Scaleup Works with Fortune 200 Enterprises to Scale Diverse-Owned Businesses

Scaleup works with corporate customers to close the $300 billion gap in committed spend to diverse suppliers.
Scaleup enables procurement and supplier diversity leaders to accelerate the growth of their critical diverse suppliers. The result is reduced risk and higher sustainability for the enterprise’s supply chain. Additionally, enterprises that leverage Scaleup’s platform increase the ability to meet their goals to spend with diverse-owned businesses. This tech start-up was founded by three innovators who incubated the company while at Amazon. With a commitment to closing the U.S. wealth gap through more equitable commerce, Scaleup is thrilled to share the following updates and milestones.

What’s New With Scaleup
After emerging from Amazon as an independent entity in January 2023, Scaleup partnered with some of the world’s largest enterprises and launched a service designed to accelerate growth for up to 10 of their highest-potential, diverse suppliers. 

A core component of this service is the Scaleup Readiness AssessmentTM (SRA), a proprietary approach to measure a supplier’s development in key functional areas needed for scaling. Beyond the assessment, the SRA is a supplier management tool that identifies gaps and capabilities in need of strengthening to help the supplier scale faster. Scaleup’s initial cohorts are nearing capacity; however, participating enterprises will receive early access to this tech-enabled tool that will dramatically decrease supplier vetting time and increase supplier confidence.

If you’re attending the 2023 NMSDC Annual Conference & Exchange, you’re invited to get an early look at this tool by simply scheduling a 15-minute demo at your convenience.

Fortune 200 Enterprises Join Scaleup
There is a $300 billion gap between what Fortune 1,000 corporations and government agencies currently spend with diverse suppliers and what they plan to spend by 2025 – and that gap is growing. The truth is, there just aren’t enough diverse suppliers at the scale needed to meet the planned spend and close the gap.

Scaleup has partnered with procurement and supplier diversity leaders across the private and public sectors to create more $100 million diverse suppliers. Each of these organizations is committed to closing the gap, and agree that resources must be deployed to diverse suppliers who are ready to scale.

By investing resources together, this partnership is:

• Creating more diverse-owned businesses with significant scale
• Reducing enterprise-wide supply chain risk through rigorous supplier assessment and management
• Meeting promised spend to diverse suppliers and generating more equity through commerce

The industry leaders working with Scaleup to develop its platform include: Capital One, Cisco, CVS Health, JPMorgan Chase, a Fortune 100 technology company, and a host of other corporate supplier diversity champions.

A Stellar Board of Directors
Two titans who represent both sides of the commercial relationship between enterprise buyers and suppliers have committed to the mission of creating more $100 million diverse suppliers by joining Scaleup’s Board of Directors:

Janice Bryant Howroyd: Renowned for her visionary leadership in building the largest woman-owned workforce management company and standing as the first Black woman to own a billion-dollar business, Janice Bryant Howroyd brings a wealth of experience and insight to the board. She is Founder and Chief Executive Officer of The ActOne Group, which – as a result of stellar delivery to its enterprise customers and consistent adherence to international standards of governance – maintains membership in the National Minority Supplier Development Council’s Corporate Plus program. Her understanding of how to develop global supplier diversity strategies and build a billion-dollar business will be instrumental in shaping Scaleup’s future.

Jose Turkienicz: With a remarkable track record in procurement, supply chain management, real estate, global business and customer service, Jose Turkienicz brings a unique perspective to our board. He currently serves as Chairman of the Board of Directors for the National Minority Supplier Development Council. During his time as President GBS and Chief Procurement Officer for UPS Inc. from 2017 to 2023, he delivered billions in P&L value in addition to improving customer service. He also served as Head of Global Procurement for Aramark and VP of Global Procurement for Campbell Soup Company in addition to several roles at Mars, Inc. His expertise will help drive Scaleup's strategic value to large enterprise customers.

Connect with Scaleup at the 2023 NMSDC Annual Conference & Exchange
Scaleup invites you to connect during the 2023 NMSDC Annual Conference & Exchange in Baltimore, Maryland, from October 22 through October 25. To schedule a meeting during the event, please schedule time here or email Brandi Neloms, head of customer experience, at [email protected].