Open Innovation in Action - Stevenage Bioscience Catalyst

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  • Big and small differences
  • establish benefits
  • Open Innovation in Action - Stevenage Bioscience Catalyst

    1. 1. MakingOpen Innovation Work- Going from the Why to the How www.15inno.com 15inno by Stefan Lindegaard at LinkedIn Groups stefanlindegaard@me.com Twitter: @lindegaardHey! Freebookson 15inno.com!
    2. 2. Change how we innovateBe competitively unpredictableDevelop the right conditions and framework
    3. 3. “…a philosophy or a mindset that theyshould embrace within their organization.This mindset should enable theirorganization to work with external input tothe innovation process just as naturally as itdoes with internal input”- Making Open Innovation Work, 2011
    4. 4. Partnerships, alliances, consortia, networks DirectedSupplier Summits, Entrepreneur Days Instructions Directive, invitational Directive, participative None Suggestive, invitational Suggestive, participative Relatively few Invitations “Everyone” Credit: OVO Innovation
    5. 5. FMCG MEDTECH PHARMACycle time, money, IPR and conservatism
    6. 6. media are key drivers forterm is gone in 5-7 years! Open innovation as a o
    7. 7. When big companiesmeet small companies
    8. 8. Innovation strategy vs entrepreneurship (do or die!)Following vs breaking rules, attitude towards risksEveryone should benefit in an ecosystem – BUT……big companies got the driver’s seat!
    9. 9. Why things go wrong
    10. 10. Values don’t match, not the samelanguage, working principles not defined
    11. 11. Set expectations upfront to avoid the “falsepositives” mode
    12. 12. Don’t end up negotiating with a closedinnovation mindset (get behind the scenes)
    13. 13. Holistic view: Go beyond products, technologyNetworker, communicator, intrapreneur, influencerAdaptive, tolerance for uncertainty, optimist1) Innovation leaders and 2) intrapreneurs
    14. 14. Will big companies kick small company butt?Speed / transparency works against startupsBusiness model innovation is key!Big companies must embrace OI / intrapreneurship
    15. 15. Get in touch! www.15inno.com 15inno by Stefan Lindegaard at LinkedIn Groups stefanlindegaard@me.com Twitter: @lindegaardHey! Freebookson 15inno.com!
    16. 16. media are key drivers forChanger for Innovation Social Media: A Game o
    17. 17. …tools, services and platforms that drive virtualinteraction and involvement for innovation effortsCrowdsourcing, communities, Twitter and LinkedInSocial media can also work for BtB companies!
    18. 18. Identify and interact with innovation partnersGenerate more ideas, fasterGet market and competitor insightsPromote corporate innovation capabilities
    19. 19. Identify your focus area, develop content strategySet up your platform and channelsBecome a curator, start sharingTrack, improve, expand, experiment - iterate

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