08 ma tuesday v3 spradin-innocentive

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

Case Study: Roche Diagnostics

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.

Imagine Better Innovation

THANK YOU!

Dwayne SpradlinInnoCentive, Inc.President & CEOdspradlin@InnoCentive.com