Collaborative Innovation – With the right contracts, it is easier to get along
From NDA to PoC, MvP, MoU, LoI to Termsheet
Collaborative innovation between large, established industrial companies and technology startups is a strategically oriented collaboration. Such joint innovation projects are processes that are accompanied by unpredictability, imponderability, and uncertainty – in other words, by risks. At the same time, collaborative innovation projects are characterized by the asymmetry between industrial companies and startups.
- the strategic importance attached to the joint collaboration project,
- the relationship to risk,
- the relationship to time,
- organizational agility,
- the culture of innovation management,
- internal communication.
Collaborative innovation projects therefore contain a sufficient number of stumbling blocks from start to finish that can determine success or failure. With good contracts tailored to the individual project phases, such stumbling blocks can be better managed. They make it easier to get along.
We look forward to welcoming the experts from the ZIRNGIBL law firm: Dr. Caroline Otto, Attorney at Law and Charlotte Werther, Attorney at Law
They will share their experience and knowledge on the creation of suitable contracts along the route in collaborative innovation projects.
In addition, the founding team of Querom Elektronik GmbH will report from their startup perspective on their practical experiences with possible stumbling blocks of a collaborative innovation project.
