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10 months ago in Innovation By Email1@gmail.com

How do you systematically pick the right partner for an open innovation project?

We want to start an open innovation project but have several potential partners. How do we move beyond gut feeling and systematically evaluate which company is the best fit to collaborate with?

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By Shobha Answered 2 months ago

You need a structured evaluation framework. Score potential partners on key criteria: Strategic Fit (are your end goals aligned?), Resource Complementarity (do they have the tech or market access you lack?), Collaborative Compatibility (how do they handle IP? Is their culture a match?), and Network Position (who else are they allied with?). Tools like an Alliance Portfolio Matrix can help you visualize and compare these scores to make a data-informed, strategic choice.

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