Implementation of the innovation strategy is supported with an innovation management system, that takes into account the specific features of innovation projects like high risk profile of activities, required creativity and flexibility in innovation management approach. The innovation management system needs to be focused on achieving the objectives of the innovation strategy.

Supporting its clients in innovation management system implementation KPMG utilizes a special governance model, that includes the key elements of the management system:

• Business processes and procedures for supervision of the implementation of the processes associated with acquisition, development, and implementation of innovation and risk management;
• Tools for selecting innovative projects, consistent with the strategy of innovation;
• Organizational structure and team of people dedicated to the oversight of the implementation of the innovation management, and innovation firms projects scouting; 
• Innovative projects scouting (business and finance); 
• System of attracting to the organization individuals with innovator’s characters 
• KPI indicators (Key Performance Indicators) and special reports for monitoring innovation management efficiency

We are also supporting our clients in the intellectual property management (intangible assets)  

Protection of intellectual property is a key issue for the Innovator, as well as its potential business partners. KPMG provides a comprehensive support both in the patent application process, as well as in the management of intellectual property rights that is a part of the innovation commercialization process.