Undertaking of the procurement process in a way that stimulates suppliers to invest in developing better, innovative goods and services to meet the unmet needs and policy objectives of the sector, and/or ensuring the procurement process, enables new solutions to compete on a level playing with established goods and services.
IP is an effective way to boost innovation from the demand-side.
IP is an efficient way to procure transnational common unmet needs.
Procurers must become part of the innovation cycle by creating capacity in pro-innovation procurement.
IP prevents usual practices that may constitute barriers to innovation, such as:
- Too much emphasis on price
- Variants no allowed
- Too prescriptive specifications
- General lack of demand for innovation
- Poor management of risk
- Inadequate management of intellectual property rights