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Podcast: Open Innovation Talks
Episode: Ep. 28 - Why Public Sector might be an incredible Shaper of Market
Description: Procurement is often perceived as highly boring and bureaucratic. But it is a massive opportunity. Public sector spending, in the UK only, is about 400 billion pounds a year. In Europe we are talking about trillions of euros.Nowadays the public sector is facing more challenges than ever before (after Covid, climate emergence, child and social care, security, …) and it has to do it with tight finances. Public organizations have to deliver better, cheaper, and quicker outcomes.How does the public sector spend money? In the UK 21% of tenders have a single bidder. Why? It is really ha...