Nowadays innovation and collaboration are strategic issues for enterprises to remain competitive in the global market. Many new developments are carried out with external partners, including universities and research institutions aiming to generate novel solutions in order to improve business performance and sustainability. However, the balance between intellectual property protection and intellectual property sharing is hard to manage. In order to increase the sustainability of innovation networks it is important to provide mechanisms to easily define the profile of the collaboration and to assess the degree of alignment with the potential partners. This paper aims to discuss how these mechanisms can be provided through the implementation of a Core Value Management System in the scope of co-innovation.