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Mini Open Innovation AcceleratorOctober 5thth 2010 10/10/10 1
Today’s Agenda   How open innovation can get you better new products, faster, cheaper  1100   Coffee  1130   Asking Interesting Questions  1230  Collaboration mindsets and Business Empathy   1300  Close followed by lunch
10/10/10 3 Reluctant PioneersLego Lego Mindstorms is their most successful product range ever and has helped shift their strategy from a toy manufacturer to an innovation platform.
10/10/10 4 Tell me, and I will forget. Show me, and I may remember. Involve me, and I will understand. Introducing Open Innovation (Confucius, BC 450)
10/10/10 5 The 5-minute joint venture Collaboration Catalyst
10/10/10 6 Feedback 5 Minute Joint Venture
10/10/10 7 Innovating with partners by sharing the risks and the rewards Introducing Open Innovation
The Solutions are Out There NassimTaleb
Developing Peripheral Vision 10/10/10 9
Becoming Innovation Detectives © 100%Open 2010
10/10/10 11 ShareMcLaren and NATS McLaren’s predictive F1 software will allow air traffic controllers to predict how aircraft are likely to act at airports, overcoming costly and dangerous uncertainty.
10/10/10 12 “Open innovation is a  U-shaped process.”  Open Innovation Process Paul Vanags, Oxfam
10/10/10 13 Innovation is U-Shaped Explore Extract Exploit ,[object Object]
Uncover unmet needs or spot new opportunities for innovation
Co-create compelling new ideas, products or services
Filter the ideas and prototype innovations
Build and motivate collaborative teams
Create investable propositions with evidenced business plans
Form new collaborative business arrangements
Obtain the resources and commitments necessary
Coordinate production, communications and launch ,[object Object]
10/10/10 15 Who are your top 1%? Lead users
10/10/10 16 Virgin AtlanticVJam Virgin Atlantic’s return on investment has been 10:1, better value than using a commercial third party for system development, and for more radical ideas.
“You don’t own your reputation. It lives and breathes in those that interact with you.”  Ron Burt 10/10/10 17 Becoming the partner of choice
10/10/10 18 Become a partner of choiceP&G We invited the UK’s design community to respond to two open briefs on fabric care and wellness, to find global new markets worth $100 million.
Trusted Agents and Unmet Needs As innovation becomes more networked, a new market is opening up for brokersand intermediaries who provide safe spaces for collaboration. 10/10/10 19
“For complex and creative tasks, financial incentives have a negative impact  on performance.” Dan Pink 10/10/10 20 Tap into intrinsic incentives
10/10/10 21 From Discovery to DetectionCancer Research UK OVC 600 registered users, 160 listed ideas, 23 venture applications, 6 shortlisted candidates and 3 supported ventures generating a 25x ROI.
10/10/10 22 Start at the End Transparent processes
10/10/10 23 ScanOrange – OSCR Project
10/10/10 24 “The only thing harder than starting something new, is stopping  something old.” Russell Ackoff Systems thinking
10/10/10 25 Scan & ShareOracle - Open Alchemy Led to a major collaboration, Wellbe, between Oracle, BT, Pfizer and the NHS to provide a health incentive scheme for the UK to be launched for the 2012 Olympics .
2 Models of Open InnovationDiscover™ and Jam™ October 10, 2010 26 Discover: Jam: ,[object Object]
Is a competitive innovation marketplace amongst customers, suppliers or users
The innovation process is mediated  by a Trusted Agent
Innovations are extracted through  a linear process
Tend to be  internal routes to market (e.g. license deals)
Starts with finding collaboration partners, often to explore a broad opportunity
Is a cooperative process , with customers, suppliers or users
The innovation process is facilitated  through a Catalyst
Innovations are built using an iterative process
Tend to be external routes to market (e.g. joint ventures),[object Object]
10/10/10 28 Asking interesting questions Open Innovation Accelerator
10/10/10 29 Interesting to You

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Bqf

Editor's Notes

  1. Clients not cashSupport processes not ideasConnect the dots