What's Open Innovation and Induct?

INDUCT – THE OPEN INNOVATION COMPANY

Let’s innovate!

90% of CEO’s at international leading companies think innovation is a key success factor for the

future of their organizations.

+66% of CEO’s at the most innovative international companies consider idea generation the easiest part

of the innovation process.

20% of Spanish companies actually do some kind of innovation.

READY FOR THIS JOURNEY?

© 2013 INDUCT SEA

• Vision: to spread the innovation movement all over the world

• Mission: to become the main allied for organizations in the public and private sector in their process to become more innovative

• Unique value: Inducts provides the only extreme-to-extreme open innovation platform supported by Dr. Henry Chesbrough. Through the platform, we are able to build the innovation capabilities within companies and create sectorial innovation hubs

• Born in 2007, Induct is an international leading

company developing innovation initiatives all over

the world

• International branches: Oslo (Noruega), Boston

(USA), Beijing (China), Bangalore (India), Berlin

(Germany), London (UK), Sao Paulo (Brazil ) &

Barcelona (Spain)

INDUCT

© 2013 INDUCT SEA

“Open innovation is the intentional use of both the internal and external knowledge in order to speed up innovation and expand markets. This implies that organiaztions must use internal and external ideas, teams, and insights, in order to make innovation happen.”

Henry Chesbrough (“Open Innovation: the new imperative”), Dean at the Haas Business

School at Berkeley, and President at Induct¡’s Counceling Commitee.

OPEN INNOVATION

Open Innovation is a CO-spirit process! © 2013 INDUCT SEA

© 2013 INDUCT SEA

OI SAAS

Challenges. Ideas. Projects. Impulses. Groups. Innovation library. Innovation processes.

FLAGSHIP PROJECTS

Challenge Stimulate world leading specialists Prioritize applications with conditions and potentials Enable collaboration between specialist environments

Solution Research Proposal Campaigns Online ranking/review by selected groups of specialists Advanced search technology to stimulate learning

Results Number of applications increased more than 50% Bug-free technical implementation High customer satisfaction among gatekeepers & users

Process In January 2011, CIMIT announced a call for

FY2012 pre-proposals in its Innovation Grant program

Over 300 multidisciplinary teams responded,

a 50 percent increase over last year

One hundred fifty-five pre-proposals have been selected to advance

to the full proposal stage and compete for CIMIT Innovation Grants

of up to $100,000

http://www.cimit.org/news/Record-Number-FY2012-CIMIT-

Innovation-Preproposals.html

«The overall general feedback is very positive.

They find it easy to use, best yet!»

Diane S. Spiliotis, CFO/CIO, CIMIT

Actual Standard of Care

Impact (Disseminate)

Challenges & Needs

Insight

Prototypes

Innovate

Products/ Services

Implement

Best Practices

Ideas & Opportunities

Invent &

Find

Enabling Technologies

Work- groups

Proposal Process

Funding Finder

CIMIT Connector

Impact Planner

Clinical Impact

Dashboard

Best Practice Curator

Ideas & Challenges

© 2013 INDUCT SEA

HEALTHCARE

NHS Innovations London Stimulates Innovation in Health Service Through New Offering

Oslo University Hospital Proposes Open Healthcare Innovation Zone to Include All Stakeholders

Helping Norway, Sweden, and Denmark Form EU-Funded Open Healthcare Innovation Zone

187.000 employees and collaborators

Innovation network with Bangalore

First implementation in Spain, other will come soon

© 2013 INDUCT SEA

© 2013 INDUCT SEA

INNOVATION AT WORK

The Innovation ecosystem

Strategy

Goals

Structure Governance

Benefits

Indicators Culture

1. Encourage

2. Manage

4. Reward

3. Measure

1. ENCOURAGE

• Generate awareness • Create and show the management’s commitment (online &

offline communications) • Create participation opportunities (make it easy to generate

ideas) • Motivate (not only the 10% of natural innovators) • Involve innovation champions: employees, customers,

wholesalers, etc. • Set up a culture of innovation

1. Encourage

“The more visionary CEOs understand that innovation is as much about purpose and culture.”

Michael van Hove, Strategos

© 2013 INDUCT SEA

© 2013 INDUCT SEA

2. MANAGE

• Define your Innovation types (challenges, ideas, proposals, groups) • Define stages and tasks • Manage your end-to-end innovation processes • Set up your innovation organization and teams • Collaborate • Design a calendar • Decide which are your ideas evaluation criteria • Follow your innovation Innovation funnel

2. Manage

“The limits to innovation have nothing to do with technology or creativity. It’s all about management capability” Ray Sata, CEO at Analog Devices

3. MEASURE

• Define innovation kpi’s • Create stage and process scorecards to filter ideas and take

better decisions • Learning process based on results • Improvement your innovation processes whenever is

needed

3. Measure

“Innovation is ultimately about Return on Investment” Robert Brands, Innovation coach

© 2013 INDUCT SEA

4. REWARD

• Celebration • Professional recognition • Remuneration on objectives • Talent detection • Career development based on “innovativeness”

4. Reward

“Many workplaces are enclaves of aiding and abetting immature, disrespectful, even harmful behavior.” Deborah Mills, Mills - Scolfield

© 2013 INDUCT SEA

INNOVATION ROAD MAP

The Innovation ecosystem

Strategy

Goals

Structure Governance

Benefits

Indicators Culture Open Innovation

Communities

Businesses

1. Design your innovation framework

2. Set up your OI platform

3. Manage your communities

© 2013 INDUCT SEA

WELCOME ABOARD

The new leadership requirements:

Openness

Standards

Collaboration

These three elements are key to your company’s long-term strategy and road-map to success.

© 2013 INDUCT SEA

LET’S STAY IN TOUCH

© 2013 INDUCT SEA

Encourage. Manage. Measure. Reward.

Joan Ras Mob:+34 654 56 60 01

[email protected]

Ignasi Clos Mob : +34 659 55 14 01

[email protected]

Alf Martin Johansen Mob: +47 90 17 94 35

[email protected]

www.inductsoftware.com

INDUCT – THE OPEN INNOVATION COMPANY

Let’s innovate!