Kurt Scherer joined C5 Capital in September as part of the firm’s leadership focused on all operational aspects of the C5 family. Previously, Kurt served as the Director of Booz Allen’s DC Innovation Centre and its national innovation hub network where he led Booz Allen teams, alliance partners, entrepreneurs, and other members of a broad innovation ecosystem to increase the flow of the right ideas, talent, and technologies to solve complex mission and business problems.
As a judge on this year’s Shield in the Cloud panel, Kurt talks to us about the relationship between technology and anti-corruption, and what he will be looking for in this year’s competition
How do you understand the relationship between technology and anti-corruption efforts?
The extent to which technology has entered our lives over the last ten years – both in work and at home – is amazing. But we must always remember technology is merely an enabler, and this is certainly the case with anti-corruption. The incredible developments in data analytics, computer power, and data collection have created opportunities and enabled solutions for highlighting and solving critical corruption challenges, that just would not be possible without that technology.
What are the benefits of a tech-based approach?
As an enabler, a tech-based approach allows for a faster, cheaper, and more complete solution to be developed. It also enables a broader and more diverse team to engage in solving the problem. Connectivity, communication, and engagement have never been as strong as they are now, and this ability to bring multiple stakeholders together is a major driver in anti-corruption efforts.
What defines success in the fight against corruption?
Belief, conviction, and resilience. The fight will never be over, but we can make progress, and we must never stop fighting.
As a judge for this year’s Shield in the Cloud challenge, is there anything you will be looking for in particular?
I am honoured to be a judge for this important event. I am anticipating bold, innovative ideas that are backed by passionate founders. If a team has an idea, believes in itself, and can make the case as to why their idea and their team have a unique solution and/or business model that solves a pressing need, that hits the sweet spot. I know this process, which will culminate in the Shield in the Cloud Gala on the 20th March, is an extremely special and highly relevant opportunity for teams from all over the world, and I can’t wait to meet the innovators who will come to present their ideas to us.