Background
In a changing economic landscape, the health sector is also the sector that invests the most in its research. Among leading figures in this sector, this French company expects its new Open Innovation program to explore new growth engine.
Challenges
Wavestone and its client worked together to meet three major challenges:
- Develop fast RDI programs (5 years) to balance a typical long-term (and then risky) RDI portfolio,
- Leverage transdisciplinary collaborations to take advantage of unique areas of expertise and cutting-edge technologies of other business sectors,
- Reposition the company at the center of an innovative ecosystem and build vibrant relationships with universities, start-ups, and end-users in France and abroad.
Responses and Key Success Factors
By mobilizing consultants with years of experience in complex scientific research and innovation, as well as the related funding and R&D management issues, Wavestone:
- Identified which of the company’s assets (patents, areas of expertise, continuum of business lines, etc.) may reveal strong economic and technological opportunities,
- Developed, tested a new service offering and ensured acceptance by partners, students and start-ups in healthcare and related business sectors,
- Defined valuation models guaranteeing an ROI in line with the company’s economic requirements.
