Skip to main content

Table 5 Success factors of virtual R&D

From: Open innovation and external sources of innovation. An opportunity to fuel the R&D pipeline and enhance decision making?

Advantages of a virtual R&D organization

Essential elements to operate a virtual R&D organization

Instant access to new technologies and external resources on demand

Excellent industry and academic networks

Reduced capital requirements (overhead and infrastructure)

Professional, project, portfolio and alliance management skills

Simple governance structure

Simple governance structure

Reduced bureaucracy and faster decision making

Collaborative scientific and medical support from those who understand drug development

Flexibility in selecting optimal services providers

Excellent expertise in risk management and financial valuation

Mitigated financial risk

Outperforming licensing and acquisition strategies and skills

Reduced time to market

Admirable outsourcing skills


Excellent communication and motivation skills to manage external project teams