Overview

Many top companies are moving to a more open form of technology and product development in which they leverage technical capabilities developed in other sectors or industries to address their own internal needs. Going outside can both speed up and improve technical development, free up scarce internal resources for other high-impact activities, and lead to greater innovation. The key is being open and knowing where to look, how to qualify, and how to apply new externally-developed technologies for rapid commercialization – at a profit to your firm. Rather than relying on ad hoc and sometimes haphazard approaches to technology sourcing, many firms are adopting formal Technology Scouting programs to provide a structured, focused approach to identifying and acquiring new technology. This presentation by Technology Scouting expert, Dr. Jay Paap, presents an overview of the major features, rationales and tips and techniques related to Technology Scouting. Click here to download the presentation slides and then download the text transcript of Dr. Paap’s talk below.
(24 pages)

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