Community Forum – Tell us about your tech scouting spend

Resource Type
Survey (Community Forum)
Publish Date
07/02/2021
Author
Innovation Research Interchange
Topics
Technology Scouting, Alliances/Collaborations
Associated Event
Publication

Our organization is trying to understand how our peer organizations approach tech scouting with regard to % of budget spend and where the funds are spent.  Results below: 

If there is one thing you could do to improve your organization’s external innovation, what would you advise?

  • Establish a CVC
  • Professionalize external partner management = establish a dedicated unit for managing the collaborations
  • Empower individuals in different geographical zones, remove organizational bottlenecks.
  • Dedicate a small organization to the task.
  • Dedicate more resources.
  • Commit more internal resources to managing these external relationships. We have hit the capacity at what we can effectively review from what we are being passed from our partners. 
  • Increase visibility to market.
  • Obtain more business support to invest in start-ups.

Relevant IRI resources:

Tech Scouting Best Practices with Dow

Tech Scouting Toolbox

Digital Partnerships: Open Innovation through Startups 

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