Execute Challenge Selection and Choose Outcomes
Run the evaluation process across incoming venture submissions against predefined technical and commercial criteria. Facilitate pitch sessions, technical reviews, and due diligence checks to select the winning solutions or venture partners. Formally render definitive decisions regarding pilot progression, equity investment, or venture client agreements.
Completing this action generates the core decision output of the challenge process by filtering candidates down to high-potential solutions. It provides the venture with a validated pipeline of partners and a clear execution path for joint trials.
Deliver an Open Innovation Evaluation Record detailing scoring matrices, due diligence summaries, and formal selection decisions. Document clear pilot scopes, commercial milestones, and resource allocation plans for all shortlisted ventures.
Five questions an expert would ask when reviewing your output
Use these to challenge assumptions, pressure-test your logic, and check the quality of this action's output in the context of the parent task and wider venture development.
- 1
What hard quantitative data led to the selection of the winning solutions over alternative applicants?
- 2
Why did you assume the winning venture has the operational capacity to deliver on your enterprise integration timeline?
- 3
How does this hold up when key technical risks identified during due diligence materialize during pilot rollout?
- 4
What specific evidence demonstrates that the selected solution offers a defensible competitive advantage over market alternatives?
- 5
If no applicants met the required quality bar, what rationale supports repeating or terminating the challenge?