Startup Scouting Package
The first step is always to gain a common understanding of innovation needs and objectives.
Innovation needs and objectives are defined through workshops and interviews together with top management, R&D or innovation departments. We map a profile of startups, based on which NVS conducts an Open Innovation search process with the goal of identifying startups within the agreed filter. The search encompasses relevant online and offline sources, expert interviews and related networks.
The startups are rigorously screened according to set criteria and filtered in order to provide a structured and systematic overview to our clients.
Open Innovation means that companies deliberately make their boundaries more permeable for innovation processes, thus bringing in new knowledge from outside the organization.
Global networking is considered to be a key success factor for open innovation, as it enables people and organizations to exchange knowledge across geographical and industry boundaries. Investments in purely in-house development processes (closed innovation) are thus losing ground.
For organizations, open innovation means
- the systematic search for and integration of external innovation sources, such as users, universities, suppliers or competitors (outside-in open innovation). In recent years, open innovation has become increasingly important, especially given the success of crowdsourcing, open source software, mass customization and user communities, to name just a few examples.
- accessing new markets on the basis of leveraging existing competencies in the company through out-licensing, joint ventures or spin-offs (inside-out open innovation).