Proposal for improving the Startups Selection Process in Public Procurement of Innovative Solutions (PPI) through Risk Management
Open Innovation; Risk Management; Public Procurement of Innovative Solutions (PPI); Startup Selection; Legal Framework for Startups.
The present research focused on the risk management of Public Procurement of Innovative Solutions, specifically of a Brazilian public financial institution. Nowadays, it is rare to observe organizations implementing differentiated risk assessment methods with specific characteristics and a high degree of uncertainty as the public procurements of innovative solutions. Thus, the absence of a particular risk management model to be applied to the procurement of innovative solutions is a gap that must be addressed by public institutions in Brazilian Innovation Ecosystem. Therefore, it was necessary to carry out a study to understand how risk management can be better integrated with innovation management and how it can be applied more adequately to the procurement of innovative solutions in Open Innovation Journeys, to support strategic decision-making and gradually reduce unsuccessful procurement processes. The partial results brought by the case study and the current process (AS-IS) showed that startups are evaluated with the same criteria as other large and mediumsized corporations and companies; that is, the applied evaluation does not consider the size of the solution provider or service provider, nor the nature of the contracted services. In addition, the risk identification process showed that the institution has suffered the consequences of risks materialized, such as the procurement does not bring the expected technological efficiency due to the loss of opportunity to develop an innovative solution through a partnership with a more prepared and mature startup, which was disqualified during the institution's standard risk assessment.