02 — Capability · BC-520.60
External Innovation & Partnerships
Reach beyond the organization's own labs for ideas and capabilities, through universities, start-ups, suppliers and customers, on terms that make the results usable.
- Open Innovation
- Research Partnerships
- Corporate Venturing
In scope
- University and institute research collaborations
- Start-up scouting and venture engagement
- Co-development agreements with suppliers and customers
Out of scope
- Negotiating and administering the resulting contracts (see BC-640)
- Equity investment governance (see BC-230)
Decomposes into · 3
- BC-520.60.10Research CollaborationSet up and run joint research with academic and institutional partners, with clear ownership of what comes out.
- BC-520.60.20Start-Up ScoutingFind and evaluate early-stage companies whose technology could become part of the portfolio sooner than internal research would allow.
- BC-520.60.30Co-Development ProgramsDevelop new materials, components or features jointly with suppliers or lead customers, sharing risk and the resulting rights deliberately.