Innovation Competitions Innovation as Sport Ricardo dos Santos Biological Dynamics FEI May 16, 2012
Innovation CompetitionsInnovation as Sport
Ricardo dos SantosBiological Dynamics
FEI May 16, 2012
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My Definition of Inno Competitions
Inducement Prize • Bounty for specific objectives • Best entry tournaments
Alternative to Grants • Sponsor shifts risk to participants
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Competitions: An Old Innovation
The Longitude Prize
Solve Problems | Launch BusinessesSolve Problems | Launch Businesses
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Competitions: An Old Innovation
Solve Problems | Launch Businesses
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Innovation Competition Types
CorporatePrizes
Non-ProfitPrizes
GovernmentPrizes
StudentCompetitions
EmployeeCompetitions
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Common ‘New Rules’• Open• Far-Reaching• Inclusive
• Social • Submissions are visible• Anyone can ‘like’ / share
• Entertaining• Real time leaderboard• Bounty or Tournament
structure• Climatic ending
GOV
NGO
COR
STU
EMP
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Government PrizesGOV
NGO
COR
STU
EMP
• Citizen Challenges
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Non Profit PrizesGOV
NGO
COR
STU
EMP
Solve Problems
Launch Businesses
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Corporate PrizesGOV
NGO
COR
STU
EMP
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Student CompetitionsGOV
NGO
COR
STU
EMP
11Engagement in Innovation
Skill
Dev
elop
men
t
Employee CompetitionsGOV
NGO
COR
STU
EMP
Internal Accelerator
Program (Teams)
Idea Collaboration
Platforms
+
QC’s Venture Fest CompetitionIdea Generation &
Selection Idea Development Boot Camp Proof of Concept
~500~50
~15Discover
NetworkAccelera
te
++QVF Team BU Sponsor QIN Team
Business Plan Pitches
Proof of Concept Home
Value Extraction
CEO’sopen call
InnovatorChallenges
QINonline tools
Support SystemTeam
Collective Intelligence
Corporate Entrepreneurship
• New Project Option• Strategic Value• Exit Value
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Collective Entrepreneurship
Social Good | Tech Marvel | Mkt Leadership
EMP
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Qualcomm’s Competitions
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When Competitions Are Most Appropriate• Intractable problem,
unknown problem solver
• To fight a market breakdown
• To fight complacency – symbolic reminder that life should remain a contest for the best ideas
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Competition is the great creative forceof the universe
- David Brin
Final Quote