This report studies the way risk can be managed to enhance the procurement of innovation. The latter is a concept that goes further than technology procurement, occurring when a public agency places an order for a product or system, which does not exist at the time but which could (probably) be developed within a reasonable period (Edquist et al. 2000). The procurement of innovation includes technology but goes beyond it and addresses non-technological innovation and complex systems, where the technology may be known and proven but not at that scale or level of complexity.
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