Business-Oriented Open Innovation Specialized in Chemicals
What Are Open Innovation Key Factors Of Success?
Frame effective Request For Proposals (RFP)
RFP framing is absolutely critical to a successful Open Innovation process
The quality of the responses you will receive vastly depends on the quality of the RFP
To be effective, an RFP must:
Correspond to your exact need
Be as specific as possible
Be understood by the network who will respond to it
Try to remain realistic on what is scientifically achievable or not
Select the right networks
We would recommend people considering Open Innovation to use specialized networks instead of general network
Networks to be used depends on what you are looking for
Some Open Innovation specialists tend to prefer business networks instead of academic networks as they bring shorter term results, a greater proportion of ready-to-use proposals
For short term needs and ready to use solutions business networks are generally preferred
Plan time and resources
Open Innovation is not a magic process!
Without time and dedicated resources, the chances of coming to real innovation or simply do business, remain low
You need to plan enough time to correctly frame your RFP, to screen the proposals you will receive and to contact the respondents
Keep an open mind
Be prepared to fight the "Not Invented Here Syndrome" of some people
Always look for win-win situations with the respondents
There are efficient ways to protect IP: do not over-estimate the importance of IP but do not overlook the IP questions
Use patent attorneys that are familiar with Open Innovation: you will save time, money and learn a lot
Several trials of open Innovation networks like SpecialChem's are often necessary to start to master the process and encounter first notable successes
