Innovation Procurement Toolkit (IPT)
Innovation procurement is the purchase of new solutions that do not currently exist in the market, or need to be adapted, in order to meet specified needs and create value for the procuring organization.
To assist healthcare service providers in developing competitive procurement processes for innovative solutions, the Innovation Procurement Toolkit (IPT) was developed to include tools, templates, and guidance documents to assist in the development and management of innovation procurement initiatives.
The IPT has been structured to facilitate the flow of an innovation procurement process from needs assessment, including development of the problem statement, through early market engagement, procurement of the solution and contract award. Guidance documents include:
The IPT includes templates that can be used to execute the various stages of an innovation procurement process. These templates are provided in Word format so they can be adapted to suit specific organizational requirements.
Have more questions? If you have any questions regarding the Innovation Procurement Toolkit or the documents included in the toolkit, please Contact Us.