Life Science Innovation Management
Life science innovation is getting more and more challenging with ever increasing knowledge in all disciplines of life science.
Professional controlling of life science innovation by competitive innovation portfolio management and innovation project management is mandatory for business success. The portfolio should cover medical need, fit to business and availability of resources. Portfolio controlling and structures for decisions have to be established. State of the art project management covering the special requirements for innovation projects by a dedicated stage-gate process and emphatic personnel management are success factors.
Today in life science innovation cannot be performed in-house only. First class management of external resources like networks and alliances is another success factor. Partner identification, selection and acquisition as well as excellent communication platforms are essential. Sound agreements and contracts as well as organizations serving the needs of all partners are further requirements for success. Project financing has to be in line with business strategies.
To protect investments in life science innovation intellectual property strategies have to be established. Patents, international applications, trade secrets and brands are the elements of such strategies.