Funding innovation through public procurement

For many small and medium sized companies, the cost of engaging and participating in innovation procurement can be high, and thus participation can feel risky. But for the companies that take the chance, there is great potential to get a first contract for their innovative solutions. However, an important factor for this to happen is that there are procuring authorities who understand that they can use their own demand as a driving force for innovation. But even so, how do you get involved as a company and how can you afford to develop products when the need of the buyer is not decided?

In this webinar, Ms Carolin Maule from Compare present how an innovation procurement can be designed in a way that optimizes the benefit for both the procuring authority as well as the participating companies by using remuneration of the participating companies as an incentive. In this way,…