What are the most effective R&D value capture mechanisms for startups and SMEs?
Research and development (R&D) is a vital activity for startups and small and medium-sized enterprises (SMEs) that want to innovate, differentiate, and compete in the market. However, R&D is also costly, risky, and uncertain, and requires significant resources and capabilities. Therefore, startups and SMEs need to find effective ways to capture the value of their R&D efforts and secure a return on their investment. In this article, we will explore some of the most effective R&D value capture mechanisms for startups and SMEs, and how they can apply them to their specific context and goals.