What is inDemand?
inDemand is a new open innovation model where organisations with unmet needs and external companies jointly co-create solutions. To maximize chances of sustainable success, the companies also receive funding from regional development agencies, together with business support from market experts.
The inDemand model has 3 steps:
1. Need identification.
The challenger organisation (eg. a Hospital) identifies and selects a number of challenges proposed by the professionals working close to the problems. These challenges are handed over to the Funder.
2. Call for companies.
The Funder launches a call to identify the best company that can solve each challenge. It will leverage own funding (eg. regional structural funds) to economically support the development of the innovation.
3. Solution development and business support