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Seeking Partners for industry insight solution
  • Award: Collaboration with the Seeker and finder’s fee (see full Challenge for details)
  • Challenge type: Electronic Request for Partners (eRFP)
  • Challenge closed

Challenge overview

ABSTRACT

The need to gain a competitive advantage is as vital to modern business as it has ever been. Technology currently exists that allows an organization to track the behaviour of its rivals and its market, but this often requires manual oversight and takes a long time. The Seeker for this Challenge is looking for a partner with an OEM analytics solution that can be built into its existing SaaS platform. This addition will aid the Seeker’s customers by providing the ability to better understand the business landscape around them.

This solution will provide any user with information about their market, competitors, and industry trends. Examples would include automated and manual views on areas of interest and the types of content required. The aim is to help users react to an ever-changing business marketplace by delivering information and insights to keep them ahead of their competition.

Proposals would take the form of your contact information or that of someone you know who could be this potential partner. Solutions that lead to partnerships will receive collaboration with the Seeker and a higher finder’s fee ($500); shortlisted solutions (up to a total of 5) will receive a finder’s fee of $100. 

This is an electronic Request-for-Partners (eRFP) Challenge; the Solver will only need to submit a written proposal to be evaluated by the Seeker with the goal of establishing a collaborative partnership. 

 

OVERVIEW

As the world of business has moved increasingly online, the ways in which an organization can steal a march on its competitors has diversified. Historically, this was done either by becoming the most affordable option to customers or by offering products that no one else was. With the arrival of the internet came the opportunity to view a specific market or industry, to be more acutely aware of what obstacles a business faces as it attempts to become a market leader.

The Seeker for this Challenge, a global SaaS business, is looking for commercially ready OEM solutions that can provide any user with a multi-faceted understanding of the current state of their market. It should do this by providing insights into several different key areas, such as:

  • New Entrants or Disruptors (startups, scaleups)
  • Competitive Landscape (where is the competition investing?)
  • Technology
  • Areas of academic research

These insights span from short term horizons (new entrants) to longer timescale trends (academic research). This addition allows for a broad oversight of what is currently happening in a specific industry and where that industry is heading.

Any organization that can access these insights regularly will be better positioned to react to short-term shifts in its business landscape. The ideal solution to this Challenge will constitute the name of contacts who can partner with the Seeker to provide the OEM solution required. Solutions that lead to partnerships will receive a higher finder’s fee ($500) and collaboration; shortlisted solutions (up to a total of 5) will receive a finder’s fee of $100.

This is an electronic Request-for-Partners (eRFP) Challenge. The Solver will write a preliminary proposal (about 1-2 pages, including supporting non-confidential information and contact details) to be evaluated by the Seeker with a goal of establishing a collaborative partnership. Upon completion of the evaluation, the Seeker may contact selected Solvers directly to work out terms for a collaboration contract. The monetary value of the contract will vary depending on the amount of work to be delivered and the agreed upon time frame. 

[NOTE: Proposals from Solvers who can work directly as the collaboration partner or supplier will be considered first. The Seeker will also consider proposals from other Solvers who refer a suitable candidate as a partner. See full description for details.] 

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on 31st March 2022. 

Late submissions will not be considered. 

 

What is InnoCentive?

InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is an eRFP Challenge?

An InnoCentive eRFP Challenge allows Seekers to submit Requests for Proposals for a partner or supplier to provide materials or expertise to solve a business challenge by leveraging the InnoCentive Solver network. This global community includes organizations and individuals, such as contract research organizations, scientists, university researchers, and technology companies.

After a Solver submits an eRFP response, the Seeker evaluates the responses to determine which Solver(s) to contact for further business discussions. With eRFPs, the Solver must not provide any confidential information in the eRFP response. If your eRFP response is selected, you negotiate the terms of the contract (including scope of work, tasks and duration) directly with the Seeker.

This Challenge type does not require Intellectual Property (IP) transfer. However, sometimes Seekers request that certain IP arrangements be made should a partnership be formed.