The Framework provides a step-by-step guide on how corporates can engage in open innovation and reach effective solutions. It is divided into 4 key phases – challenge definition, scoping, engagement, and collaboration – each of which are broken down further into 8 levels with associated actions. This shared process creates a common understanding of open innovation between corporates and innovators, increases transparency, and enables more efficient and timely engagements.
The hope is this will stimulate the built environment sector to bring sustainable innovations to market and help tackle the climate crisis.
Below is the recording of the Reimagining Real Estate Future Prop Tech event in which we launched the Open Innovation Levels Framework: