Chuck's InnoCentive Case Study on Monday ASAE AGM08

InnoCentive – Creating New Value Monday August 18, 2008 Chuck Davis Director, Open Innovation Solutions Region: Western USA & Canada and APAC [email_address]

About InnoCentive – Solver Viewpoint ,[object Object],[object Object],[object Object],[object Object]

History of Prize Based Innovation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Charles Lindbergh and Raymond Orteig John Harrison’s Chronometer H5 Source: Wikipedia

History of Prize Based Innovation (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Vehicle in development for 2007 challenge X Prize Award Ceremony Source: Wikipedia

Open Innovation Receives Market Recognition

News Flash – InnoCentive In the News Procter & Gamble Expands Utilization of InnoCentive http://money.cnn.com/news/newsfeeds/articles/marketwire/0389327.htm Businesses Harness Power of the Crowd @ http://www.npr.org/templates/story/story.php?storyId=12323871 Columbian Manufacturer Posts Public Challenge @ http://www.youtube.com/watch?v=cD_yQsVcxFE 2008 InnoCentive Ideation Challenge Finalists @ http://www.innocentive.com/crowd-sourcing-news/?page_id=103 Shift Happens @ http://www.youtube.com/watch?v=Bzlb9wLOvtg If You Have a Problem, Ask Everyone http://www.nytimes.com/2008/07/22/science/22inno.html Podcast: How InnoCentive is still Innovative http://www.businessweek.com/mediacenter/podcasts/innovation/innovation_07_01_08.htm How Many People Does It Take To Make a New Lightbulb? http://www.time.com/time/health/article/0,8599,1721082,00.html Science by the Masses http://www.sciencemag.org/cgi/content/full/319/5871/1750

InnoCentive’s Global Solutions Marketplace ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

InnoCentive Business Model Overview CHALLENGE Seeker’s Complex Business/Technical Need, Problem or Project for Solver Attention An Open, Completely Secure, Anonymous and Confidential Online Marketplace focused on solving tough R&D challenges SOLVER 160,000+ engineers, scientists, inventors, business people, university faculty & students, and other research organizations in 175+ countries from 60+ scientific & technical disciplines SEEKER Commercial, Government & Non-Profit Organizations. ,[object Object],[object Object],[object Object],[object Object]

InnoCentive Solver Demographics Data as of Jan 26, 2008 Solved Challenges by Solver Location Solved Challenges by Education

Product Development Life Cycle & InnoCentive Front-End of Innovation New Product Development Launch to End of Life Apply InnoCentive Here to Find Solutions Internal Sources Employees Databases External Sources Customers Partners Internet Patent Searches Competitive Info $ $ $ $ $ $ $ $ $ $ $ $ $

InnoCentive Ideation Challenge Brainstorming and Idea Generation for The Next Big Idea ,[object Object],[object Object],[object Object],[object Object],[object Object],Ideation

InnoCentive Ideation Challenge Brainstorming and Idea Generation for The Next Big Idea

InnoCentive Theoretical Challenge Detailed description, specs and requirements for The Design ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Theoretical

InnoCentive Theoretical Challenge Detailed description, specs and requirements for The Design

InnoCentive RTP Challenge Sample product prototype and test results for The Proof ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

InnoCentive RTP Challenge Sample product prototype and test results for The Proof

InnoCentive eRFP Challenge Locate partner to deliver product or service for The Final Product ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

InnoCentive eRFP Challenge Locate partner to deliver product or service for The Final Product

About InnoCentive – Seeker Viewpoint ,[object Object],[object Object],[object Object],[object Object]

Learn More – Contact Me Chuck Davis Director, Open Innovation Solutions Region: Western USA & Canada and APAC [email_address]

Chuck's InnoCentive Case Study on Monday ASAE AGM08

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Chuck's InnoCentive Case Study on Monday ASAE AGM08