Open innovation is a concept that assumes that if companies have to outgrow competitors they can and should use both external as well as internal ideas and follow new paths to advance their technologies. The open innovation strategy consists of networking with other companies, small and medium size enterprises (SMEs), R&D facilities, start‐up firms, individual inventors, public or private universities, research institutes, external suppliers that are also known as technology scouts.

Companies who want to engage in open innovation may have to organize licensing activities and strategic alliances with technology scouts. Often, identifying such technology scouts become difficult and finding a right partner in market is very important and time consuming first step.

Signicent can help find out such potential scouts globally or from countries of your choice using its proven research methodology and expertise so that your company can form a pro‐active intellectual property collaboration.

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