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Innovation Portfolio Assessment

If you have a roster of innovation ideas in the works but don’t know where your focus should be, an iP2Biz Portfolio Assessment can help you cut through the noise to find the best candidates for further investment.

When we are engaged for an Innovation Portfolio Assessment, we use a structured method to objectively assign values and weights to your existing innovation projects. The result is a jointly-prepared, prioritized list of potential projects that can be further refined with the included iP2Biz Opportunity Assessments and IPScout products, maximizing the efficiency of your R&D spend.

An Innovation Portfolio Assessment is most valuable when you have a long list of competing ideas for projects, but differing points of view as to priorities. Our process results in ranking of the opportunities based on independent research into business conditions, research which is free from internal bias.

  • A joint effort to objectively analyze potential innovation projects.

  • iP2Biz leads a discussion of each candidate project, and the group develops a consensus rating

  • Each candidate project is rated across 6-10 categories using an ‘anchored scale’ system.  iP2Biz works with you to choose the categories before the meeting

  • Example categories for candidate projects might include:

    • Your ability to exploit the technology

    • Size of potential market

    • Time to develop

    • Complexity of the development effort

    • Group’s assessment of overall probability of success

 

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