel will select 20 winning teams. The SCALE Challenge winners will be recognized at an awards ceremony in Northwest Arkansas, where they will demonstrate their solutions and pitch for seed funding at an investor forum. With guidance from CAI, the SCALE Challenge winners will form their start-up companies and pursue licensing.
About Rosemarie Truman:
Rosemarie Truman is an entrepreneur, growth strategist, distinguished corporate executive, angel investor and prolific startup catalyst. Currently, Rosemarie is the Founder and CEO of the Center for Advancing Innovation (CAI), a 501c3 non-profit which has been coined “Tinder for Startups” and “Shark Tank on Steroids.” CAI’s mission to identify breakthrough inventions and maximize their commercial potential. Under Rosemarie’s leadership, CAI has earned numerous awards and recognition from Health and Human Services, the White House, the Federal Laboratory Consortium and more. CAI has also been featured in the Washington Post, Wired, Huffington Post, Nature, and several other publications. Rosemarie also serves as Director of the DC-metro chapter of the Founder Institute, the world’s largest startup accelerator program.Rosemarie’s specialty is growth and investment strategy, having led growth strategies for 50 of the global Fortune 100 companies in over 15 countries. The strategies that Rosemarie led have resulted in $300+ billion in “net new” top line yearly revenue and 190+ new products on the market.Prior to launching her own firm, Rosemarie spearheaded IBM’s Innovation strategy practice globally. At IBM, she was awarded IBM’s most laudable honor, the Golden Circle Award. In addition, she has also held notable leadership roles at Booz Allen Hamilton, Oracle, PRTM, and Marsh & McLennan, where she served as VP of global strategy. Rosemarie began her career at Goldman Sachs. Her core competencies are in leadership, strategy consulting, investment banking and entrepreneurship.In her spare time, Rosemarie also writes for Forbes and sits on company boards.
Walton Family Foundation – Sponsor of the SCALE Challenge
The Walton Family Foundation is, at its core, a family-led foundation. The children and grandchildren of our founders, Sam and Helen Walton, lead the foundation and create access to opportunity for people and communities. The Walton Family believes the best ideas can come from anywhere, so they stay open to new thinking from all over, partnering with those who are closest to the problem because they’re usually closest to the solution.
The Center for Advancing Innovation – Organizer of the SCALE Challenge
The Center for Advancing Innovation is a 501C3 public-private partnership based in the Washington DC area that identifies federally-funded breakthrough inventions and maximizes their commercial potential. CAI has unprecedented access to more than 170,000 inventions given 80+ agreements across the federal labs, universities and hospitals. In addition, CAI has created a proven, prestigious award-winning challenge-accelerator model with significant, prominent recognitions by the White House (as part of Startup America), three prestigious awards from Health and Human Services and the Federal Laboratory Consortium as well as many notable endorsements from several other reputable media outlets such as the Washington Post, Chicago Tribune, Nature, Huffington Post, Wired, etc. The challenge has proven highly successful as it provides a robust, tailored training program and a super-charged, world-class mentor ecosystem to catalyze and hyper-accelerate the growth of “gazelle” high-impact companies. CAI’s prior challenges were the catalyst for 280+ startup companies and created over thousands of knowledge-based jobs. The challenges engaged 1,500 people, 120+ Universities and businesses and advanced 26 promising NIH inventions.