OPEN INNOVATION THE NEW R&D PARADIGM DRIVING INDUSTRY-UNIVERSITY RELATIONSHIPS

R O B I N P H E L P S

N O V E M B E R 4 , 2 0 1 3

AGENDA

I. Robin Phelps

II. Andrea Wesser

III. Svetlana Shtrom

WHAT IS OPEN INNOVATION?

MY INTEREST: INNOVATION POLICY

WHO’S DOING OPEN INNOVATION?

WHO’S DOING OPEN INNOVATION?

OPEN INNOVATION – THE UNIVERSITY CONNECTION

OTHERS DOING OPEN INNOVATION - INDUSTRY

OTHERS DOING OPEN INNOVATION: PHARMA

WHO ELSE IS DOING OPEN INNOVATION?

High-tech shampoo, via the Department of Energy May 6, 2013

OTHERS DOING OPEN INNOVATION: FORTUNE 1000

MODELS OF OPEN INNOVATION - CROWDSOURCING

OPEN INNOVATION - CROWDSOURCING

MODELS OF OPEN INNOVATION: COMPETITIONS

• X-Prize

• Google’s 10^100

• DARPA Grand Challenge

• Apps for the Army Challenge

• NYC BigApps for big “NYC” Problems

MODELS OF OPEN INNOVATION: COMPETITIONS

Challenge Questions

• How can your offering utilize vertical flight to better

serve or create new markets?

• How can your offering enhance transportation and

mass transit using mobile devices and apps?

• How can your offering detect or learn to detect

patterns in big, complex, unstructured data sets?

• How can your offering stop a speeding projectile or

prevent an object from being seen, heard or

identified?

• How can your offering allow a complex machine to

know more about its own health and capabilities?

MODELS OF OPEN INNOVATION: GRANTS

OPEN INNOVATION: BEST PRACTICES FOR UNIVERSITY

TECHNOLOGY TRANSFER

Charles Johnson-Bey, PhD, Corporate Open Innovation Program Manager

for Lockheed Martin Corporation,

• Best practices for implementation of open innovation

• What challenges industry faces when approaching academia

• How academia can overcome these challenges

• How universities can be successful in open innovation

• Identify the risks associated with open innovation agreements

UCF ORC – Making the

Open Innovation connections

for you