interTwin is a project to co-design and implement the prototype of an interdisciplinary Digital Twin Engine (DTE), that enables the implementation of application-specific Digital Twins (DTs). In this deliverable, the innovation management system and its related plans, processes, and procedural activities are outlined in order to ensure the exploitation of the interTwin project in line with the Grant Agreement. The deliverable explains how the context will be assessed, how the results and key exploitable results will be collected, and will monitor the related exploitation and business planning activities. Together with communications, dissemination, target groups and project stakeholders will be engaged in order to ensure and maximize the uptake of the project. This document describes the innovation management system including the main processes, procedures, roles templates and information to be collected, the plan and timeline for doing it, and the baseline and initial progress from the initial months. Follow-up progress will be presented in subsequent deliverables D2.4 (M22) and D2.6 (M36)