08 ma tuesday v3 spradin-innocentive
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Manufacturing leadership summitTRANSCRIPT
Featured Presentation: Collaborative Innovation
Engaging a world of innovators in your innovation process
M A N U F A C T U R I N G L E A D E R S H I P S U M M I T 2 0 1 0 V2
Dwayne H. SpradlinPRESIDENT AND CHIEF EXECUTIVE OFFICER, INNOCENTIVE INC.
M A N U F A C T U R I N G L E A D E R S H I P S U M M I T 2 0 1 0
The World is Changing
Innovation in 2010 & Beyond
Organizations need to re‐shape themselvesFlexible platforms, organizations, business models and budgeting
BETTERCreativity and access to the brightest minds on demand1
Organizations need to innovate in three ways:
Open Innovation is the ANSWER
More Cost Effectively Than BeforePressure on expenses3FASTERCompetition and market conditions demand it2
An Entire Planet of Problem Solvers“No matter who you
are, most of the smartest people work for someone else.” Bill Joy – Co-Founder, Sun
InnoCentive Vision
InnoCentive’s unique Open Innovation approach enables customers to innovate
better and faster with superior economics
About InnoCentive
INNOCENTIVE© = Innovation + Incentive
We are the Leader in Open Innovation• Acknowledged by business journals, the press, and clients
InnoCentive matches problems from Seekersto Solvers in an Open, Collaborative model
• Seekers include Commercial, Government, and NFP Clients in all industries
• Problems may be targeted to InnoCentive’s Global Solver Community of 200,000+ solvers or to private communities of employees, retirees, partners, or others
About InnoCentive
Our challenge-driven innovation approach is highly developed and truly unique in the space
• Our approach has shown 50+% solve rates and superior ROI• Applicable to business problems and highly technical
innovation needs• Targets problems to internal and external problem solvers
InnoCentive Products and Services include:• InnoCentive.com Challenge Marketplace• InnoCentive@Work Platform for internal corporate usage• InnoCentive Consulting and Training Services
InnoCentive Global Solver Community
Preeminent Global Solver Network
• 200,000+ Solvers and Growing• 200+ Countries• 60% of Network have Masters/PhDs• Unprecedented Diversity• 50+% Solution Rate!
Reach to over 4MM through partnerships and social media
2007 OSRI Buys Game Changing Solution for $20,000Construction Engineer from Midwest suggested a technique used in the concrete industry for keeping cement fluid during large pours.
Solutions from Unlikely Places
1989 Exxon Valdez Oil SpillOil Spill Recovery Institute (OSRI) formed shortly thereafter and is chartered with developing recovery techniques.
Oil Remains on Floor of Prince William Sound TodayBrightest minds in the industry could not solve the problem of separating frozen oil from water in collection barges.
The two winning proposals were identified as coming from a scientist in China, and a research fellow in India.Indian Solver: “My mother was the only breadwinner of my family and during my school days (when I was 14) she had to stop working due to tuberculosis ..."
Passion and the Human Condition
A Global Effort to Reduce the Costs of Phase II TB Drug Candidate PA‐824Existing production required three synthesis steps and required used toxic and explosive materials
Simpler and safer methods proposed to the TB Alliance by two winners of a scientific challengeOut of dozens of novel and compelling solutions submitted by InnoCentive’s Global Solver Network
Real challenges in production applications
Crowdsourcing ALL Your Communities
Imagine the Possibilities …Driving business strategy using challenge
driven innovation
Imagine your customers, employees, and the world solving your biggest innovation challenges
Imagine virtual labs forming to find new cures for neglected diseases
Imagine millions of problem solvers innovating on demand
Imagine … Enabling Better Innovation.
