Innovation scouting involves systematically seeking out new ideas, technologies and trends in order to gain an understanding of the external environment, and to identify opportunities for innovation. It can also be used to detect potential threats, to stay ahead of the competition, and to remain on top of the latest advancements. Innovation scouting involves continuously monitoring the external environment, researching new technologies and ideas, and proactively engaging with experts, companies, and other organizations in the sector. It is an essential tool for organizations aiming to stay ahead of the curve and to stay competitive in an ever-evolving market.