title: Measuring the effectiveness and impact of an open innovation platform.
abstract: Today, most pharmaceutical companies complement their traditional R&D models with some variation on the Open Innovation (OI) approach in an effort to better access global scientific talent, ideas and hypotheses. Traditional performance indicators that measure economic returns from R&D through commercialization are often not applicable to the practical assessment of these OI approaches, particularly within the context of early drug discovery. This leaves OI programs focused on early R&D without a standard assessment framework from which to evaluate overall performance. This paper proposes a practical dashboard for such assessment, encompassing quantitative and qualitative elements, to enable decision-making and improvement of future performance. The use of this dashboard is illustrated using real-time data from the Lilly Open Innovation Drug Discovery (OIDD) program.
authors.affiliation: Deloitte National Office, 30 Rockefeller Plaza, New York, NY 10112-0015, United States. Electronic address: gcarroll@deloitte.com.
authors.forename: Glenn P
authors.initials: GP
authors.lastname: Carroll
authors.affiliation: Deloitte National Office, 30 Rockefeller Plaza, New York, NY 10112-0015, United States.
authors.forename: Sanjay
authors.initials: S
authors.lastname: Srivastava
authors.affiliation: Deloitte National Office, 30 Rockefeller Plaza, New York, NY 10112-0015, United States.
authors.forename: Adam S
authors.initials: AS
authors.lastname: Volini
authors.affiliation: Lilly Corporate Center, Indianapolis, IN 46285, United States. Electronic address: mpineiro@lilly.com.
authors.forename: Marta M
authors.initials: MM
authors.lastname: Piñeiro-Núñez
authors.affiliation: Lilly Corporate Center, Indianapolis, IN 46285, United States.
authors.forename: Tatiana
authors.initials: T
authors.lastname: Vetman
mesh_terms: D004059:Diffusion of Innovation; D055808:Drug Discovery; D004345:Drug Industry; D062069:Inventions; D008962:Models, Theoretical