Open Innovation Search (OIS)
Detailed information
We work with you, the client, to understand the markets you serve, your strengths, weaknesses and positioning in those markets in order to SPECIFY the type of opportunities that would potentially strengthen your position or fill identifiable gaps in those markets. This results in a skillfully crafted profile of your requirements. It's not too tight that it eliminates the 'whacky' discoveries that can often 'seed and feed' your innovation process, even if you don't take them on board. But, most importantly, it will provide the focus to enable highly relevant opportunities to be uncovered by our tenacious searching in appropriate places.
Using a mixture of 'WIDE SEARCHES' via established contacts and associates around the world (most of whom we have worked with for years) plus a series of sequential 'NARROW SEARCHES' focused on agreed target areas, we generate practical options for our client. Opportunities come disguised in many ways. Some will be clear once the correct source is established whilst others need professional questioning to establish their value; we will discard some of what we see before it can ever waste your time.
Following the initial search process, we apply our experience in FILTERING the projects we find to ensure we only present the best opportunities to our client for
initial review. With our help, our client quickly (and without committing significant resource) gains experience in assessing the front runners. The client is then able, if necessary, to refine its search criteria as the search progresses. Outside of recognised technical, academic and other acclaimed R&D sources, the best opportunities may come from organisations in distant and often unconnected markets who have already developed or are evolving technology that would be of value to our client's market.
Most importantly, after SEARCHING and FILTERING, we will actively assist our client in SECURING its chosen opportunities. The continuous search and filter cycle results in a large number of opportunities being identified and investigated by us and, together with the client, we will keep filtering out the least attractive projects. From the resultant shortlist, we then start to assess the selected projects in greater detail and initiate appropriate relationships for the client with the sources in leading up to securing the final deal.
Our objective is to SECURE relevant, value-enhancing, possibly disruptive, opportunities for our clients as quickly and inexpensively as possible.
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