The document introduces the idea management software "Innoflux" and discusses why innovation is important for companies. It explains that Innoflux helps formalize the idea generation process and allows companies to democratize innovation by involving external partners. The software provides features like idea sharing, review, and tracking workflows to help companies generate, evaluate and select ideas. Using Innoflux provides benefits like new revenue opportunities, improved products, and a more innovative corporate culture.

1. “INNOFLUX”
…Democratizing Innovation
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 1 of 16

2. Agenda
• The objective of this session is to demonstrate “Innoflux”
as an Idea Management and Innovation fostering tool.
• What we Should Cover:
 Why Innovation is Imperative
 Approaches to Innovation
 Definition: Idea Management
 Why Manage Ideas
 Features: “Innoflux”
 Benefits
 Why Us?
• Expected outcome is an invitation to an RFP
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 2 of 16

3. Why Innovation is Imperative???
• Innovative companies generate 4x more
profit (PwC)
• Innovative companies experience faster
growth in market capitalization (E&Y)
• Every $1 of R & D investment yields $18.70
in sales (US Dept of Commerce)
• 86% of CEOs say innovation is a “top
priority” (Trendsetter Barometer)
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 3 of 16

4. Approaches to Innovation
• Brainstorming (in a room)
• Suggestion Box
• Marketing Research
• Lead User Approach
• Centralized Idea Management Systems
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 4 of 16

5. Idea Management?
 The process of Generation, Review, Evaluation,
Shortlisting and Selection of IDEAS
 Managing the Fuzzy Front End of Innovation
 A goal oriented & strategy driven process.
… Leading to Disruptive/ Incremental Innovation !!!
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 5 of 16

6. Without Idea Management
Vicious circle of ad-hoc “Suggestions” schemes
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 6 of 16

7. With Idea Management
Virtuous circle of Systematic Idea Management Process
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 7 of 16

8. What is InnoFlux
“InnoFlux” is
– A workflow enabled Idea Management and Open Innovation portal
– A tool for Democratizing Innovation
– Based on an accepted model to manage the “fuzzy” front-end to
product and service development
It also facilitates the involvement of external partners in the
organizational innovation process and thus promotes innovation
from “everywhere and anywhere”
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 8 of 16

9. InnoFlux - Benefits
• Business Benefits
 Setting formal ideation process leading to -
 Cost savings by process improvements
 New products/ services development thus new revenue sources
 Improvement of existing products/ services
 An innovation driven corporate culture
 Dissemination of cross-functional and cross-organization
opportunities
 Enable corporate-wide and business unit innovation activities
 Involve external entities (customers, vendors, suppliers etc) in product
development and process improvement
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 9 of 16

10. InnoFlux – Benefits Contd…
•Strategic
 Align Open Innovation with Corporate Strategy
 Develop pipeline of revenue generating ideas
 Understanding where the ideas contributing to revenues
comes from
 Set KRAs to generate ideas
 Competitive Advantage
 Sucession Planning
 Identify ideation challenges for each strategic arena
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 10 of 16

11. InnoFlux – Benefits Contd..
• Financial
 Generating additional revenues for products/services already in the
market and increase uptake of launch products/services
 Significant ROI from investment in the process and implementation
of top ideas
• Other Benefits
 Idea management even across geographically dispersed groups
 Corporate culture, employee morale, feeling of making a
contribution
 Reduce employee attrition that happens due to lack of
opportunities.
 Spot Multi-Talented People
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 11 of 16

12. Features-”Innoflux”
• Comprehensive Dashboard (all relevant information at single page)
• Interactive Idea Sharing
• Peer Review & Rating of Ideas
• Active Discussion Boards
• Whiteboards (for brainstorming on a topic)
• Collaborative Ideation
• Challenges (to seek ideas in a given area)
• Workflows & approval process
• Configurable Idea Categories
• Filtering & Funneling of Ideas at every hierarchy level
• Establishing Idea relationships
• Manager review based on comprehensive evaluation criterion/
parameters
• Manage Idea Portfolio by converting viable ideas into projects and
allocating resources
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 12 of 16

13. Ideation Process @ InnoFlux
“You need to kiss a lot of toads to get a princess”.
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 13 of 16

14. Why Us
• Comprehensive Idea Management Solution (details in ‘Features’
section)
• Flexibility (customization based on your Organizational Hierarchy
& Needs)
• User Friendly Interface
• Upgrades every 3 months’
• 24/7 Support (just a call away)
• Experienced Team
• Regular Data Backups
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 14 of 16

15. Contact Details
Santosh Verma
VP, Marketing & Business Development
I-Cube Systems (P) Ltd.
www.iqbsys.com
santosh.verma@iqbsys.com
+91 11 26014147 (O)
+91 8010363332 (M, New Delhi)
+91 9535231937 (M, Bangalore)
Skype: santosh.verma7
Proprietary and confidential. This information does not represent, and should not be construed as, legal or professional advice. © 2009 I-Cube Systems Pvt. Ltd.
All Rights Reserved copyright @ I-Cube Systems Pvt. Ltd.
Slide 15 of 16