Innovation Summit Dbsa Jayshree Naidoo

Jayshree NaidooDevelopment Bank of Southern Africa

Creating a Capacity for Innovation A Case in Point

2007

/200

8 Corporate Strategy Portfolio expanded to include Innovation

2006

/200

7 Budget for Corporate Entrepre-neurship Ventures Approved

2005

/200

6 Internal Focus on Corporate Entrepre-neurship & Innovation

2008

/200

9 New Unit Created to Focus on Innovation and Entrep-neurship

Evolving Role of Innovation @ DBSA

Strategic Focus and AlignmentStrategic Focus and Alignment

Knowledge ManagementKnowledge

Management

Idea GenerationIdea Generation

Entrepreneurship DevelopmentEntrepreneurship Development

Enterprise Development & Support (BBBEE)

Enterprise Development & Support (BBBEE)

InnovationDe Bono, SAINe, ISPL, I & E Conf

InnovationDe Bono, SAINe, ISPL, I & E Conf

Strategic Partnerships; e.g. JASA, BSE, GEW, Impumelelo

Strategic Partnerships; e.g. JASA, BSE, GEW, Impumelelo

Extern

al Focu

s

Project Origination to address development challenges

Project Origination to address development challenges

Internal Focus

11

22

33

44

55

66

77

88

Framework for Innovation

May

09

– Ju

n 0

9 • Creativity Training, Six Thinking Hats

• Innovation training

• Entrepren-eurship training

Ap

r 0

9 –

Ma

y 0

9

• Contract deliverables, 10% weighting

• Communicate details of Champions

• Champion Induction

Fe

b 0

9 –

Ap

r 09 • Staff

Awareness Campaigns

• Staff Nominations

• Selection of Champions

Ju

ly O

nw

ard

s • Creativity Space

• Idea Generation Portal

• I & E Conference

• Internal Awards• Dialogues

Steps in Creating a Capacity for Innovation

• Embed a culture of Innovation and Entrepreneurship within the DBSA

• Identify I & E Champions and equip them with the relevant tools, techniques and skills

• Identify and communicate themes for project identification• Ensure a system of open innovation within the DBSA that

allows all staff to participate through simple processes• Ensure reward and recognition mechanisms are in place for

staff and champions – Bi – annual awards• Create opportunities for champions to interact with specialists• Create platform for discussions on entrepreneurship and

innovation through dialogues, seminars and the annual conference

• Identify strategic partnerships and support initiatives that deliver on mandate

Role of the I & E Unit

• Understand Innovation and Entrepreneurship in the context of DBSA

• Facilitate discussions that identify initiatives:• Within division• With other divisions if needed

• Actively participate in initiatives planned by the I & E Unit• Promote and understanding of I & E within the DBSA

(Championing)• Use tools and skills received in Workshops to actively

engage with staff on identifying projects and initiatives that could be selected for implementation

• Identify future I & E Champions• Assist with embedding a culture of innovation and

entrepreneurship within the DBSA

Role of the Champions

DBSA Innovation Champions

Internal

• A common, group wide understanding of Innovation• A shared vision towards solutions• Reward and recognition that fosters and promotes delivery• Implemented projects• Embedded culture and support for activities• Platforms available for idea submission

External

• Enabled identification and creation of strategic partnerships• Allowed for platform for collaboration – I & E Week and two

day conference : 16-21 November 2009, and dialogues• Creates the foundation for and Open Innovation System

What do we aim to achieve? – So What..

Internal

• 1st Innovation Awards at end of second quarter• Community garden project for staff and community• Launch creativity space• Identify new champions

External

• Host successful Innovation & Entrepreneurship Week and Conference

• Host Dialogues that promote collaboration• Develop strategy for open innovation system• Identify strategic partners

Next Steps – Now What….

A creativity space for staff

A transformation is needed !!

Adding a touch of color

Hands on @ the DBSA !!

Champions making their

mark !!

Placing the final

touches ….

And the end Result

Time to Celebrate !!

For more information contact:

innovation @ dbsa.org